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HomeMy WebLinkAboutReso 234-06 Downtwn Traffic Mitigation Findings RESOLUTION NO. 234 - 06 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN * * * * * * * * * * * ** * * * MAKING FINDINGS REGARDING UNEXPENDED DOWNTOWN TRAFFIC MITIGATION CONTRIBUTIONS FOR FISCAL YEAR 2005-2006 Recital 1. The City has collected contributions for completion of off-site public traffic improvements needed as a result of new development, which will not be expended within five years after deposit. The improvements are described in the 2006-2011 Capital Improvement Program and include the improvements described below: Unexpended Developer Deposit Balances as of June 30, 2006 $200,826 $444,467 $13,536 $24,598 $266,228 2. The Five projects described in the recital above are referred to as the "Five Traffic Improvements." Findine:s The Council finds, on the basis of the foregoing Recitals, that: A. The contributions which have been collected for the Five Traffic Improvements will remain unexpended in Fiscal Year 2006-2007; B. The contributions which have been collected for the Five Traffic Improvements will remain committed for construction of the improvements identified in the adopted Capital Improvement Program; C. The purpose for which the contributions will be used is construction of the Five Traffic Improvements, as described above and in the 2006 - 2011 Capital Improvement Program; D. The contributions were collected to make the Five Traffic Improvements, which improvements will mitigate traffic impacts caused by the new development projects which paid the contributions; and Reso No. 234-06, Adopted 12/19/06, Item 4.11 Page 1 of2 E. The contributions which have been collected for the Five Traffic Improvements are needed for construction of the Five Traffic Improvements. PASSED, APPROVED, AND ADOPTED this 19th day of December 2006, by the following vote: AYES: Councilmembers Hildenbrand, Oravetz, Sbranti and Scholz, and Mayor Lockhart NOES: None ABSENT: None ABSTAIN: None ATTE~ L).)J... 'L-~ City Clerk Reso No. 234-06, Adopted 12/19/06, Item 4.11 Page 2 of2