HomeMy WebLinkAbout1991-02-19; City Council; Resolution 91-50.c
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RESOLUTION NO. 91-50
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA, AUTHORIZING THE
EXCHANGE OF CARLSBAD'S UNOBLIGATED COMBINED
ROAD PLAN ENTITLEMENT
WHEREAS, the sale of the City of Carlsbad's unobli
Combined Road Plan Funds is advantageous to the City of Carl
and
WHEREAS, the City of Carlsbad' s Unobligated Balar
Combined Road Plan Funds is approximately $138,449; and
WHEREAS, the City of Carlsbad has been advised k
State of California Department of Transportation that SE
agencies are offering to purchase Federal Aid Urban Funds
exchange rate of Eighty Percent (80%), and that the Sta
California Department of Transportation will be acting
brokerage clearing house for Combined Road Plan Apportionmei
NOW, THEREFORE, BE IT RESOLVED:
1. That an agreement with the Santa Clara County T:
Authority for the exchange of CRP funds for unrestricted fui
hereby approved and the Mayor and City Clerk are authoriz
execute said agreement.
2. Following the execution of said agreement, copies
agreement duely certified shall be sent to the Santa Clara
Traffic Authority, attention Elizabeth A. French, Administr
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PASSED, APPROVED AND ADOPTED at a regular meeting I
AYES: Council Members Lewis, Kulchin, Larson, Nygaard and
NOES: None.
ABSENT : None.