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Home My WebLink About1989-02-21; City Council; 9872; Proposition A (Tax) 5-yr transportation programCARLSBAD — MTG. 2/21/89 PEPT. rMg TITLE: PROPOSITION A (SALES TAX) 1989 FIVE- YEAR REGIONAL TRANSPORTATION IMPROVEMENT PROGRAM (PUBLIC HEARING) CITYATTYJ CITY o£ RECOMMENDED ACTION: Adopt Resolution No. /^>-JrV approving the use of Proposition A sales tax money for the construction of improvements to the Palomar Airport Road and La Costa Avenue interchanges on Interstate 5 and including them and the Poinsettia Lane/Interstate 5 interchange in the Regional Transportation Improvement Program (RTIP). ITEM EXPLANATION: Proposition A requires that each local agency hold a public hearing prior to the approval of any projects which will use Proposition A sales tax money. SANDAG requires that such projects be included in the RTIP and th:+ submittals be sent to them not later than February 17, 1989. Last year Council at staff's recommendation, appropriated all Proposition A funds for the next five years to the Palomar Airport Road/Interstate 5 interchange and all Bridge and Thoroughfare funds to the La Costa Avenue/Interstate 5 interchange. However, it appears there may be insufficient Bridge and Thoroughfare fees in the next five years to construct the La Costa Avenue interchange. Therefore, staff recommends that La Costa Avenue also be included for Proposition A funds. This also provides the maximum funding flexibility for both projects. Staff is proposing that the Proposition A funds received in the next five years be committed to these two projects as a loan. This money will be paid back in future years as the Bridge and Thoroughfare fees continue to be collected. Once paid back this Proposition A money will be available for other projects. If Community Facilities Districts are formed to fund these interchanges, the need for a loan of Proposition A funds may reduced or eveneliminated. The third 1-5 Interchange in the Bridge and Thoroughfare district is at Poinsettia Lane. Staff recommends that this project be included in the five-year RTIP, but with no funding from Proposition A. The projects and cost estimates are shown on the Project Information Form attached to the resolution as Exhibit A. FISCAL IMPACT: The Bridge and Thoroughfare Benefit [^strict was formed to generate sufficient funds to improve the three interchanges. However, since the funds will be collected over a 30 to 40 year period to buildout, it was anticipated that other funding - such as a loan or assessment district - would be required to provide the cash flow to construct the improvements early. Approval of Proposition A funds for the two interchanges means that no money from this source will be available for other projects for the first five PAGE 2 OF AGENDA BILL NO years. However, the formation of a Community Facilities District or sale of bonds by SANDAG may permit other Proposition A projects at an earlier time. EXHIBITS: 1. '' Location Map. 2. '' Resolution No. ffl-J"^ approving the use of Proposition A sales tax money for the construction of improvements to the Palomar Airport Road and La Costa Avenue interchanges on Interstate 5 and including them and the Poinsettia Lane/Interstate 5 interchange in the Regional Transportation Improvement Program. (RTIP/Proposition A - Project Information Form Attached.) LOCATION MAP VICMTYMAP NTS. PROJECT NAME CITY/CALTRANS 1-5 OVERPASSES 1 RESOLUTION NO. 89"54 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, 3 CALIFORNIA APPROVING THE USE OF PROPOSITION A SALES TAX MONEY FOR THE CONSTRUCTION OF CERTAIN INTERCHANGE IMPROVEMENTS AND 4 APPROVING PROJECTS FOR THE 1989 REGIONAL TRANSPORTATION IMPROVEMENT PROGRAM. 5 g WHEREAS, the City Council of the City of Carlsbad determines it is 7 necessary, desirable and in the public interest to construct improvements to 3 interchanges on Interstate 5 at Palomar Airport Road, La Costa Avenue and 9 Poinsettia Lane; and 10 WHEREAS, funding from the Bridge and Thoroughfare Benefit District will 11 be received over a long period of time and Council wishes to accelerate the 12 construction of these interchange improvements; and 13 WHEREAS, the City Council desires to use Proposition A sales tax funds 14 on a temporary basis for the construction of improvements located at the Palomar 15 Airport Road and La Costa Avenue interchanges with Interstate 5, said funds to 16 be repaid from future Bridge and Thoroughfare fees; 17 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of 18 Carlsbad, California as follows: 19 1. That the above recitations are true and correct. 20 2. That on February 14, 1989 a noticed public hearing on this 21 matter was held and testimony from the public heard. 22 3. That the City Council hereby approves the use of Proposition A 23 sales tax funds generated over the fiscal years 1988 through 1993 to be loaned 24 for the improvement of the Interstate 5 interchanges at Palomar Airport Road and 25 the La Costa Avenue to be repaid from future fees collected from the Bridge and 26 Thoroughfare Benefit District. 27 4. That the City Council also hereby approves the inclusion of the 28 Interstate 5 interchanges at Palomar Airport Road, La Costa Avenue and Poinsettia Lane in the 1989 Regional transportation Improvement Program (RTIP) as shown on Table 1, Exhibit A attached hereto and made a part hereof. 2 5. That the City Council hereby requests that the SANDAG Board ' approve the Proposition A funding and the project list and include them in the 4 Regional Transportation Improvement Program (RTIP) as shown on Table 1. 5 6. That the City Council supports the concept of a bond sale and encourages SANDAG to approve the sale of bonds in order to accelerate Proposition 7 A projects. 8 PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City 9 Council held on the 21st day of February .1939 by the following vote, to 10 wit: 11 12 AYES: Council Members Lewis, Kulchin, Pettine, Mamaux and Larson 13 NOES: None 14 !ABSENT: None 15 16 17 18 fSEAL) KAREN R. KUNDT'Z, Deputy City Clerk 19 20 21 22 23 24 25 26 27 28 I -3-inl ON OO dZ co OM £ O XUl Ioc cei (N I CO< u C 3 4 _cE .u 8 (2 I fr = * a «- .: 1u. V C Ua. *i v J . 8-« & 8 2u a W U).8 a. « *a 1 <U Ik UJ ^< 0H- * s 1C III Project Description C Coment(Location t Type of Work)If a. 00 M00 iTi Oo oOO in 0 0O COa- a1 *in UIU -. Min Q. 2 ITS5 </»Palomar Airport Road/Intersinterchange. Widen bridge,and roadway approaches; intraffic signals at ramps.^ OO CO OO CT 0 0^3 O^a1 r» (N 0roo ("1 0 0o tsa- eo *in UJ U ^ Q. E =ro nj in in La Costa Avenue/ Interstateinterchange. Widen bridge,and roadway approaches; intraffic signals at ramps.(S OO 00oo en 0 0o r-»a- ro in 0 00 1-a- ro*in UJ U <-, *- C Jj-<u re *t;*j (0 •— Q.** in E —03 19Q) U *•>4-> V) 2 a>-.- Q) "O (/) i|i| •^ 3 a£ IM (0 ^rf ffl '§ j= 8 .?Q. u i_ in M * * U. 5- • • I.IIi k!o </> .. ifIjI!