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HomeMy WebLinkAboutItem 4.10 Purchase FAU Funds City of Madera (2) CITY OF DUBLIN ('0 QQ— t v AGENDA STATEMENT CITY COUNCIL MEETING DATE: AUGUST 12, 1985 SUBJECT Purchase of FAU Funds from City of Madera EXHIBITS ATTACHED 1 ) Resolution approving a Joint Powers Agreement for the Exchange of City of Madera Federal Aid Urban Funds for City of Dublin General Funds 2 ) Memo to the Ctiy Council dated 4/18/85 3 ) Minutes of City Council Meeting of 4/22/85 regarding FAU funds 4) City of Madera letter of 7/12/85 5 ) Joint Powers Agreement with the City of Madera 6) City of Madera Resolution No . 4278 RECOMMENDATION Adopt resolution approving Joint Powers Agreement with the City of Madera. FINANCIAL STATEMENT: The City of Dublin will pay a total of $460,497.75 to the City of Madera in exchange for $613 ,997.00 in FAU funds . This will represent a savings to the City of Dublin of $153 , 499. 25 . DESCRIPTION On April 22 , 1985 , the City Council authorized the City Engineer to submit a bid for the purchase of FAU funds from the City of Madera. Madera has accepted Dublin' s bid of $ . 75 for each dollar of FAU funds . A formal agreement between the two cities is now necessary to initiate the transaction. Under this Agreement , Dublin will pay a total of $460, 497 .75 for $613 ,997 . 00 of FAU funds . This will provide - a savings of $153 ,499. 25 to Dublin' s General Fund . FAU funds must be used on designated streets and they are administered by the State Department of Transportation. Some cities have a difficulty with the use of the funds due to requirements placed on the projects . The City of Dublin has been successful in the use of FAU monies and Staff members are familiar with the design and reporting requirements . FAU funds can only be used for construction and require a local match, of 13 . 8 cents for each FAU dollar used on a project . These funds are planned to be used for the San Ramon Road Phase 2 project . This project provides for the widening of San Ramon Road between I-580 and Silvergate Drive . Also , median street lighting, landscaping, extension of a storm drain, signal modifications at Amador Valley Boulevard and a signal at Silvergate Drive are elements included in this project . If the total amount is not used on San Ramon Road , it can be carried over to the Amador Valley Boulevard reconstruction project . The City Engineer has worked with the City of Madera to establish a phased exchange of funds . The San Ramon Road Phase 2 project has been designed and the City is awaiting the required approval by CalTrans officials prior to requesting City Council authorization to solicit bids . The schedule contained in the Joint Powers Agreement spreads the City of Dublin ' s payments over five months . It is anticipated that this will correspond with the dates in which the City of Dublin will receive reimbursements from the FAU program. However, the actual dates on which the City receives FAU reimbursements will be dependent upon the time schedule once construction begins . Staff recommends that the City Council adopt the Resolution approving the Joint Powers Agreement . ---------------------------------------------------------------------------- COPIES TO : ITEM NO. 416 RESOLUTION NO . - 85 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN -------------------------------------- . APPROVING A JOINT POWERS AGREEMENT FOR THE EXCHANGE OF CITY OF MADERA FEDERAL AID URBAN FUNDS FOR DUBLIN GENERAL FUNDS WHEREAS , the City of Madera has ' accepted .a .bid submitted by the City of Dublin to exchange Federal Aid Urban (FAU) funds for General Funds ; and WHEREAS , the bid offered an exchange rate of seventy- five cents ($0. 75 ) of general funds for every one dollar ($1 .00) of FAU funds ; and WHEREAS , Dublin plans to use these FAU funds for the Phase 2 project on San Ramon Road , an FAU route ; and WHEREAS , this exchange of funds will provide a greater amount of Federal Funds available for necessary roadway improvements . NOW, THEREFORE , BE IT RESOLVED that the City. Council of the City of Dublin does hereby approve the Joint Powers Agreement between the City of Madera and the City of Dublin for the exchange of FAU funds . BE IT FURTHER RESOLVED that the Mayor shall execute the Agreement and the City Clerk shall .. forward copies to the appropriate authorities . 1985 . PASSED , APPROVED AND ADOPTED this 12th day of August , AYES : NOES : ABSENT: Mayor ATTEST: City Clerk M E M O R A N D U M TO : ity Council FROM: City Manager SUBJECT: Federal Aid Urban Funds DATE : April 18 , 1985 The City has been notified that the City of Madera is willing to sell its allocation of Federal Aid Urban funds which will be available by October 1 , 1985 . It is standard practice to purchase funds from other agencies at a price that is less than dollar for dollar basis . Since the City has FAU projects which are presently under-funded in the City' s Capital Improvement Program, it is recommended that the City Engineer be authorized to bid for these FAU funds which are being made available for purchase by the City of Madera-. -' City Manager Ambrose indicated it would be appropriate for the City' s Park & Recreation Commission to have input when these projects get to the design stage . Cm. Vonheeder felt the City should have a lot of input with how the money will be spent and further stated she felt the oldest money should be spent first . Cm. Vonheeder also felt discussion should be held with regard to spending all of the pa.rk dedication fees currently being held . On motion of Cm. Hegarty , seconded by Cm. Moffatt , and by unanimous vote , (Cm. Jeffery absent ) , the Council authorized Staff to request that the Dublin San Ramon Services District consider undertaking the renovation of the Shannon Center kitchen, and