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Resolution 15415CITY OF ALAMEDA RESOLUTION NO. 15415 AUTHORIZING THE ACTING CITY MANAGER TO EXECUTE DOCUMENTS NECESSARY TO ACCEPT GRANT FUNDING FROM THE ALAMEDA COUNTY TRANSPORTATION COMMISSION FOR THE CLEMENT AVENUE EAST EXTENSION AND TILDEN WAY PROJECT AND INCREASING THE FISCAL YEAR 2018-19 CAPITAL PROJECTS FUND BUDGET FOR CLEMENT AVENUE AND TILDEN WAY COMPLETE STREETS PROJECT (91820) BY $445,000 FUNDED BY THE GAS TAX FUND AND CONSTRUCTION IMPROVEMENT TAX FUND WHEREAS, in 2016, the Alameda County Transportation Commission (ACTC) issued a Combined Call for Projects for its 2018 Comprehensive Investment Plan (2018 CIP) for fiscal years 2017-18 through 2021-22, totaling $161 million; and WHEREAS, on October 18, 2016, the City Council approved a draft project list of transportation projects to submit to the ACTC Combined Call for Projects for the 2018 CIP and City staff submitted applications for the eight City -led projects on the approved draft project list; and WHEREAS, on April 27, 2017, ACTC approved six of the City of Alameda projects, including the Clement Ave East Extension and Tilden Way Project, totaling $2,019,000 for the planning, environmental and design phases, plus right-of-way acquisition, in FYs 2017-19; and $6,376,000 for the construction phase in FY 2019-20; and WHEREAS, the Project funding for FYs 2017-19 requires a local match of $263,000, which the City allocated in the 2017-2018 Capital Budget, using funds from the Developer Impact Fee Transportation fund; and WHEREAS, the Project includes right-of-way acquisition, and an updated appraisal was conducted in 2018, which showed the appraised value to be $445,000 above the amount included in the grant application, which was based on an earlier appraisal; and WHEREAS, on June 19, 2018, the City Council did adopt an Operating and Capital Budget representing the financial plan for conducting the affairs of the City of Alameda for the Fiscal Year beginning July 1, 2018 and ending June 30, 2019; and WHERAS, staff is proposing the revenue and expenditure budgets for Capital Projects Fund Clement Avenue and Tilden Way Complete Streets Project be increased by $445,000 with funding coming from available fund balance and allocated as follows: $222,500 from the Gas Tax Fund and $222,500 from the Construction Improvement Tax Fund; WHEREAS, the City Council has considered the report and recommendation of the City Manager on this budget amendment and has determined that the budget amendment is both fair and appropriate; and WHEREAS, the City Council has given this budget amendment due consideration as to its projected revenues, anticipated expenditures and available fund balances; and WHEREAS, implementation of the project funded with Measures B and BB funding requires that the City enter into a Project Funding Agreement with ACTC; and WHEREAS, ACTC has a standard form for its Project Funding Agreements. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Alameda that the City: 1. Approves the form of ACTC's template Project Funding Agreement, and 2. Authorizes the City Manager, or designee, as agent to execute and submit all documents including, but not limited to Project Funding Agreement, payment requests and so on, which may be necessary for the completion of the Clement Avenue East Extension and Tilden Way Project, and 3. Approves the budget amendment to the Capital Projects Fund Budget for Clement Avenue and Tilden Way Complete Streets Project for Fiscal Year 2018-19 Budget by increasing revenue and expenditure estimates by $445,000, with funding allocated evenly from the Gas Tax Fund and Construction Improvement Tax Fund. I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 24th day of July 2018, by the following vote to wit: AYES: Councilmembers Ezzy Ashcraft, Matarrese, Oddie, Vella and Mayor Spencer — 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the seal of said City this 25th day of July 2018. Lara Weisiger',ity Clerk City of Alameda Jand C. Kern, City Attorney G" City of Alameda