R-001-16 Amend the fiscal year 2015-2016 capital improvement budget to set up the appropriate 31,314 into a new traffic impact fees acoount

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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 22 23 24 25 26 27 28 RESOLUTION NO. R-01-16 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, TO AMEND THE FISCAL YEAR 2015/2016 CAPITAL IMPROVEMENT BUDGET TO SET UP AND APPROPRIATE $31,314 INTO A NEW TRAFFIC IMPACT FEES ACCOUNT FOR THE I-10 FREEWAY/MT. VERNON AVENUE INTERCHANGE PROJECT WHEREAS, the City of Colton is a municipal corporation duly organized and existing pursuant to the Constitution and laws of the State of California ("City"); and WHEREAS, the City and SANBAG will enter into a cooperative agreement for the preparation of the Project Study Report (PSR) for the I-10/Mt. Vernon Avenue Interchange Project; and WHEREAS, the estimated cost of preparing the PSR is $614,000; and WHEREAS, the City needs to provide a local match in the amount of $31,314 (5.1%) and SANBAG's contribution is $582,686 (94.9%); and WHEREAS, the Traffic Impact Fee is a fee that is imposed by the local government within the United States on a new or proposed development project to pay for all or a portion of the costs of providing public services to the new development; and WHEREAS, a budget appropriation for approved activities, not listed in the 2015-2016 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 City Council authorizes an appropriation of $31,314. As an adjustment to the Fiscal Year 2015-2016 budget as follows: • Increase new expenditure account 249-6150- 1503-3890 in the amount of $31,314. (I-10 Freeway/Mt. Vernon Ave Interchange Project) PASSED, ADOPTED AND APPROVED this 5ch day of January 2016. ATTEST: Carolina R. Padilla, City Clerk Richard A. DeLaRosa, Mayor - 1 -