HomeMy WebLinkAbout1991-02-19; City Council; 11025; APPROVAL OF AGREEMENT FOR SALE OF AVAILABLE COMBINED ROAD PLAN APPORTIONMENT FUNDSi
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CIW OF CARLSBAD - AGEN~ BILL @/I-,< 5- $3
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CITY A' MTG. 2/19/91
DEPT. ENG:MP CITY M
RECOMMENDED ACTION:
Adopt Resolution No. ?//gfl approving an agreement with the San
Clara County Traffic Authority for the sale of available City
Carlsbad Combined Road Plan Apportionment (CRP) funds.
ITEM EXPLANATION:
The City's current balance of Combined Road Plan Apportionme (CRP) funds totaling $138,449.00 is presently available for 0th qualified uses. These funds, formally referred to as Federal A
Urban (FAU) funds, are annual entitlements fromthe Federal Highw
Administration administered to local agencies through the State
California, Department of Transportation (CALTRANS). The City
allocation of CRP funds for the period through 1992 were utili2
to fund the construction of improvements to Carlsbad Boulevar
south of the Agua Hedionda bridge to Tierra del Oro. This proje
was completed in early 1990.
Because of the difficulty, complexity, and administrative costs .
utilizing CRP funds through CALTRANS for otherwise qualific
projects, many agencies with small fund balances are making the:
funds available to other agencies with large projects which mal
the use of CRP funds more attractive. In 1989, the City (
Carlsbad purchased CRP funds from the City of Vista at a discoui of 80% and utilized the CRP funds for the Carlsbad Boulevai improvement project. The City does not have any current qualific projects to be able to utilize the $138,449.00 fund balance of C1
funds. CALTRANS, District 11 in San Diego, has indicatc previously that the Santa Clara County Traffic Authority has bec
in the market for some time purchasing available CRP funds from ad
agencies in the State to apply to the Authority's on-goir
transportation improvement projects. The attached agreemer reflects the proposed purchase of Carlsbad' s available CRP fur balance by the Authority at the discount rate of 80%. Func received from the Authority totaling $110,759.00 are unrestrictc and may be utilized by Carlsbad for any highway construction c maintenance project. Staff recommends approval of the attachc agreement.
FISCAL IMPACT:
The proposed agreement between the City of Carlsbad and the Sant Clara County Traffic Authority includesthe Authority's purchase c
$138,449.00 of Carlsbad CRP funds for $110,759.00 of Authorit unrestricted funds. In 1989, Carlsbad purchased Vista CRP funds a a discount rate of 80%. In some respect, the proposed curren exchange of CRP funds could be viewed as a pass-through at a
equivalent discount rate of the Vista funds purchased by Carlsba
in 1989.
TITLE: APPROVAL OF AGREEMENT FOR SALE OF
AVAILABLE COMBINED ROAD PLAN
APPORTIONMENT FUNDS
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Page 2 of Agenda Bill No. /$/a3H *
EXHIBITS :
1. Resolution No. %-58 approving an agreement with the Sar
2. Carlsbad and Authority agreement.
Clara County Traffic Authority for CRP funds.
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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 unoblic
Combined Road Plan Funds is advantageous to the City of Carl:
and
WHEREAS, the City of Carlsbad' s Unobligated Balanc
Combined Road Plan Funds is approximately $138,449; and
WHEREAS, the City of Carlsbad has been advised b!
State of California Department of Transportation that se
agencies are offering to purchase Federal Aid Urban Funds i
exchange rate of Eighty Percent (80%), and that the Stat
California Department of Transportation will be acting
brokerage clearing house for Combined Road Plan Apportionmen
NOW, THEREFORE, BE IT RESOLVED:
1. That an agreement with the Santa Clara County Tr
Authority for the exchange of CRP funds for unrestricted fun
hereby approved and the Mayor and City Clerk are authorizc
execute said agreement.
2. Following the execution of said agreement, copies c
agreement duely certified shall be sent to the Santa Clara C
Traffic Authority, attention Elizabeth A. French, Administra
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I
gy Drive, Suite 224, San I
of California Departmer
ion Mr. Gene Marshall, P.0
PASSED, APPROVED AND ADOPTED at a regular meeting o
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AYES: Council Members Lewis, Kulchin, Larson, Nygaard and
NOES: None.
ABSENT : None.
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AGREEMENT FOR ASSIGNMENT OF
COMBINED ROAD PLAN APPORTIONMENT (CRP)
BETWEEN THE CITY OF CARLSBAD AND
THE SANTA (=LARA COUNTY TRAFFIC AUTHORITY
This agreement is made and entered into thiseay of * ,1991
by and between the City of Carlsbad, hereinafter referred to as "City", and he Santa Clari
County Traffic Authority, hereinafter referred to as ttAuthority".
WITNESSETH:
WHEREAS, City wishes to assign $138,449.00 of its approved allocation o
Combined Road Plan Apportionment (CEU?) funds to Authority in exchange for eightJ
percent (80%) of that amount in funds that may be used for any transportation-relate(
purpose; and
WHEREAS, the Authority wishes to accept said assignment for use on i
transportation project which qualifies for CEU? funding; and
WHEREAS, the CRP funds are discounted to Authority because of expenditurc
restrictions and increased administrative costs associated with using said funds; and
WHEREAS, Title 23, Section 104 of the United States Code provides apportionmen
for Federal-aid Systems; and
WHEREAS, Section 137 of the 1987 Surface Transportation and Uniform Relocatior
Assistance Act established the Combined Road Plan Demonstration Program (CRP); and
WHEREAS, the State of California, Department of Transportation (CALTRANS)
elected to participate in said CRP Program as per agreement with the Federal Highwaj
Administration (FHWA) dated February 30, 1989; and
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WHEREAS, said CW agreement combines all Urban, Secondary, and Non-primarq
bridge funds into a single CRP fund pool; and
WHEREAS, Chapter 647, State Statutes, 1990, authorizes the enactment of the CW
and its operating policy and procedures; and
WHEREAS, said operating policy and procedures allow CRP funds to be transferred
between local agencies with the approval of the appropriate local officials; and
WHEREAS, the Authority and City consider this assignment and exchange as fair and
equitable treatment under the CRP program.
NOW, THEREFORE, it is mutually agreed between the parties to this agreement as
follows:
1.
2.
City agrees to transfer $138,449.00 of its CRP fund apportionment to Authority.
Authority agrees to transfer $110,759.00 to City within thirty (30) calendar days
of notification of the actual transfer of the funds in Item 1 above by the State of
California Department of Transportation (CALTRANS).
City agrees to use the funds received from Authority for transportation-related
purposes.
3.
SANTA CLARA COUNTY TRAFFIC AUTHORITY
Will Kempton, Executive Director
Santa Clara County
Traffic Authority