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Resolution No. 4318294 RESOLUTION NO. 4318 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS REQUESTING THE ORANGE COUNTY TRANSPORTATION AUTHORITY TO ALLOCATE COMBINED TRANSPORTATION PROGRAM FUNDS FOR KNOTT STREET AND CERRITOS AVENUE. WHEREAS, the Orange County Transportation Authority approved a Combined Transportation Funding Program (CTFP) for fiscal year 1993 -94; and WHEREAS, the program includes $8,125.00 in fiscal year 1993 -94 for an Intersection Improvement Program project on Knott Street at Cerritos Avenue; 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 $8,125.00 of CTFP funds from the Intersection Improvement 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 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 contract for the project on June 13, 1994, for $4,900.00. 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 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 Auth9rity 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 13th day of June, 1994. MAYOR OF THE CITY OF CYPRESS ATTEST: CITY CLERK O THE 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 13th day of June, 1994, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Age, Bowman, Kerry, Nicholson, NOES: 0 COUNCIL MEMBERS: None and Partin ABSENT: 0 COUNCIL MEMBERS: None Am/4 4 CITY CLER CITY OF CYPRESS