HomeMy WebLinkAbout1993-05-11; City Council; Resolution 93-1390 0
1 RESOLUTION NO. 93-139
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSB,
CALIFORNIA, APPROVING THE LOAN OF TRANSNET LOCAL FUNDS FOR 7
CONSTRUCTION OF CERTAlN INTERCHANGE IMPROVEMENTS A
APPROVING PROJECTS FOR THE 1993 REGIONAL TRANSPORTATI
IMPROVEMENT PROGRAM, APPROVING A LOAN AGREEMENT WITH THE E
DIEGO ASSOCIATION OF GOVERNMENTS, AND CANCELING LC
AGREEMENT FOR FUNDING THE PALOMAR AIRPORT ROAD INTERSTAT
INTERCHANGE.
7 11 WHEREAS, the City Council of the City cf Carlsbad determines it is necessary
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and in the public interest to construct improvements to interchanges on Interstate 5 E
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Avenue and Poinsettia Lane; and
WHEREAS, funding from the Bridge and Thoroughfare Benefit District and (
12 ll Facilities District (CFD) No. 1 will be received over a long period of time and Counci
13 accelerate the construction of these interchange improvements; and
14 WHEREAS, the City Council desires to use TransNet Local sales tax funds on a
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basis for the construction of improvements located at the La Costa Avenue and Poin?
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WHEREAS, the City Council wishes to enter agreements with the San Diego P 18
and CFD No. 1 funds; and 17
interchanges with Interstate 5, said funds to be repaid from future Bridge and Thoroq
of Governments to provide bond funding to tccelerate project construction; and
2o ! WHEREAS, the City Council no longer has need for similar funding agreeme
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Palomar Airpod Road - Interstate 5 interchange improvements;
NOW, THEREFORE, BE IT RESOLVED by Ihe City Council of the City of
California, as follows;
1. That the above recitations are true and correct.
2. That the City Council hereby approves the use of TransNet Local sales
made available over the fiscal years 1992 through 1999 to be loaned for the improver
28 Interstate 5 interchanges at La Costa Avenue and Poinsettia Lano to be repaid from
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Federal Funds. 2
collected from the Bridge and Thoroughfare Benefit District, tax revenues from CFD
3 il 3. That the City Council also hereby approves the inclusion of the Ir
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interchanges at La Costa Avenue and Poinsettia Lane in the 1992-1 999 Regional Trar
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Improvement Program (RTIP) as shown on Table 1, attached hereto and made a pa
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4.. That the City Council hereby requests that the SANDAG Board approve th
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funding and the project list and include them in the Regional Transportation Im
9 Program (RTIP) as shown on Table 1.
10 ll 5. That the City Council hereby authorizes the Mayor to execute the Agreemel
11 ll the San Diego Association of Governments acting as the San Diego County
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13 Poinsettia Lane and La Costa Avenue116 Interchange Projects.
Transportation Commission and the City of Carlsbad for a Loan of TransNet fun
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6. That the City Council hereby authorizes the cancellation of the agreemer
the San Diego Association of Governments for a loan of TransNet Funds for the Palor
Road/ld Interchange.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad C
held on the 11th day of MAY , 1993 by the following vote, to wit:
AYES: Council Members Lewis, Stanton, Kulchin, Nygaard, Finni:
NOES: None
ABSENT: None
ATEST:
ALETHA L. RAUTENKRANZ, City Clerk )
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(SEAL)
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