AgdaPkt 2015-06-22 Interview and Joint SA PFA

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ATTACHMENT 1 ATTY/RESO.3102/CC RESO 101/WOODSIDE INTERCHANGE PROJECT REV: 06-15-15 VR Page 2 of 3 WHEREAS, it will cost $3,900,000 (in addition to the previously reported value for design) to implement the increased design phase of the PROJECT and $32,000,000 to implement the right of way acquisition and certification activities of the PROJECT, or the sum total of $35,900,000 for the PROJECT; and WHEREAS, the City wishes to sponsor the implementation of the PROJECT; and WHEREAS, the City seeks $14,060,000 in San Mateo County Measure A Highway Program funds for the PROJECT; and WHEREAS, on June 7, 1988, the voters of San Mateo County approved a ballot measure to allow the collection and distribution by the TA of a half-cent transactions and use tax in San Mateo County for 25 years, with the tax revenues to be used for highway and transit improvements pursuant to the Transportation Expenditure Plan presented to the voters (Original Measure A); and WHEREAS, on November 2, 2004, the voters of San Mateo County approved the continuation of the collection and distribution by the TA the half-cent transactions and use tax for an additional 25 years to implement the 2004 Transportation Expenditure Plan beginning January 1, 2009 (New Measure A); and WHEREAS, the TA issued a Call for Projects for the Measure A Highway Program funds on May 8, 2015, and WHEREAS, the TA requires a governing board resolution from the City in support of the City’s application for $14,060,000 in San Mateo County Measure A Highway Program funds for the PROJECT; and WHEREAS, the TA requires a governing board resolution from the City committing the City to the completion of the PROJECT. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AS FOLLOWS: RESOLVED that the City is authorized to submit an application for San Mateo County Measure A Highway funds for $14,060,000 for the PROJECT; and be it further 7.3.A. - Page 6