HomeMy WebLinkAbout1993-03-23 - AGENDA REPORTS - TDA ARTICLE 8 FUNDS (2)CONSENT CALENDAR
DATE: March 23, 1993
AGENDA REPORT
City Manager Approval ✓"fes'
Item to be presented yiW
Steve Stark �S
SUBJECT: TDA Article 8 Funds
Resolution 93-33
DEPARTMENT: Finance
BACKGROUND
Annually a request is made by the City Council to the Los Angeles County
Transportation Commission for the City's allocation of Transportation
Development Act (TDA) Article 8 funds. Under Article 8 .of the Transportation
Development Act, cities must use the County's Local Transportation funds to
meet local transit needs. Once local transit needs have been satisfied, the
funds may be used for street and road improvements. The City's allocation of
TDA Article 8 funds for the 1992-93 fiscal year is $2,277,591.
Staff has prepared Resolution No. 93-33, which serves as a formal request from
the City Council to the LACTC that the City wishes to apply for all TDA
Article 8 funds available to the City of Santa Clarita.
RECOMMENDATION
That the City Council approve Resolution 93-33
ATTACHMENTS
Resolution 93-33
LACTC TDA Article 8 Claim Form
Adopted: 3
Agenda Item.
/A
� � 1
RESOLUTION 93-33
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
CLARITA, CALIFORNIA, APPROVING THE APPLICATION FOR
LOCAL STREETS AND ROADS FUNDS AUTHORIZED UNDER
ARTICLE 8 OF THE TRANSPORTATION DEVELOPMENT ACT.
WHEREAS,Article 8 of: the Transportation Development Act provides that
cities can use eligible funds of _the County's Local Transportation Fund for
local streets and road expenditures when the City's unmet transportation needs
have been satisfied; and
WHEREAS, the City of Santa Clarita has met its unmet public transportation
needs through an agreement -with the Los Angeles County Transportation
Commission to provide public transportation in the City of Santa Clarita; and
WHEREAS, the City of Santa Clarita desires,to use. the remaining portion of
its allocation of Transportation Development Act funds for minor street and
road improvements.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA CLARITA DOES HEREBY
RESOLVE AS FOLLOWS:
Section 1. To authorize Steve Stark, Director of Finance, as the City's
authorized signature and designated contact person.
Section 2. To apply for all funds available to the City of Santa Clarita
allocated for local street and road improvements.
ATTEST:
PASSED, APPROVED AND ADOPTED THIS Day of , 1993
City Clerk
Mayor
I, HEREBY CERTIFY that the forgoing Resolution was duly adopted by the
City Council of the City of Santa Clarita at a regular meeting thereof on
the _ day of , 1993 by the following vote of Council:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
City Clerk
LOS ANGELES COUNTY TRANSPORTATION COMMISSION
TDA ARTICLE 8(a) (PUC 99400) CLAIM FORM
FY 1992-93
CONTACT PERSON: Steve Stark, Director of Finance PHONE: 805)255-4925
CLAIMANT: City of Santa Clarita
PAYMENT RECIPIENT: Steve Stark, .Director of Finance
ADDRESS: 23920 W. Valencia Blvd. Ste. 303
Santa Clarita, CA 91355
SEND CHECK TO: Steve Stark, Director of Finance
Name and Title
REQUESTED PAYMENT AND RESERVES:
Payment from FY 1992-93' Funds
Payment from Prior -Year Reserves
TOTAL PAYMENT REQUESTED
Reserve for Future Payment
CONDITION OF APPROVAL: Approval of
this claim and payment by the County
Auditor to this claimant are subject
to monies being available and to the
provisions that such monies will be
used only in accordance.with the
Allocation Instructions.
AMOUNT
$ 2,277,591
$ 0
$ 2,277,591
0
AUTHORIZING SIGNATURE
Steve Stark, Director of Finance
Print Name and Title
Date
ARTICLE.8 6. 8 February 1993
TDA
LOS ANGELES COUNTY TRANSPORTATION COMMISSION
TDA ARTICLE 8 REVENUE AND EXPENSES FORM
CLAIMANT: ' CITY OF SANTA CLARITA
TDA ARTICLE 8 REVENUES & EXPENSES'OF CLAIMANT
Beginning of Year Balance:
Revenue:
Intergovernmental Allocations
Interest
TOTAL REVENUE (sum of lines 2 & 3)
Expenditures:
Refunds to LTF Account
Construction/Maintenance
FY 1991-92
-ACTUAL
1) 7,981,712
2) 2,357,298
3) 410,132
4) 2,767,430
5) 0
6) 1,947,227
FY 1992-93
ESTIMATED
8,801,915
2,277,591
200,,000
2,477,591
0
6,138,288
TOTAL EXPENDITURES (sum of lines 5 & 6) 7) 1,947,227 6,138,288
End of Year Balance: 8) 8,801,915 51141,218
(Line 1.plus line 4, minus line 7)
I verify that the information on this financial reporting form is
true and accurate to the best of my knowledge.
Signed
Chief Financial Officer
ARTICLE.8 7 8 February 1993
TDA