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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-114-16 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, TO AMEND <br />THE FISCAL YEAR 2016/2017 CAPITAL IMPROVEMENT BUDGET TO SET UP AND <br />APPROPRIATE $31,314 INTO A NEW TRAFFIC IMPACT FEES ACCOUNT FOR THE <br />I-10 FREEWAY/MT. 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 SANBAG will enter into a cooperative agreement for the <br />preparation of the Project Study Report (PSR) for the I-10/Mt. Vernon Avenue Interchange <br />Project; and <br />WHEREAS, the estimated cost of preparing the PSR is $614,000; and <br />WHEREAS, the City needs to provide a local match in the amount of $31,314 (5.1 %) and <br />SANBAG's contribution is $582,686 (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 2016-2017 1 <br />Fiscal Year budget is required and must be approved by resolution of the City Council. <br />NOW THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY <br />OF COLTON DOES HEREBY RESOLVE AS FOLLOWS: <br />Section 1 The City Council authorizes an appropriation of $31,314 as an <br />adjustment to the Fiscal Year 2016-2017 budget as follows: <br />-1- <br />