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HomeMy WebLinkAbout12-070 - Resolutions RESOLUTION NO. 12-070 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, COMMITTING THE CITY TO A MINIMUM 10% LOCAL MATCH OF TOTAL CONSTRUCTION COSTS FOR THE PACIFIC ELECTRIC TRAIL SAFETY ENHANCEMENT PROJECT WHEREAS, the City of Rancho Cucamonga is eligible to submit a Bicycle Transportation Account grant application to the State of California for the funding of construction costs associated with the Pacific Electric Trail Safety Enhancement Project; and WHEREAS, the City of Rancho Cucamonga has estimated that the total construction costs of said improvements to be $501,600; and WHEREAS, the City of Rancho Cucamonga has identified in the grant application to be submitted to the State a local match by the City equal to a minimum of 10% of the total construction costs, or $50,160; and WHEREAS, said 10% local match for a Bicycle Transportation Account grant equal to $451,440, resulting in a total funding for said project equal to $501,600. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Rancho Cucamonga hereby resolves to commit the City to a Bicycle Transportation Account grant match of 10% of the construction costs of said project, up to $50,160. The City Council does reserve the right to exceed, on its authority, said 10% local match, should a grant amount greater than $451,440 be awarded to the City of Rancho Cucamonga. please see the following page for formal adoption,certification and signatures PASSED, APPROVED, AND ADOPTED this 2nd day of May 2012. AYES: Alexander, Buquet, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None . V L. D ni Mic ael, Mayor ATTEST: ice C. Reynolds, City Vlerk I, JANICE C. REYNOLDS, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular Meeting of said City Council held on the 2"d day of May 2012. Executed this 3d day of May 2012, at Rancho Cucamonga, California. ice C. Reynolds, Cit Clerk Resolution No. 12-070 - Page 2 of 2