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Home My WebLink AboutCC RESO 8212HOUSING AND HOME FINANCE AGENCY COMMUNITY FACILITIES ADMINISTRATION CFA-1101-2a (9/62) RESOLUTION OF GOVERNING BODY OF APPLICANT RESOLUTION NO. 8212 Project No. (For HHFA use.) Resolution providing for increase in planned total expenditure for capital improvement projects. Whereas, under the terms of Public Law 87-658, approved September 14, 1962, the United States of America has authorized the making of a grant to aid in financing the construction of a specific public works project, provided the proposed or planned total expenditure of the public body for its capital improvement projects is increased by an amount approximately equal to the non -Federal funds required to complete such public works project: Now, Therefore, Be It Resolved By THE CITY COUNCIL OF THE CITY OF NATIONAL CITY Governing Board of Applicant 1.-That as of the date of filing of an application by CITY OF NATIONAL CITY (Exact Legal Corporate Name of Applicant) (hereafter called Applicant) with the Housing and Home Finance Agency, United States Government, for a grant to aid in financing the construct- ion of Highland Avenue Improvement, 18th to 30th. (Brief Project Description) the Applicant had a capital improvements plan or capital improvement budget for the fiscal year or years during which construction of the proposed project is expected to occur; and that the total expenditure for capital improvements in said plan or budget was $102.000.00 for the fiscal year ending June, 1163' for the fiscal year ending June 964 . and $ 157.00 .00 financial condition of the general and other fundsHowevof�thedueCitytof presenthe National City, as more fully explained in Exhibit A, attached hereto and incorporated by reference the actual expenditures which could be made during such fiscal year is $0. 2. That, in tie event that said Federal grant is approved by the United States of America said capital improvements plan or capital budget will be (is hereby) increased by $ L02,O00..00 for the fiscal year ending June, 196-3 , and $ 55,0Q0.00 for the fiscal ...June, �1year ending Ju or. 1c64 for a totaincrease of $102.g00.00 in the pro- posedpanned total expenditure for capital improvement projects (exclusive of Federal funds). 3. That said total increase in the proposed or planned total expenditure for capital improvement projects is approximately equal to the non - Federal funds required to complete the public works project for which the application is to be submitted. This resolutior is adopted pursuant to the authority provided by Government State Code, Title 5, Division 2, Part 1, Chapter 4, Article 3. (cite applicable State or local law) CERTIFICATE OF RECORDING OFFICER The undersigned duly qualified and acting/7_ of the / (Title FThfficer) does hereby certify: That the x.c ega orporat, lame opp (cant. attached resolution for an increase in t improvement projects of the ay o has been my office. resolution records in In Witness is a true and correct copy of the resolution, providing he proposed or planned total expenditures for capital as r gularly Adopted at a legally convened duly held on the, an tat recorded in the journal •ofurther proceedingssand =L; Whereof, I have hereunto set my hand this day of 1962. trYgnatUre of Recording Officer Title o cording Officer EXHIBIT "A" Concerning the resolution matters as related to the Special Street fund and the marner in which it is administered to in National City, the following information is provided. The Special Street fund can be considered as a holding fund for moneys, this supported by the General Fund. This is to say that any moneys placed in the Special Street fund by the General fund are not necessarily allocated for any particular project, which is the case in the 1962-63 operating budget for the City of National City as applied to street projects. As this resolution indicates, the Special Street fund budget for this fiscal year is set forth as $102,000.00. No allocations were made to be set aside for any specific projects, this only indicating that this would be the full amount of money which would be available to the Special Street fund for expenditures as of June, 1963, providing that the General fund was able to support it in its entirety. The two attached charts show a clearer picture as to the manner in which the Special Street Fund would have to operate during this fiscal year without using matching funds, and its counterpart