HomeMy WebLinkAbout2002-10-22; City Council; Resolution 2002-3091
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RESOLUTION NO. 2002-309
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, APPROPRIATING FUNDS FOR THE
DESIGN AND CONSTRUCTION OF THE CANNON ROAD AND
CAR COUNTRY DRIVE TRAFFIC SIGNAL, PROJECT NO. 3906.
WHEREAS, the City Council of the City of Carlsbad, California, has determined it
lecessaty, desirable, and in the public interest to construct a traffic signal at the intersection of
>annon Road and Car Country Drive, the "Project"; and
WHEREAS, the Project was ranked second in the City of Carlsbad 2002 Traffic Signal
Zualification List; and
WHEREAS, the estimated cost for the Project is $125, 000; and
WHEREAS, the May 9, 1988 Traffic Signal Improvement Agreement between the City of
:arkbad and the Carltas Development Company requires the developer to contribute $92,000
Dward the cost of the traffic signal; and
WHEREAS, the required contribution of $92,000 has been received by the City; and
WHEREAS, funds in the amount of $125,000 are available in the General Capital
:onstruction Fund (GCC) for the design and construction of this traffic signal.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad,
lalifornia, as follows:
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That the above recitations are true and correct
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2. The Finance Director is hereby authorized to appropriate $125,000 from the
General Capital Construction Fund (GCC) to the traffic signal project account and to increase the
budgeted revenues by $92,000.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council
held on the 22nd day of OCTOSER , 2002 by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Finnila, Nygaard, Hall
4TTEST:
Page 2 of 2 of Resolution No. 2002-309
(SEAL)