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HomeMy WebLinkAboutCC RESO 2012-101RESOLUTION NO. 2012 — 101 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING THE RELEASE OF FUNDS APPROPRIATED FROM 2011 TAX ALLOCATION BOND (CAPITAL IMPROVEMENTS) FROM COOLIDGE STOREFRONT IMPROVEMENTS IN THE AMOUNT OF $250,000, TRAFFIC SAFETY ENHANCEMENTS IN THE AMOUNT OF $400,000, AND PUBLIC SAFETY CAMERAS IN THE AMOUNT OF $100,000 FOR A TOTAL OF $750,000, SINCE THESE PROJECT ARE NOT INDIVIDUAL PROJECTS ON THE RECOGNIZED OBLIGATIONS PAYMENT SCHEDULE (ROPS) WHEREAS, as part of the Fiscal Year 2011-2012 Budget, the City Council allocated 2011 Tax Allocation Bond (Capital Improvements) funds to the following projects: Coolidge Storefront Improvements in the amount of $250,000, Traffic Safety Enhancements in the amount of $400,000, and Public Safety Cameras in the amount of $100,000; and WHEREAS, these projects are not listed as individual projects on the Recognized Obligations Payment Schedule, but are components of the following projects: Coolidge Avenue Community Corridor Replaced Coolidge Storefront Improvements and will provide Traffic Safety Enhancements Kimball Park Improvements Will provide Public Safety Cameras 8th Street Smart Growth Revitalization, 8th Street Safety Enhancements, Highland Avenue Safety Enhancements, D Avenue Community Corridor/Roundabout, and 4th Street Community Corridor Will provide Traffic Safety Enhancements ; and WHEREAS, staff recommends the release of the previously approved appropriations from Coolidge Storefront Improvements in the amount of $250,000, Traffic Safety Enhancements in the amount of $400,000, and Public Safety Cameras in the amount of $100,000, which will be allocated to projects that are listed on the ROPS during the budget process for Fiscal Year 2012-2013. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby authorizes the release of funds appropriated from 2011 Tax Allocation Bond (Capital Improvements) from Coolidge Storefront Improvements in the amount of $250,000, Traffic Safety Enhancements in the amount of $400,000, and Public Safety Cameras in the amount of $100,000 for a total of $750,000, since these project are not individual projects on the recognized Obligations Payment Schedule (ROPS). --- Signature Page to Follow --- • • • Resolution No. 2012 — 101 Page Two PASSED and ADOPTED this 15th day of Ma 2012. n Morrison, ayor ATTEST: 2„zi) Miciael R. Dalla, City Clerk PROVED AS TO FORM: Passed and adopted by the Council of the City of National City, California, on May 15, 2012 by the following vote, to -wit: Ayes: Councilmembers Morrison, Natividad, Rios, Sotelo-Solis, Zarate. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Mayor of the City of National City, California erk of the Cit� City of National City, California By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2012-101 the City of National City, California, passed and adopted by the Council of said City on May 15, 2012. City Clerk of the City of National City, California By: Deputy