shows the Special Street fund as it would operate utilizing the matching funds available under the Public Works Acceleration Act. In the chart showing the fund whereby matching funds would not be used, as of July 1, 1962 there was a balance of $102,000.00 on hand. It was immediately necessary to borrow $75,000.00 from this fund to support the General Fund, leaving a balance in the Special Street Fund of $27,000.00. As the chart illustrates, the Special Street fund could not be repaid the -1- $75,000.00 from the General fund until May, 1963, which creates a dormant period for Special Street fund projects from July, 1962 until May, 1963. By June of 1963 there would be an additional transfer to the Special Street fund from the General fund, which has been a normal practice, which as of July 1, 1963 the Special Street fund would have a balance on hand of $157,000.00,should the General fund be able to make this contribution. This, of course, means though as mentioned before, there would be no moneys available at this time except by virtue of the following. The City has very recently sold a quantity of City property. It is illustrated in the other attached chart the situation whereby we can now put the Special Street fund to work as follows. Once again it is noted that the Special Street fund had a balance on hand of $102,000.00 as of July 1, 1962. $75,000.00 were borrowed from this fund to support: the General fund, leaving a balance of $27,000.00 in the Special Street fund in July of 1962. Because of the aforementioned land sale it is now possible to repay to the Special Street fund the borrowed $75,000.00 from the General fund which will leave us a balance on hand of $102,000.00. We have two specific projects in mind at this time which total $204,000.00, this being the request for the matching funds. One of the projects is the Highland Improvement Project, and a street improvement plan, the latter amounting to a total resurfacing of approximately 115 blocks with asphalt concrete, 1-1/2" in thickness. (The Highland Improvement Project amounting to $42,500.00, and the Accelerated Paving Program amounting to a total of $59,500.00 - totaling $102,000.00 City's contribution.) It should be noted herein that should matching funds be made available at this time we would be able to undertake both of these projects immediately and -2- accomplish two .major projects which could not have been considered had the City not made this land sale and had funds on hand at this time to repay to the Special Street fund. The aforementioned projects would be of great public service and create a great deal of employment. Even though the entire $204,000.00 (this including the matching funds) would be expended perhaps by May, 1963, when the two mentioned projects would be completed the Special Street fund would be supplemented by a transfer into it of $100,000.00 from the General fund, and after usual operating expenses which are derived from this fund, the Special Street fund as <yf July 1, 1963 would have a balance on hand of $55,000.00. /00 00• Ca/000 G0000 a, a00 z o,ma fPE!/AZ 5/WET / W 9 /992 6'3 IN/TA/OUT (/1//✓(� .PcrCENT LA.,-• ✓7G fJ MaNiE-, Fan° 5'TAPEE7 yovenrll/ �Gcenr/Cr iY/ar4-•i Mey N J o p 1 `�ie G ewe 9s A� ~~ 00 4 Ir ‘h o ' eeA ywen/. [.sn frr — 6 / Z 000 .Na iAiins .�..n�s x.r .v/ vu.. 7r aao I"0 '�� •�� N o / / / ife6 /4q1 G / /49)d 4 /d 0+n �j` // r / //../sa},/ / ' / / /I 7 tri f ow bicnere/ I i+..d t/ / r ..1aa . —t el' a3 c —4 —f PASSED AND ADOPTED by the City Council of the City of Notional City, California, this day of October 19 62 , by the following vote, to -wit: Colburn, Hart, Gautereaux AYES: Councilmen 20th NAYS: Councilmen Morgan ABSENT: Allen ATTEST: City Clerk ayor of the ity of Nap al City, California I hereby approve the foregoing Resolution this 20th October rce day of ayor of the ity of 19 62 na Irni I hereby certify that the above and foregoing is a full and true copy of Resolution No Ordinance of the Resolutions 1 { Ordinances J of the City of National City, California, as adopted by the City Council of said City, and approved by the Mayor of said City, on the day of 19 City Clerk of the City of National City, California. Deputy Coocerning the resolution entt r 04t.d to ehe - Street fund and the -neer in which it is lelstered to In Mks Citythe following information is provided. The Spec*l Str t fond den be doteliderit s * holding fund for mon ys. this supported by the General fund. This is to say that any moneys p in t