development of a park play area with Park Dedi- . cation Funds held by the District . The Council further agreed to authorize . the committee to discuss other subjects related to park and recreation issues . FEDERAL AID URBAN FUNDS The City has been notified that the City of Madera is willing to sell its allocation of Federal Aid Urban funds which will be available by October 1 , ' 1955 . It is standard practice to purchase funds from other agencies at a price that is less than dollar for dollar basis . These funds could be utilized in funding City FAU projects which are presently approved but underfunded . On motion of Cm. Moffatt , seconded by Cm. Vonheeder, and by unanimous vote , ( Cm. Jeffery absent ) , the Council authorized the City Engineer to submit a bid for the purchase of FAU funds . ESTABLISH DATE FOR PUBLIC HEARING REVENUE SHARING & CITY BUDGET 1955-86- CAPITAL IMPROVEMENT PROGRAM, In order to accomplish a more effective notification of the residents regarding this years upcoming budget hearing, it is desirable to set a public hearing date in order to advertise the date in the City Newsletter which will be distributed in May. By a consensus of the Council , the date of Tuesday, June 25 , 1985 , 6:00 p.m. , was set for the public hearing. Staff will determine the location. OTHER BUSINESS Kaufman & Broad Annexation City Manager Ambrose reported that LAFCO had approved the Kaufman & Broad Annexation request for 12 acres . There still remains a couple of steps before it is certified . CM-4-53 Regular Meeting April 22 , 1985 HE 5TglF J U > z ' Z J CITY HALL 9 205 WEST 4TH STREET MADERA,CA 93637 Pl O O F � THE SPt, DEPARTMENT ADMINISTRATION Phone: (209) 674-8802, Ext. 200 July 12, 1985 Mr. Lee S . Thompson City Engineer City of .Dublin P. 0. Box 2340 Dublin, California 94568 Dear Mr. Thompson: Enclosed are three copies of the Joint Powers Agreement and our City Resolu- tion No. 4278 which pertain to our FAU funds transfer. - Please have the agreement signed by your Mayor and your City Clerk, and arrange for the Federal Highway Administration representative to sign them also. When they have been fully executed, please return them to Madera City Clerk Edith Fischer. I apologize for -any confusion which may have existed regarding this matter. As Interim City Administrator, I had to pick up many projects which were partially completed and some confusion did result. If I can be of .further assistance to you in this or any other matter of mutual concern, please feel free to contact me at any time. Yours truly, G Gordon Skeels Interim City Administrator GS:me encls. JOINT POWERS AGREEMENT THIS AGREEMENT made and entered into this day of , 1985, by and between the CITY OF MADERA, a Municipal Corporation of the State of California, hereinafter referred to as "MADERA" , and the CITY OF DUBLIN, a Municipal Corporation of the State of California, hereinafter referred to as "DUBLIN" . W I T N E S E T H: WHEREAS, a procedure has been established, acceptable to Federal and State Departments of .Trans- portation, whereby local agencies may jointly agree to exchange Federal Aid Urban (FAU) apportionments for other funds as jointly agreed .upon; and WHEREAS, it is mutually agreeable between MADERA and DUBLIN to transfer general funds apportionments for FAU apportionments to the mutual benefit of both parties hereto; NOW, THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows: 1. MADERA agrees to transfer to DUBLIN, upon execution of this agreement, or as promptly as possible thereafter, the sum of $514,000.00 from MADERA' s FAU apportionments, and on or before October 15, 1985, . the sum of $99, 997.00 from said apportionments. 2. DUBLIN agrees to pay to MADERA the sum of $460, 497. 75 as follows : November 14 1985 $100, 000.00 December 1, 1985 100,000.00 January 1 , 1986 100, 000.00 February 1, 1986 100,000.00 March 1 , 1986 60,497.75 $460,497.75 3. It is understood and agreed that this agreement is subject to the approval of the Secretary of the U.S. Department of Transportation or his designee. IN ' WITNESS WHEREOF, the parties hereto :}nave executed this Joint Powers Agreement on the day and year first above written. CITY OF MADERA, a Municipal Corporation of the State of California By M or ATTEST: City Jerk CITY OF DUBLIN, a Municipal Corporation of the State of California By Mayor ATTEST: City Clerk The foregoing agreement is hereby approved: FEDERAL HIGHWAY ADMINISTRATION By Regional Administrator `l RESOLUTION NO. 4278 RESOLUTION APPROVING JOINT POWERS AGREEMENT WITH CITY OF DUBLIN FOR RELINQUISHMENT OF CITY OF MADERA FEDERAL AID URBAN FUNDS TO THE CITY OF DUBLIN ' AND AUTHORIZING EXECUTION THEREOF BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MADERA AS FOLLOWS: That certain Joint Powers Agreement by and between the City of Madera and the City of Dublin for relinquishment of City of Madera Federal Aid Urban Funds ` to the City of Dublin, a copy of which agreement is on file in the office of the City Clerk and to which reference is hereby made for full particulars as to the terms and conditions thereof, is hereby approved and the Mayor and City Clerk are hereby authorized and directed to execute the same for and on behalf of the City of Madera. f•; The foregoing resolution was duly and regularly passed by the City Council of the City of Madera at a regular meeting thereof held on the 6th day of May , 1985 , by the following vote - AYES : Councilmembers Boyle , Larsen , Lyon, Medellin,, -and Oakley." NOES : None . ABSENT : None . /s/ Ralph V . Larsen Mayor ATTEST : /s/ . Edith J . Fischer City Clerk I hereby certify that the foregoing is a true and correct copy of Resolution No . 4278 duly and regularly passed by the City Council of the City of Madera at a regular meeting thereof held on the 6th day of May , 1985 . r C J, City Clerk of he City of Madera