I. RECOMMENDATION:
City Council Approve Resolution No. 4026 Approving a List of Projects to be Funded by SB 1: The Road Repair and Accountability Act and Further Authorizing a Budget Expense in the Amount of $353,505 to Execute the List of Projects Funded by SB 1 in the 2021/2022 Fiscal Year
II. BACKGROUND:
Senate Bill 1 (SB 1), the Road Repair and Accountability Act of 2017 (Chapter 5, Statutes of 2017) was passed by the Legislature and Signed into law by the Governor in April 2017 in order to address the significant multi-modal transportation funding shortfalls statewide. The new transportation bill will generate $54 billion over the next decade, split between state and local agencies.
III. DISCUSSION:
SB 1 includes accountability and transparency provisions that will ensure the residents of our City are aware of the projects proposed for funding in our community and which projects have been completed each fiscal year. The City must include a list of all projects proposed to receive funding from the Road Maintenance and Rehabilitation Account (RMRA), created by SB 1, in the City budget, which must include a description and the location of each proposed project, a proposed schedule for the project’s completion, and the estimated useful life of the improvement.
The City is expected to receive $353,505 in RMRA funding in Fiscal Year 2021/2022 from SB 1 and is recommending using the funds and future funds for the City's annual road repair and maintenance efforts through completing the following projects:
- Sunset Street from Polk Street to Washington Street
- Fresno Street
- 7th Street between Elm Ave and Forest Street
IV. ALTERNATIVES:
None - this action is required under SB 1 in order to utilize the finding allocated to the City of Coalinga.
V. FISCAL IMPACT:
The City is expected to receive an estimated $353,505 from the Road Maintenance And Rehabilitation Account funds to support the City's annual road and rehabilitation efforts. This new funding must be used on street related project implementation. | | |