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Resolution No. 4460 265 RESOLUTION NO. 4460 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS REQUESTING THE ORANGE COUNTY TRANSPORTATION AUTHORITY TO ALLOCATE COMBINED TRANSPORTATION PROGRAM FUNDS FOR CERRITOS AVENUE BETWEEN VALLEY VIEW STREET AND WALKER STREET, PUBLIC WORKS PROJECT NO. 9303. WHEREAS, the Orange County Transportation Authority approved a Combined Transportation Funding Program (CTFP) for fiscal year 1994-95; and WHEREAS, the program includes $101,695.00 in fiscal year 1995 for a pavement rehabilitation project on Cerritos Avenue between Valley View Street and Walker Street; and WHEREAS, the City of Cypress has adopted a General Plan Circulation Element which does not preclude implementation of the MPAH within its jurisdiction. NOW, THEREFORE, BE IT RESOLVED that the City of Cypress, hereby requests the Orange County Transportation Authority allocate $101,695.00 of CTFP funds from the Arterial Highway Financing 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 construction contract. BE IT FURTHER RESOLVED, that the City of Cypress, agrees to fund the costs of the improvements of above indicated project with the Orange County Transportation Authority to reimburse the City of Cypress for its share of said improvements when the AHFP funds become available. BE IT FURTHER RESOLVED, that the City of Cypress, has awarded the contract for the project on March 27, 1995, for $126,012.49. 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 ten(10) percent in CTFP funds will be transferred to the City of Cypress when construction is 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 27th day of March, 1995. MAYOR THE OFCITY OF CYPRESS ATTEST: CITY CLERK OF HE CITY OF CYPRESS 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 27th day of March, 1995, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Bowman, Carroll, Jones, Kerry and Age NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None CITY C ERK 0 THE CITY OF CYPRESS