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R-10367City Council Meeting: 12-2-2008 RESOLUTION NUMBER ies67 (City Council Series) Santa Monica, California (CCS) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA APPROVING SANTA MONICA BOULEVARD STREET RESURFACING PROJECT FOR PROPOSITION 1B FUNDING WHEREAS, Proposition 1 B-Local Streets and Roads Improvement, Congestion Relief, and Traffic Safety Account Funds (Prop. 1B)- provided $19.925 billion in bond funds for a variety of transportation priorities, including $2 billion for cities and counties to fund the maintenance and improvement of local transportation facilities; and WHEREAS; the Legislature of the State of California has enacted the 2007 Budget Act and Chapter 181, Statutes of 2007 (SB88), which is intended to provide $950 million of Prop. 16 funds in 2007-2008. Of this amount, $550 million has been allocated to cities as determined by the State Controller's Office (SCO). In order to receive these funds, counties and cities must first submit a proposal to the: State Department of Finance, and the State Department of Finance in turn notifies the SCO which counties and cities have met certain reporting requirements; and WHEREAS, the State. Department of Finance has established the procedures and criteria for reviewing grant proposals .and is required to submit to the State Department of Finance a list of recommended projects for Prop. 1 B funding; and 1 WHEREAS, said procedures and criteria established by the State Department of Finance require a resolution certifying the approval of use of these funds by the City before submission of said application to the State Department of Finance; and WHEREAS, Proposition 1B funds have been allocated to the City of Santa Monica in the amount of $1,465,667 (fiscal year 2007/08); and WHEREAS, these funds originated from the Budget Bill (SB 78 and 88), and include $550 million for cities in FY 2007/08. All Prop 16 funds appropriated in FY 2007/08 must be expended within three years of receipt (June 30, 2011); NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE AS FOLLOWS: SECTION 1. The Santa Monica City Council approves the proposed Proposition 1 B Street Project and designates Santa Monica Boulevard Street Resurfacing Project to utilize. FY 07/08 Proposition 1 B funds. SECTION 2. The City Clerk shall certify to the adoption of this Resolution, and thenceforth and thereafter the same shall be in full force and efFect. APPROVED AS TO FORM: V MAR HA J ~ ES MO TRIE City orn 2 Adopted and approved this 2"d day of 1, Maria Stewart, City Clerk of the City of Santa Monica, do hereby certify that the foregoing Resolution No. 10367 (CCS) was duly adopted at a meeting of the Santa Monica City Council held on the 2"d day of December, 2008, by the following vote: Ayes: Council members: Genser, Holbrook, McKeown, O'Connor Mayor Katz, Mayor Pro Tem Bloom Noes: Council members: None Abstain: Council members: None Absent: Council members: Shriver ATTEST: Maria Stewart, City Cler