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HomeMy WebLinkAbout95-49 - Requesting Measure M Funds for Construction of Bristol St at the I-405 Freeway InterchangeRESOLUTION NO. 9 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA, REQUESTING THE ORANGE COUNTY TRANSPORTATION AUTHORITY TO ALLOCATE MEASURE M FUNDS FOR CONSTRUCTION OF BRISTOL STREET AT THE I-405 FREEWAY INTERCHANGE. THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS FOLLOWS: WHEREAS, the Orange County Transportation Authority approved a Measure M Street and Roads Program for fiscal year 1992-93; and WHEREAS, the program includes $1,020,735.00 in fiscal year 1995-96 for a regional interchange improvement project at Bristol Street and the I-405 Freeway; and WHEREAS, the City of Costa Mesa has adopted a General Plan Circulation Element which does not preclude implementation of the Master Plan of Arterial Highways within its jurisdiction; and WHEREAS, the City of Costa Mesa awarded the contract for the project on June 19, 1995, for $4,067,450.04; and the City of Costa Mesa has completed the required preparatory work in accordance with the standards required by the City and other affected jurisdictions involved with said project; NOW, THEREFORE, BE IT RESOLVED that the City of Costa Mesa hereby requests that the Orange County Local Transportation Authority allocate $421,099.56 of Measure M funds from the Regional Interchange Program for construction of the Bristol Street and I-405 Freeway Project to the City. This request is in conformance with the Measure M allocation process and does not exceed ninety (90%) percent of the programmed amount or ninety (90%) percent of the construction services contract. BE IT FURTHER RESOLVED that the City of Costa Mesa agrees to fund any additional costs over the identified programmed Measure M dollars. BE IT FURTHER RESOLVED that the remaining ten (10%) percent of Measure M funds will be transferred to the City of Costa Mesa when construction is completed and a final report on the project is accepted by the Orange County Transportation Authority. The City of Costa Mesa agrees to submit the final report to the Orange County Transportation Authority within ninety (90) days after the City's acceptance of the improvements. PASSED AND ADOPTED this 19th day of June, 1995. ATTEST: Deputy Ci Jerk of the City of Costa Mesa STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF COSTA MESA ) A61(- Mak� of the City of Costa Mesa ._OVED A{S�-T�O�FORM /'T 'W�/rtA CITY ATTORNEY I, MARY T. ELLIOTT, Deputy City Clerk and ex -officio Clerk of the City Council of the City of Costa Mesa, hereby certify that the above and foregoing Resolution No. was duly and regularly passed and adopted by the said City Council at a regular meeting thereof, held on the 19th day of June, 1995. IN WI'T'NESS WHEREOF, I have hereunto set my hand and affixed the Seal of the City of Costa Mesa this 20th day of June, 1995. Deputy Ci Clerk and ex -officio Clerk of the City Co4iicil of the City of Costa Mesa