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Resolution No. 6027460 RESOLUTION NO. 6027 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, SUPPORTING SB 286, $1 BILLION STATE BUDGET ALLOCATION OF PROP 1B FUNDS FOR LOCAL STREETS AND ROADS TO CITIES IN FISCAL YEAR 2007 -08 WHEREAS, the voters of California passed Proposition 1B ($19.9 billion transportation bond) in November 2006, which allocates $2 billion to split among cities and counties to improve local streets, roads and other priority local transportation projects; and WHEREAS, cities such as Cypress have a need for Proposition 1B funds to begin work on local traffic safety repairs, congestion relief, fixing crumbling roads, improving mass transit and other local transportation improvement projects. Early allocation of these funds will allow projects to get underway immediately and will prevent unnecessary delays; and WHEREAS, current discussions at the State budget subcommittee level include recommendations to lower the allocation of Proposition 1B funding to cities by as much as 80 %; and WHEREAS, cities realize that an untimely or inadequate allocation of Proposition 1B funding this year would unnecessarily cause project delays of up to one year and limit the construction of many mid- and large -sized projects that are otherwise ready to go, therefore, cities support the full funding allocation of $1 billion; and WHEREAS, SB 286 (Lowenthal and Dutton) has recently been introduced and provides for the allocation of the full $2 billion in general obligation bond funds authorized by Proposition 1B ($1 billion to cities and $1 billion to counties), and this measure also provides for a statutory framework for distribution of these funds; and WHEREAS, cities will not receive any Prop 42 (gasoline sales tax) funds for local streets and roads during the 2007 -08 year and Proposition 1B funds will allow projects already underway to continue without interruption; and WHEREAS, the City of Cypress believes that local streets and roads are a critical component to creating a seamless transportation network, the mobility of California residents, the transport of goods and services, and the strength of our economy; and NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Cypress hereby supports SB 286 while simultaneously urging the legislature and governor to appropriate $1 Billion in Proposition 1B Funds out of the 2007 -08 State Budget to fund vital local street and road repairs in California cities. PASSED AND ADOPTED, by the City Council of the City of Cypress at a regular meeting held on the 25th day of June, 2007. D ncil Member LEROY ILLS, Council Member Leafra. VaA. thAA.% A4440 SH NARAIN .D., Council Member L • RE, . iayor Pro Tem PHIL LUEB EN, Mayor ATTEST: ptiuxt, ,.-41:61() CITY CLERK OF THE CITY OF CYPRESS STATE OF CALIFORNIA COUNTY OF ORANGE ss 461 I, DENISE BASHAM, 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 25th day of June, 2007, by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Mills, Narain, Seymore and Luebben NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Bailey ra,h,coL CITY CLERK OF THE CITY OF CYPRESS