R-018-22 Amend the Fiscal Yar 2021-2022 Capital Improvement Budget to Appropriate $37,080 for the I-10/ MT. Vernon Ave Interchange

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 221 23 24 25 26 27 28 RESOLUTION NO. R-18-22 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON TO AMEND THE FISCAL YEAR 2021/22022 CAPITAL IMPROVEMENT BUDGET TO APPROPRIATE $37,080 FOR THE I-10/MT. VERNON AVENUE INTERCHANGE PROJECT WHEREAS, the City Council of the City of Colton desires to improve the safety of the bridges and traffic circulation within City jurisdiction; and WHEREAS, the City of Colton and San Bernardino Transportation Commission (SBCTA) intends to improve the interchanges on Pepper Avenue and Mt. Vernon Avenue along the I-10 Freeway corridor in the City of Colton; and WHEREAS, the Pepper Avenue and Mt. Vernon Avenue Interchange projects are jointly funded by SBCTA and the City of Colton thus providing an opportunity to complete the projects at a relatively low cost to the City; and WHEREAS, the City of Colton needs to transfer local traffic impact funds in the amount of $37,080 from Pepper Avenue Interchange Project to Mt. Vernon Avenue Interchange to meet the City's funding obligation for the Pepper Avenue Interchange Project; and WHEREAS, a budget appropriation for approved activities, not listed in the 2021-2022 Fiscal Year budget is required and must be approved by resolution of the City Council. NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF COLTON DOES HEREBY RESOLVE AS FOLLOWS: Section 1 The Recital preceding in this Resolution are true and correct and are incorporated into this Resolution by reference. Section 2 The City Council authorizes the following amendment for the Fiscal Year 2021/2022 budget: • Decrease appropriations in Traffic Impact Fee Fund Professional Services Account No. 249-1000-6900-2350-0000-000 ( I-10/Pepper Avenue Interchange Project) by $37,080; and