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HomeMy WebLinkAboutItem 4.6 Apply for SB 300 Funding (2) CITY OF DUBLIN AGENDA STATEMENT City Council Meeting Date: June 25, 1990 SUBJECT: Authorization for Public Works Director to Sign Application for SB 300 Funding Report prepared by Public Works Director Lee Thompson EXHIBITS ATTACHED: Resolution RECOMMENDATION: - :'d.pt Resolution Authorizing Public Works Director to Sign Application for SB 300 Funding FINANCIAL STATEMENT: See below. DESCRIPTION: Approximately one year ago, Senate Bill 140 was passed to provide for State participation in the amount of $300 million in FY 1990-91 to be matched by local funds on a 50% basis for use on local roads. The local funds could be provided from the General Fund or from local sales tax (including Measure B) - but could not be provided from Gas Tax revenue or developer contributions. Senate Bill 300 has since been passed, superseding SB 140, and now provides $250 million for last fiscal year and an additional $250 million for this next fiscal year. The funding for SB 300 comes from Proposition 111, which is the new gas tax levy. All cities and counties are eligible to submit projects. This being the case, it is anticipated that the $250 million spread evenly over the projects submitted will not reach the maximum 50% matching but will probably allow substantial contributions to submitted projects. After all the projects are received and tallied, agencies will have the ability to withdraw projects at will if the matching is too low to bother with. The deadline for dropping projects is December 10, 1990. Local jurisdictions desiring to participate in the program for this coming fiscal year must submit applications for funds by June 30, 1990 and advertise the projects for construction by June 30, 1992. Staff is recommending that the City apply for funding on the following projects for the 1990-91 program: 1) Annual Street Repair and Overlay for 1991-92 (estimated budget $471,400) . 2) Dublin Boulevard Extension and two-lane access road (preliminary estimate $4,100,000) . This resolution authorizes the Public Works Director to sign the application this upcoming fiscal year, as well as for future years as the program is extended. Staff recommends that the City Council adopt the resolution authorizing the Public Works Director to apply for SB 300 funding for these projects. ITEM NO. -.4416 COPIES TO: RESOLUTION NO. -90 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN AUTHORIZING DIRECTOR OF PUBLIC WORKS TO SIGN APPLICATION FOR STATE-LOCAL PARTNERSHIP FUNDS (SB 300) WHEREAS, Senate Bill 300, a multi-year program, is funded by Proposition 111 adopted by popular vote in June of 1990, and allocates funds to construct locally supported transportation projects that require a minimum of state planning review; and WHEREAS, matching funds can be derived from various local sources_ '• including Local Sales Tax, proposition measures, the Transportation Development Act, Local Bonds, Assessment Districts, Uniform Developer Fees, and the General Fund; and WHEREAS, the City of Dublin currently has and foresees future transportation projects that could be eligible for matching funds; and WHEREAS, local jurisdictions desiring to participate in this program are required to submit applications for these funds by June 30th each year; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin authorizes the Director of Public Works to sign the application for State-Local Partnership Program Funds (SB 300) . PASSED, APPROVED, AND ADOPTED this 25th day of June, 1990. AYES: NOES: ABSENT: Mayor ATTEST: City Clerk