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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-67-18 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, TO AMEND <br />THE FISCAL YEAR 2017/2018 CAPITAL IMPROVEMENT BUDGET TO <br />APPROPRIATE $467,906 FROM RESERVE BALANCE FOR THE I-10 FREEWAY/MT. <br />VERNON AVENUE INTERCHANGE PROJECT <br />WHEREAS, the City of Colton is a municipal corporation duly organized and existing <br />pursuant to the Constitution and laws of the State of California ("City"); and <br />WHEREAS, the City and San Bernardino County Transportation Authority (SBCTA) <br />will enter into a cooperative agreement for the for the project approval and environmental <br />document ("PA/ED"), plans, specifications and estimate ("PS&E") for the I-10/Mt. Vernon <br />Avenue Interchange Project; and <br />WHEREAS, the estimated cost of preparing the PANED, PS&E and ROW phases of the <br />Project is $9,174,627; and <br />WHEREAS, the City needs to provide a local match (Development Share) in the amount <br />of $467,906 (5.1%) and SBCTA's contribution is $8,706,721 (94.9%); and <br />WHEREAS, the Traffic Impact Fee is a fee that is imposed by the local government <br />within the United States on a new or proposed development project to pay for all or a portion of <br />the costs of providing public services to the new development; and <br />WHEREAS, a budget appropriation for approved activities, not listed in the 2017-2018 <br />Fiscal Year budget is required and must be approved by resolution of the City Council. <br />-1- <br />