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Resolution 1997-19 . . RESOLUTION NO. 97-19 RESOLUTION OF THE COUNCIL OF THE CITY OF GILROY REQUESTING AN EXCHANGE OF FY 97/98 STATE TRANSIT CAPITAL IMPROVEMENT (TCI) PROGRAM FUNDS FOR FY 94/95 STATE TCI FUNDS WHEREAS, rehabilitating the SP Depot as an intermodal transportation facility is a City Capital Improvement Project; WHEREAS, the estimated total cost of the SP Depot Project is $922,000; WHEREAS, the proposed Project financial plan is comprised of $42,000 FY 94/95 State TCI funds, $103,000 FY 94/95 ISTEA TEA funds, and $351,000 FY 97/98 State TCI funds and $426,000 local matching funds; WHEREAS, the California Transportation Commission (CTC) is responsible for programming and allocating State and Federal funds for the construction of transportation projects; WHEREAS, both Caltrans and the Metropolitan Transportation Commission are recommending that the CTC program the City's request for $351,000 FY 97/98 TCI funds; WHEREAS, the CTC is scheduled to adopt the FY 97/98 TCI Program on April 2-3, 1997; WHEREAS, State statutes dictate that FY 94/95 State TCI funds be allocated by the California Transportation Commission by June, 1997, or these funds revert to the State Transportation Planning & Development Account; WHEREAS, the City has submitted a request to the State that the $42,000 FY 94/95 TCI funds and $103,000 FY 94/95 ISTEA TEA funds programmed for the SP Depot be allocated by the CTC at their June, 1997 meeting; WHEREAS, the City, by prior resolution, declared that local matching funds required for ". external funds have been committed, and when the CTC allocates the funds, matching funds will be available for this projects; "_ WHEREAS, Caltrans has advised the City that the State anticipates $221,000 FY 94/95 TCI Program residual funds which cannot be expended by another programmed recipient in the time frames required by statute; WHEREAS, the State is seeking a potential recipient who would be willing to accept residual FY 94/95 TCI funds in exchange for other TCI funds programmed for their project; -1- RESOLUTION NO. 97-19 . . WHEREAS, the City's project delivery schedule meets the statutory requirements for FY 94/95 State TCI funds; WHEREAS, MTC staff has expressed a willingness to support such an exchange of funds for the City's project; NOW, THEREFORE, BE IT RESOLVED THAT the City is willing to accept an exchange ofFY 97/98 State TCI funds for FY 94/95 State TCI funds with the understanding that the City: · must expend FY 94/95 TCI funds by June 30, 1999, and; · will reduce its FY 97/98 request for State TCI funds by an amount equivalent to the additional FY 94/95 TCI funds the City receives for the SP Depot Project. BE IT FURTHER RESOLVED, in the event the CTC does not program FY 97/98 TCI funds for this project, the City will: · modifY the scope of the project to deliver a useable segment of the project using programmed funds for this project, and; · complete the project by submitting a request to the State for the balance of project funds in a subsequent TCI funding cycle. PASSED AND ADOPTED this 7th day of April by the following vote: AYES: COUNCILMEMBERS: ROGERS, ROWLISON, SPRINGER, VALDEZ, MORALES NOES: COUNCILMEMBERS: GILROY ABSENT: COUNCILMEMBERS: NONE APPROVED: elL J lund.. C~les S. Morales, Mayor Protempore ATTEST: ~)( '--,; ) :illJ1Lfa _ /:f/~(4'-/ Rhonda Pellin, Interim City Clark -2- RESOLUTION NO. 97-19 .. . . . . I, RHONDA PELLIN, Interim City Clerk of the City of Gilroy, do hereby certify that the attached Resolution No. 97-19 is an original resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the 7th day of April, 1997, at which meeting a quorum was present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of the City of Gilroy this 21 st day of April, 1997. ?i ~ ~..~~.. ~ ..Interim City Clerk of the City of Gilroy (Seal)