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HomeMy WebLinkAboutReso 040-97 LocalMatch I580/680 · RESOLUTION NO. 40 - 97 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING LOCAL MATCH AGREEMENT FOR THE 1-550/I-680 INTERCHANGE IMPROVEMENTS WHEREAS, the voters of Alameda County approved Measure B in 1986 to impose a 1/2 cent sales tax increase to fund specific street and freeway improvement projects; and WHEREAS, under Measure B, the Alameda County Transportation Authority has the responsibility for ensuring that the funds raised from the increased sales tax are spent according to the terms approved by the voters; and WHEREAS, one of the projects to be constructed with Measure B funds is the improvement of the 1-580/I-680 Interchange originally estimated at a total cost of $54 million, of which $10 million was designated to come from local sources; and WHEREAS, the total estimated cost of the 1-580/I-680 Interchange has increased to $119.7 million with the local match requirement remaining at $10 million; and WHEREAS, the town of Danville, the Cities of Dublin, Livermore, Pleasanton and San Ramon, and Alameda County have previously contributed $491,700 of funds from local sources in order to advance the construction of the west to north ramp from 1-580 to 1-680, secure Project right-of-way and widen 1-580 between Hacienda and Santa Rita. Their respective contributions are listed as follows: Alameda County $ 45,000 Danville 9,600 Dublin 111,700 Livermore 111,700 Pleasanton 203,700 San Ramon 10,000 WHEREAS, Bay Area Rapid Transit (BART) has previously contributed $3.9 million in improvements in order to accommodate and make certain 1-580/1-680 Interchange improvements and BART's contribution has been credited as local match against the total orS10 million local match requirement; and WHEREAS, the Town of Danville, the Cities of Dublin, Livermore, Pleasanton and San Ramon, Alameda County and Contra Costa County have agreed that development within each of its jurisdictions benefits from the proposed 1-580/1-680 Interchange Improvements; and WHEREAS, the Cities of Dublin, Livermore, Pleasanton and San Ramon, Alameda County and Contra Costa County agree to participate in the payment of the remaining local match requirements by contributing additional funds in the following amounts: Alameda County $ 802,140 Contra Costa County 135,900 Dublin 2,043,560 Livermore 703,700 Pleasanton 1,563,000 San Ramon 300,000 WHEREAS, the Town of Danville, the Cities of Dublin, Livermore, Pleasanton and San Ramon, Alameda County and Contra Costa County agree, in the same spirit of Tri-Valley cooperation, to participate in seeking funding for transportation projects with the Tri-Valley cities and counties by exploring the adoption of traffic mitigation fees to help finance such sub-regional transportation projects. NOW, THEREFORE, BE IT RESOLVED that the'City Council of the City of Dublin does hereby resolve to pay an additional $2,043,560 of the $10 million local matching share required under Measure B for the 1-580/1-680 Interchange to the Alameda County Transportation Authority. BE IT FURTHER RESOLVED that the City Council of the City of Dublin does hereby approve the Local Match Agreement and the Mayor is directed to enter into a local match agreement with the Alameda County Transportation Authority. PASSED, APPROVED AND ADOPTED this 6th day of May, 1997. AYES: Councilmembers Ba~wes, Burton, Howard, Lockhart and Mayor Houston NOES: None ABSENT: None ABSTAIN: None Mayor g:agenmisch'esomtch K2/G/5-6-97/reso680. doc