pecial Street fund by the General feed are not heittessarily allocated for arty particular project. which is the iftiSe in the 1962e.63 operating budget for the City of National City as applied to str st projects. As ti- resolution indicates. the Specie/ Street fund budget fear this fiscal IS set forth as SI020.'net.00. ao allocations were made to be set aside for any specific projectsthis only indicating that this would be the full amount of money which would he available to the Special Street fund for expenditures as of June. 1963. providing that the General fund was able to support it in its entlretYi The to attached, charts show a. Storer picture AS te the meppee go %bleb. the Special StTet Food would hove to operate durng, this. fiscal year without using ilotdhinil funCO.ame its counterpart shows the Special Street fund- at It would OpSTAIS W:1If2111V the AsStehinv fuocc atallable uoodu tbc public works 40‘010Teciou In thw chart showing the runt whereby matching furies would not be used. as of July 1. 1.-S.62 there was a balance of Ti102.000.00 on handit was khowdlistielY noceldary to barrels 175.000,00 fries this fund tO Support the Geheral Fundy leaving 0 balance in the Special Street fuhd of *27,000.00, As the chart Illustrates. the. Spatial Street fund could trot be repaid the asphalt concrete* 1-1/2" in: thlcibless. $iS.OG fres the General fund until May* 1363* which creates a dormant Peeled for SO*410) Street fiend projects from July* 1362 until May* 1963, by June of 1363 there would be an additional transfer to the Special Street fund from the General fend* which has been 0 cereal bract100. which es sf July 1* 1,63 the Special Street fund would have a 4104444 on hand of $157.oni.00*thould the General fund be abhe to meMe this contribution. this, of course* means though at mentioned bfore* there would be no moneys available at this time exceot by virtue of the following. The City has very recently sold e quantity of City prpertyft is illustrated in the than attached chart the situation whereby we car now put the Special Street fund to work a follows. 0044 egeir It is toted that the Special Street fund had a hand of $1020000.00 as of duly 11 1962. $7519e1.00 were borrowed from this fund to support the General fund. leaving a balance of $21,00C4.00 in the Special Street fwit! in July of because of the aforementioned land $1.01* it is how possible to t pay to the Special Street fund the borrowed $75.000.00 from the Senersi fund which will tosve us a balance on hand of $102*000.00. ke have two specific preigecte in mnd! at this rime which total 1204#19.4 00* t being the request for the matching funds. One of the projects is the Highland Improvemset Project* 044' 3 strb-,„ hoprovement plan* the letter cementing to a torsi resurfacing of approximately 115 blocks with tThe H1941444 toprovement Project Uotingto'i421,500t00* and the Accelerated Paving Progress amounting to is tots, sf $554500.00 - totaling $1020fri.00 City's contribution.) It should be noted horbIn that should matching funds be made available at this tioie we would be *bin to undertake both of these projects immediately and this Street fete* tee aforementioned pub) issery sive. =to 0 groat of the *1993* when Street sd by the g funds) is t20 000 /p 0 000 1000 /00 00, t0/ 000 =0000 i/'i /,4L JTPEET FUrvD /9a-‘3 ///Tf/O(/T OJ//✓ly /Pct6EN7 Fa! 1f+FC/Fic S7%ff7 PRVICZ /s? eN /0; xN S 0.00 az o0 0 _e ti U\4. C O I T C 1 H•r? 0 v 0,.+0 l_ 000 /i/Ou6wr-/ .Peee/wQs� FeIr-' y ,Noy N vJ 0 i 6 <°s I I (-ewer, ir'a P.✓n Na o O 1 I i r o n 1 ,Pc pirrwan 77.4A Liaw fnr /az Z fo rsJr<-A41" •.n41s 8 *'H/ i4.. dL 7r la0 I N O 0 +8 ^�y `/ / 1.,/ / I Al / /I /q° / I�a)6 2 // / / li / Y / / / e./sa / 7iewf 71,- b frowr 4 ene/eV %r w� t I I >0' PASSED AND ADOPTED by the City Council of the City of National City, California, this 20th day of October 19 62 , by the following vote, to -wit: Colburn, Hart, Gautereaux AYES: Councilmen NAYS: Councilmen Morgan ABSENT: Allen ATTEST:" City .Clerk I hereby approve the foregoing J Resolution }this 1 sec ayor of the City of onal City, California 20th day of October , 19 62 ayor of the City of Natiy I City, California I hereby certify that the above and foregoing is a full and true copy of Resolution No Ordinance of the Resolutions of the City of National City, California, as adopted by the City Council of said Ordinances City, and approved by the Mayor of said City, on the day of , 19 City Clerk of the City of National City, California. Deputy