HomeMy WebLinkAbout1997-12-09 - AGENDA REPORTS - FUNDS FOR NEWHALL METROLINK ST (2)CITY OF SANTA CLARITA
AGENDA REPORT
CONSENT CALENDAR
DATE: December 9; 1997
City Manager Approval:
Item to be presented by: 'Ron Kilcoyne
SUBJECT: ALLOCATION OF FUNDING FOR NEWHALL METROLINK STATION
DEPARTMENT: Transportation & Engineering Services
RECOMMENDED ACTION
City Council approve allocation of $242,679 in AB 2766 Subvention Funds to the construction of
the Newhall Metrolink Station, account number 52001/203.
BACKGROUND
The City receives an annual formula allocation of State Motor Vehicle Registration Fee Subvention
Funds, commonly referred to as "AB 2766 Subvention Funds." These funds must be used for
projects which improve air quality through emissions reductions. Historically, the annual allocation
has been used for such projects as the.Employee Rideshare Program and the acquisition of the
Princessa Metrolink Station property.
Currently, the South Coast Air Quality Management District (AQMD) is offering a program known
as "The Local Government Subvention Fund Match Program." This program offers to co -fund
eligible projects which the City finances with AB 2766 Subvention Funds, up to 25%.
The City's current fund balance for AB 2766 is $107,029, and the fiscal year 1997/98 allocation for
AB 2766 is $135,650, totaling $242,679. By allocating this total amount to the construction of the
Newhall Metrolink Station, AQMD will consider providing $60,670 in matching funds.
An application proposing the above allocation has been submitted and reviewed by AQMD staff.
Preliminary indications are extremely favorable. However, final approval requires City Council
action which allocates the AB 2766 funds to the project.
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A PIP, I ON V EP I
ALLOCATION OF FUNDING FOR
NEWHALL METROLINK STATION
December 911997 - Page 2
ALTERNATIVE ACTIONS
1. The City forego the opportunity to obtain additional AQMD funds amounting to $60,670, and
utilize Proposition C Local Return funds as originally planned.
2. Other action as determined by the City Council.
The fiscal impact of the allocation of AB 2766 funds to the construction of the Newhall Metrolink
Station will result in a savings of $60,670 in Proposition C Local Return funds.
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