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Resolution No. 4216442 RESOLUTION NO. 4216 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS REQUESTING THE ORANGE COUNTY TRANSPORTATION AUTHORITY TO ALLOCATE COMBINED TRANSPORTATION PROGRAM FUNDS FOR VALLEY VIEW STREET BETWEEN SR -22 AND ARTESIA BOULEVARD WHEREAS, the Orange County Transportation Authority approved a Combined Transportation Funding Program (CTFP) for Fiscal Year 1992 -93; and WHEREAS, the program includes $420,982 in Fiscal Year 1992 -93 for a traffic signal interconnect project on Valley View Street between SR -22 and Artesia Boulevard; and WHEREAS, the City of Cypress has adopted a General Plan Circulation Element which does not preclude implementation of the MPAH within its jurisdiction; and NOW, THEREFORE, BE IT RESOLVED that the City of Cypress hereby requests the Orange County Transportation Authority allocate $229,377 of CTFP from the Growth Management Area Program for construction of said project to the City. This request is in conformance with the CTFP allocation process and does not exceed ninety (90) percent of the programmed amount or ninety (90) percent of the design /construction contracts. BE IT FURTHER RESOLVED that the City of Cypress agrees to fund its share of the improvement costs of the above indicated fiscal year and any additional costs over the identified programmed amount. BE IT FURTHER RESOLVED that the City of Cypress has awarded the design contract for the project on February 8, 1993, for $104,355. BE IT FURTHER RESOLVED that the City of Cypress has awarded the construction contract for the project on June 14, 1993, for $265,939.35. BE IT FURTHER RESOLVED that the City of Cypress has: 1) designed the project improvements, and 2) completed required preparatory work in accordance with the standards required by the City and other affected jurisdictions involved with said project. BE IT FURTHER RESOLVED that the remaining ten (10) percent in CTFP funds will be transferred to the City of Cypress when construction os completed and a Final Report on the project is accepted by the Orange County Transportation Authority. The City of Cypress agrees to submit the final report to the Orange County Transportation Authority within one hundred twenty (120) days after the City's acceptance of the improvements. PASSED AND ADOPTED by the City Council of the City of Cypress at a regular meeting held on the 12th day of July, 1993. ATTEST: CITY CLE OF Th E CITY OF CYPRESS /Y- MAYOR OF THE C CYPRESS 443 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 12th day of July, 1993, by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Bowman, Nicholson, Partin and Kerry NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Age CITY CLE OF THF,iCITY OF CYPRESS