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HomeMy WebLinkAboutReso 79-24 Approving a Project Funding Agreement with the Tri-Valley Transportation Council for the Reso. No. 79-24, Item 5.5, Adopted 07/16/2024 Page 1 of 2 RESOLUTION NO. 79 – 24 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING A PROJECT FUNDING AGREEMENT WITH THE TRI-VALLEY TRANSPORTATION COUNCIL FOR THE TASSAJARA ROAD IMPROVEMENTS – NORTH DUBLIN RANCH DRIVE TO QUARRY LANE SCHOOL PROJECT, CIP NO. ST0119 WHEREAS, the City of Dublin’s five-year Capital Improvement Program 2024-2029 (CIP) includes the Tassajara Road Improvements – North Dublin Ranch Drive to Quarry Lane School project, CIP No. ST0119 (“Project”); and WHEREAS, the City of Dublin, as one of the members of the Tri-Valley Transportation Council (“TVTC”), is a signatory to the Joint Exercise of Powers Agreement pertaining to the Tri- Valley Transportation Development Fee (“TVTDF”); and WHEREAS, the City is the Project sponsor and requested a TVTDF funding allocation; and WHEREAS, the Project is identified on List C of the TVTC Strategic Expenditure Plan (“SEP”) and is programmed for funding in the SEP Funding Plan; and WHEREAS, on October 16, 2023, TVTC approved the allocation of $1,450,000 of TVTDF funds for the Project (TVTC Resolution No. 2023-10); and WHEREAS, the Parties desire to enter into a Project Funding Agreement to outline the terms and obligations associated with the allocation of TVTDF funds. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby approve the agreement with the Tri-Valley Transportation Council, attached hereto as Exhibit A to this Resolution. BE IT FURTHER RESOLVED that the City Manager or designee is authorized to execute Exhibit A, and make any necessary, non-substantive changes to Exhibit A to carry out the intent of this Resolution. {Signatures on the Following Page} Docusign Envelope ID: B587DB3E-92DB-4BC8-84C5-641C427B432C Reso. No. 79-24, Item 5.5, Adopted 07/16/2024 Page 2 of 2 PASSED, APPROVED AND ADOPTED this 16th day of July 2024, by the following vote: AYES: Councilmembers Hu, Josey, Qaadri, Thalblum and Mayor McCorriston NOES: ABSENT: ABSTAIN: ______________________________ Mayor ATTEST: _________________________________ City Clerk Docusign Envelope ID: B587DB3E-92DB-4BC8-84C5-641C427B432C Exhibit A TRI-VALLEY TRANSPORTATION COUNCIL FUNDING AGREEMENT BETWEEN THE TRI-VALLEY TRANSPORTATION COUNCIL AND CITY OF DUBLIN FOR THE ALLOCATION OF TVTDF FUNDS IN THE AMOUNT OF $1,450,000 FOR THE CAMINO TASSAJARA/TASSAJARA ROAD WIDENING PROJECT – QUARRY LANE SCHOOL/WALLIS RANCH DRIVE TO NORTH DUBLIN RANCH DRIVE (PROJECT B.8B) This AGREEMENT is made and entered into as of , 2024 by and between the Tri-Valley Transportation Council and the City of Dublin (DUBLIN), collectively referred to herein as the “Parties.” RECITALS A. WHEREAS, DUBLIN, as one of the members of the Tri-Valley Transportation Council (“TVTC”), is a signatory to the Joint Exercise of Powers Agreement pertaining to the Tri-Valley Transportation Development Fee (“TVTDF”); and B. WHEREAS, the Camino Tassajara/Tassajara Road Widening Project – Quarry Lane School/Wallis Ranch Drive to North Dublin Ranch Drive Project (“Project”) is identified on List C of the TVTC Strategic Expenditure Plan (“SEP”) and is programmed for funding in the SEP Funding Plan; and C. WHEREAS, DUBLIN is the Project sponsor and requested a TVTDF funding allocation; and D. WHEREAS, pursuant to Resolution No. 2023-10, TVTC approved the allocation of $1,450,000.00 of TVTDF funds to DUBIN for the Project; and E. WHEREAS, the Parties desire to enter into this Funding Agreement to outline the terms and obligations associated with the allocation of TVTDF funds; NOW, THEREFORE, THE PARTIES DO HEREBY AGREE AS FOLLOWS: Docusign Envelope ID: B587DB3E-92DB-4BC8-84C5-641C427B432C TRI-VALLEY TRANSPORTATION COUNCIL Tri-Valley Transportation Council SECTION I TVTC AGREES: A. To allocate and transmit to DUBLIN $1,450,000.00 of TVTDF funds for the Project. DUBLIN AGREES: A. To utilize the TVTDF funds solely for the Project, in accordance with the SEP. B. To keep and maintain accurate documentation consistent with Generally Accepted Accounting Principles (GAAP) related to the expenditure of the TVTDF funds allocated for the Project. C. To make any and all documentation related to the Project’s use of TVTDF funds available to TVTC or its representatives upon request. D. To promptly notify TVTC of any unspent TVTDF funds after Project completion and promptly return said funds to TVTC. SECTION II IT IS MUTUALLY AGREED: A. Any notice given under this Funding Agreement shall be in writing and shall be deemed given if delivered personally or mailed by registered or certified mail or commercial overnight courier, return receipt or confirmation of delivery requested, or by facsimile transmission with voice confirmation of receipt, the parties at the following addresses (or at such other address for a party as shall be specified by like notice): If to DUBLIN: Pratyush Bhatia, Transportation and Operations Manager City of Dublin Transportation Division 100 Civic Plaza Dublin, CA 94568 Pratyush.bhatia@dublin.ca.gov If to TVTC: Adam Cleary, Attention: TVTC Administrator Town of Danville 500 La Gonda Way Danville, CA 94526 acleary@danville.ca.gov SIGNATURES ON THE NEXT PAGE Docusign Envelope ID: B587DB3E-92DB-4BC8-84C5-641C427B432C TRI-VALLEY TRANSPORTATION COUNCIL Tri-Valley Transportation Council CITY OF DUBLIN A Municipal Corporation “DUBLIN” Linda Smith D'Ambrosio, City Manager APPROVED AS TO FORM: John Bakker, City Attorney ATTEST: Marsha Moore, City Clerk City Council Resolution No. TRI-VALLEY TRANSPORTATION COUNCIL Renee Morgan, Chair APPROVED AS TO FORM: Steven Mattas, TVTC Counsel ATTEST: Adam Cleary, TVTC Administrator Docusign Envelope ID: B587DB3E-92DB-4BC8-84C5-641C427B432C