HomeMy WebLinkAboutCC Res 3463 1985-03-11
RESOLUTION NUMBER ~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH
SUPPORTIt~SB 429 (SEYMOUR) AND THE CREATION OF AN ORANGE
COUNTY UNIFIED TRANSPORTATION TRUST FUND
WHEREAS, the City of Seal Beach has street and road maintenance,
construction, and operations needs for exceeding the
resources presently available; and
WHEREAS, in the aftermath of the defeat of Proposition A, there
is no single local source of revenue to help finance
the transportation improvements needed throughout Orange
County; and I
WHEREAS, the best short-term financial option appears to be the
re-examination of existing resources to maximize the
transportation benefits accruing to the county; and
WHEREAS, $85 million hs been reserved in the Local Transportation
Fund by the Orange County Transit District and the Orange
County Transportation Commission to help pay for a future
rapid transit system; and
WHEREAS, there is a need to both ease today's transportation
problems as well as save for a future capital investment
in transit; and
WHEREAS. the Orange County Transportation Commission has proposed
that the interest earned on the $85 million reserved,
estimated to be $8.5 to $9.0 million per year, be deposited
in a newly created Orange County Unified Transportation
Trust Fund and spent on local streets and roads, arterial
highways and other freeway-related transportation purposes;
and
WHEREAS, state legislation is required to allow the interest on this
fund to be used for streets and roads, arterial highways,
and other freeway-related transportation purposes; and
WHEREAS, the Orange County Transportation Commission is developing
spending guidelines for the Orange County Unified Transporta- I
tion Trust Fund in consultation with the twenty-six cities
and the County of Orange; and
WHEREAS, the City of Seal Beach will be eligible to receive funds from
the Orange County Unified Transportation Trust Fund to help
pay for needed transportation projects.
NOW, THEREFORE BE IT RESOLVED that the City of Seal Beach endorses the
creation of an Orange County Unified Transportation Trust Fund for
local streets and roads, arterial highways. and other freeway-related
transportation purposes; and
BE IT FURTHER RESOLVED that the City of Seal Beach supports SB 429 (Seymour)
which would allow the interest on the $85 million reserved in Orange County's
Local Transportation Fund to be used for these purposes.
PASSED, APPROVED AND ADOPTED~ the City C~il of ~he City of Seal Beach
at a meeting held on the - day of ~ ' 1985 by the
following vote:
AYES:
NOES:
ABSENT:
Councilmember
Council members
Councilmembers
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Ci ty of Seal Bea ..j.ifo'l"Z ~ hereby
is the original c ion
the City Clerk, pass ,approved and
of Seal Beach at a regular meeting
, 1985.
I
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne Yeo, the City Clerk of the
Verify~the foregoing resolution
Number 3 on file in the office
adopted y the City CopPEil of the C
th~of held on the ~ day of
rJf,......JJl f2
i Y Clerk