TO: LINDA REICH, CITY MANAGER
FROM: HYE JIN LEE, PE, DIRECTOR OF PUBLIC WORKS
SUBJECT
title
Road Maintenance and Rehabilitation (SB1) Account Project List for Fiscal Year 2024-25.
end
RECOMMENDATION
Adopt Resolution No. 2024-028 to update the Road Maintenance and Rehabilitation (SB1) Account project list and projected revenues and authorize the City Manager to execute the necessary documents on behalf of the City.
body
FISCAL IMPACT
There are sufficient funds in the adopted FY 2024-25 Operating Budget for these projects.
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above further the City's values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
* Financial Stability
* Responsible Long-Range Planning
Revenue: Click or tap here to enter text.
Expenditure: 3277102-40000-ST251
Transfer In: Click or tap here to enter text.
Transfer Out: Click or tap here to enter text.
BACKGROUND
On April 28, 2017, the Road Repair and Accountability Act of 2017 (SB1) was signed into law by the Governor. On November 1, 2017, the State Controller began the deposit of various portions of this new funding into the newly created Road Maintenance and Rehabilitation Account (RMRA). A percentage of this new RMRA funding will be apportioned by formula to eligible cities and counties pursuant to Streets and Highway Code (SHC) Section 2032(h). Prior to receiving an apportionment of RMRA funds from the State Controller in a fiscal year, a city or county must submit to the California Transportation Commission (CTC) a list of projects proposed to be funded with these funds pursuant to an adopted city or county budget. In addition, the list of projects must also be approved by the City Council via resolution. In compliance with the 2017 Local Streets and Roads Funding, Amended Annual Reporting Guidelines dated October 2017, staff identified and developed the var...
Click here for full text