HomeMy WebLinkAbout1999-10-26 - AGENDA REPORTS - APPLICATION TDA ARTICLE 8 FUND (2)M
AGENDA REPORT
City Manager Approval:
Item to be presented by: Barbara Boswell
CONSENT CALENDAR
DATE: October 26, 1999
SUBJECT: AUTHORIZATION OF APPLICATION FOR TDA ARTICLE 8 FUNDS
FISCAL YEAR 1999-00
DEPARTMENT: Administrative Services
RECOMMENDED ACTION
City Council adopt the Resolution, approving the application for local streets and roads funds,
authorized under Article 8 of the Transportation Development Act.
BACKGROUND
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 1999-2000 fiscal year is $3,522,320.
Staff has prepared a Resolution 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.
ALTERNATIVE ACTION
Other actions as determined by City Council.
FISCAL IMPACT
Receipt of annual TDA Article 8 allocation in the amount of $3,522,320 over 12 monthly
payments of $293,527, budgeted in 1999-2000.
ATTACHMENT
Resolution.
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