HomeMy WebLinkAboutCC RESO 2000-17RESOLUTION NO. 2000- 17
RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF NATIONAL CITY AUTHORIZING
THE MAYOR TO EXECUTE AN AGREEMENT FOR TRANSFER
AND EXCHANGE OF FEDERAL FUNDS FOR LOCAL FUNDS, AND
AUTHORIZING THE INITIAL EXPENDITURE OF APPROXIMATELY
$400,000 IN TRANSPORTATION DEVELOPMENT ACT FUNDS
FOR THE ACQUISITION AND LEASE OF 16 NEW BUSES
FOR THE CITY'S TRANSIT SYSTEM
WHEREAS, the San Diego Metropolitan Transit Development Board (MTDB)
has proposed the acquisition of 16 new buses for the City's transit system, to be paid for using
50 percent federal grant funds and 50 percent City Transportation Development Act (TDA)
funds; and
WHEREAS, pursuant to the MTDB's proposal, the City would now transfer
$400,000 in TDA funds to the MTDB as an initial contribution to its 50 percent share of the
total acquisition cost of $2,300,000 and additionally, the City would lease the 16 new buses
from the MTDB for 12 years at an annual rental of One Dollar per bus; and
WHEREAS, beginning with Fiscal Year 2001, additional contributions from the
City would be made each year after the initial contribution, based on a contribution to the
regional bus capital replacement fund, with the amount to be contributed for Fiscal Year 2001
being based on a projection each year of future capital; and
WHEREAS, the MTDB has prepared an Agreement for Transfer and Exchange
of Federal Funds for Local Funds for the acquisition and lease of buses to memorialize the
transaction described above; and
WHEREAS, MTDB has assured the City that, except as specifically provided in
said Agreement, MTDB's purchase of the city buses, on behalf of the City, using federal funds
will not impose on the City any costs, obligations, or liabilities beyond those which the City
would incur if it purchased the city buses itself using TDA funds.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby authorizes the Mayor to execute an Agreement for the Transfer and
Exchange of Federal Funds for Local Funds, and authorizing the initial expenditure of
$400,000 in Transportation Development Act funds for the acquisition and lease of 16 new
buses for the City's transit system.
Signature Page to Follow --
Resolution No. 2000-17
February 22, 2000
Page Two
PASSFD and ADOPTED this 22°d day of February, 2000.
George H. Waters, Mayor
A 1ThST:
.0r
Michel R. Dalla, ity Clerk
APPROVED AS TO FORM:
George H. Eiser, III
City Attorney