AgdaPkt 2017-12-04 Joint SA PFA - Laserfiche WebLink

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6.3.A. - Page 5 WHEREAS, in 2015, the City applied for $14,060,000 in Measure A funds, includ- ing $10,550,000 in right-of-way acquisition funds, and the City proposed to contribute the Contributed Property as matching funds for such right-of-way acquisition; and WHEREAS, only $1,000,000 in right-of-way acquisition funds were granted by the TA to City in response to the 2015 application, and the City did not commit the Contributed Property as matching funds, which is reflected in the Funding Agreement entered by the City and the TA with respect to the 2015 Measure A Funds; 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 of 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 October 9, 2017; and WHEREAS, the TA requires a governing board resolution from the City in support of the City's application for $20,000,000 in San Mateo County Measure A Highway Program funds for the ROW ACQUISITION; and WHEREAS, the TA requires a governing board resolution from the City committing the City to the completion of the ROW ACQUISITION; and WHEREAS, if the TA Board awards Measure A Highway Program funds for the ROW ACQUISITION, the TA will require that the City commence work on the ROW ACQUISITION within one year of TA Board action. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AS FOLLOWS: RESOLVED that the City Manager or designee is authorized and directed to exe- cute and submit an application for TA Measure A Highway Program funds for $20,000,000 for the ROW ACQUISITION; and be it further RESOLVED that the City Manager or designee is authorized to execute a funding agreement with the San Mateo County Transportation Authority for the City to encumber any Measure A Highway Program funds awarded; and be it further ATTY/RESO.105/CC RESO WOODSIDE MEASURE A FUNDING REV: 11-29-17 JS Page 2 of 3