TO:
Honorable Mayor and Members of the City Council
THROUGH:
Mark Danaj, City Manager
FROM:
Stephanie Katsouleas, Public Works Director
Prem Kumar, City Engineer
SUBJECT:Title
Resolution No. 17-0127 Amending the Fiscal Year 2017/18 Capital Improvement Plan Budget to Appropriate $199,430 in Road Maintenance and Rehabilitation Account Revenues Created by Senate Bill 1, the Road Repair and Accountability Act of 2017 (Public Works Director Katsouleas).
ADOPT RESOLUTION NO. 17-0127 AND APPROPRIATE FUNDS
Line
_________________________________________________________
Recommended Action
RECOMMENDATION:
Staff recommends that City Council adopt a resolution to:
1) Amend the Fiscal Year (FY) 2017/18 Capital Improvement Plan (CIP) Budget to appropriate an anticipated $199,430 in Road Maintenance and Rehabilitation Account (RMRA) revenues created by Senate Bill 1 (SB 1), the Road Repair and Accountability Act of 2017 to supplement existing funding for the Manhattan Avenue/Highland Avenue Improvement Project.
2) Direct the Public Works Director to submit the necessary project information to the California Transportation Commission as required by the Act.
Body
FISCAL IMPLICATIONS:
The City of Manhattan Beach anticipates receiving $199,430 in FY 2017/18. Estimated revenues created by Senate Bill 1 were included in the Streets and Highways Fund when the budget was adopted in June although projects utilizing the new funding had yet to be identified. An appropriation of $199,430 is now recommended for the Manhattan Avenue/Highland Avenue Improvement Project to comply with the recently released Annual Reporting Guidelines. Funding and projects in subsequent fiscal years will be presented to City Council as part of our annual reporting to the California Transportation Commission (CTC) and incorporated into the City's CIP.
BACKGROUND:
Senate Bill 1 (SB 1), the Road Repair and Accountability Act of 2017 (Chapter 5, Statutes of 2017) was passed by the Legislature and signed...
Click here for full text