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HomeMy WebLinkAboutTC Res 2017-10-04 (2) RESOLUTION NO. 29-2017 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TIBURON APROPRIATING ROAD REPAIR AND ACCOUNTABILITY ACT FUNDING AND AMMENDING THE 2017-18 BUDGET TO INCORPORATE A LIST OF PROJECTS FUNDED BYSB 1: THE ROAD REPAIR AND ACCOUNTABILITY ACT WHEREAS, 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 into law by the Governor in April 2017 in order to address the significant multi-modal transportation funding shortfalls statewide; and WHEREAS, SB 1 includes accountability and transparency provisions that will ensure the residents of our Town are aware of the projects proposed for funding in our community and which projects have been completed each fiscal year; and WHEREAS, the Town must include a list of all projects proposed to receive funding from the Road Maintenance and Rehabilitation Account (RMRA), created by SB 1, in the Town budget, which must include a description and the location of each proposed project, a proposed schedule for the project's completion, and the estimated useful life of the improvement; and WHEREAS, the Town will receive an estimated $53,693 in RMRA funding in Fiscal Year 2017-18 from SB 1; and WHEREAS, the Town Council considered the 2018 Various Streets Paving Project in Public Meetings on July 5, 2017 and August 6, 2017; and WHEREAS, the Town used a Pavement Management System to develop the SB 1 project list to ensure revenues are being used on the most high-priority and cost-effective projects that also meet the communities priorities for transportation investment; and WHEREAS, the funding from SB 1 will help the Town overlay the Las Lomas Lane road segment in "Tiburon this year and similar projects into the future; and WHEREAS, the 2016 California Statewide Local Streets and Roads Needs Assessment found that the Town's streets and roads are in "good" condition and this revenue will help us increase the overall quality of our road system over the next decade; and WHEREAS, without revenue from SB 1, the Town will have a decreased ability to undertake currently planned pavement repair projects; and WHEREAS, the SB 1 project list and overall investment in our local streets and roads infrastructure with a focus on basic maintenance and safety, investing in complete streets infrastructure, and using cutting-edge technology, materials and practices, will have significant positive co-benefits statewide. Page 1 of 2 Town Council Resolution No. 29-2017 1014/2017 NOW, THEREFORE IT IS HEREBY RESOLVED, ORDERED AND FOUND by the Town Council of the Town of Tiburon, State of California, as follows: I. The foregoing recitals are true and correct. 2. The Capital hllprovement Plan budget for fiscal year 2017-18 is amended to incorporate the Las Lomas portion of the 2018 Various Streets Overlay project planned to be funded with Road Maintenance and Rehabilitation Account revenues: The 2018 Various Streets Overlay Las Lomas project is to be constructed in 2018 with a useful life of 20 years including the following roadway segments: Street Name From To PCI LAS LOMAS LANE MAR WEST END 12 3. The Capital Improvement Plan budget for fiscal year 2017-18 is amended as follows: Amend the Capital Improvement Plan to include an additional $53,693 in State Road Maintenance and Rehabilitation Account revenues for funding a portion of the 2018 Various Streets Project. PASSED AND ADOPTED by the Town Council of the Town of Tiburon, State of California this 4"' day of October, 2017, by the following vote: AYES: COUNCILMEMBERS: Fraser, Fredericks, Kulik, O'Donnell, Thier NAYS: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None Ir JIM F A� ' i O TOW TIBURON ATTEST: , 41 i LEA STEFANI, TOWN CLERK Page 2 of 2 Town Council Resolution No. 29-2017 10/4/2017