HomeMy WebLinkAbout1995-02-28 - AGENDA REPORTS - TDA ARTICLE 8 FUNDS (2)AGENDA REPORT
CONSENT CALENDAR
DATE:
SUBJECT:
DEPARTMENT:
BACKGROUND
February 28, 1995
TDA Article 8 Funds
Resolution 95-7
Finance
City Manager
Item to be
Steve Stark SS
Annually a request is made by the City Council to the Los Angeles County Metropolitan
Transportation Authority (MTA) 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 1994-1995 fiscal year is $2,629,721.
Staff has prepared Resolution No. 95-7, which serves as a formal request from the City Council to
the MTA that the City wishes to apply for all TDA Article 8 funds available to the City of Santa
Clarita.
RECOMMENDATIONS
That the City Council approve Resolution 95-7
Resolution 95-7
TDA Article 8 Claim Form
95-7agdntb Adopted:�.,�
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Agenda Item:
LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY
CONTACTPERSON:
TDA ARTICLE 8(a) (PUC 99400) CLAIM FORM
FY 1994-95
PHONE:
Steca Stark Director of Finance (805) 255-4925
CLAIMANT:
City of Santa Clarita
PAYMENT RECIPIENT:
Steve Stark, Director of Finance
ADDRESS:
23920 West Valencia Blvd., Suite 304
Santa Clarita, CA 91355
SEND CHECK TO:
Steve Stark, Director of Finance
Name and Title
REQUEST PAYMENT AND RESERVES:
AMOUNT
Payment from FY 1994-95 Funds $ 2,629,721
Payment from Prior -Year Reserves $ -0—
TOTAL PAYMENT REQUESTED $ 2,629,721
Reserve for Future Payment
CONDITION OF APPROVAL; Approval of
this claim and payment to 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.
$ —0—
AUTHORIZED SIGNATURE
Steve Stark, Director of Finance
Print Name and Title
February 28, 1995
Date
LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY
TDA ARTICLE S REVENUE- AND EXPENSE FORM
CLAIMANT: City of Santa Clarita
TDA ARTICLE S REVENUES & EXPENSES OF CLAIMANT
FY 1993-94 FY 1994-95
Estimated Proposed
Beginning of Year Balance
1)
10,660,522
10,445,339
Rm,nue-
IntergovernmentalAllocations
2)
2,315,037
2,629,721
Interest
3)
400,248
134,000
TOTAL REVENUE (sum of lines 2 & 3)
4)
2,715;285
2,763,721
Expenditures:
Refunds to LTF Account
5)
_0
Construction/Maintenance
6)
2,930,468
10,162,353
TOTAL EXPENDITURES (sum of lines 5 & 6)
7)
2,930,468
End of Year Balance
S)
10,445,339
3,046,707
(Line 1 phis 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
RESOLUTION NO. 95-7
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA CLARITA, CALIFORNIA,
APPROVING THE APPLICATION FOR THE PROVISION
OF PUBLIC TRANSPORTATION SERVICES AND/OR
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
its Transportation Department provision of public transportation in the City of Santa Clarita; and
WHEREAS, the City of Santa Clarita desires to use its portion of its allocation of
Transportation Development Act fund for the provision of public transportation services.
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,
PASSED, APPROVED AND ADOPTED this day of 1995.
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES j SS
CITY OF SANTA CLARITA )
I, Donna M. Grindey, City Clerk, do hereby certify that the foregoing Resolution was duly adopted
by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the
day of , 19_, by the following vote of the Council:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
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