Loading...
HomeMy WebLinkAbout13-058 - Resolutions RESOLUTION NO. 13-058 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, COMMITTING THE CITY TO A MINIMUM 25% LOCAL MATCH OF TOTAL CONSTRUCTION COSTS FOR THE PACIFIC ELECTRIC TRAIL CONNECTION PROJECT WHEREAS, the City of Rancho Cucamonga is eligible to submit a Transportation Development Act (TDA) Article 3 grant application to the San Bernardino Associated Governments (SANBAG) for the funding of construction costs associated with the Pacific Electric Trail Connection Project; and WHEREAS, the City of Rancho Cucamonga has estimated that the total construction costs of said improvements to be $115,500; and WHEREAS, the City of Rancho Cucamonga has identified in the grant application to be submitted to SANBAG a local match by the City equal to a minimum of 25% of the total construction costs, or$28,875; and WHEREAS, said 25% local match for a TDA Article 3 grant equal to $28,875, resulting in a total funding for said project equal to $115,500. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Rancho Cucamonga hereby resolves to commit the City to a TDA Article 3 grant match of 25% of the construction costs of said project, up to $28,875. The City Council does reserve the right to exceed, on its authority, said 25% local match, should a grant amount greater than $115,500 be awarded to the City of Rancho Cucamonga. Please see the following page for formal adoption,certification and signatures PASSED, APPROVED, AND ADOPTED this 15' day of May 2013. AYES: Alexander, Michael, Spagnolo, Steinorth, Williams NOES: None ABSENT: None ABSTAINED: None L. Dennis Michael, Mayor ATTEST: ice C. Reynolds, City C66rk 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 1"day of May 2013. Executed this 2n° day of May 2013, at Rancho Cucamonga, California. J ice C. Reynolds, City Jerk Resolution No. 13-058 - Page 2 of 2