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HomeMy WebLinkAboutAGENDA REPORT 2009 0204 CC REG ITEM 10F T Em 100 170 CITY OF IIJO RPAt-.ea, City Council Meeting ACwhl: poq allffle MOORPARK CITY COUNCIL gY: AGENDA REPORT TO: Honorable City Council FROM: Yugal K. Lail, City Engineer/Public Works Director Prepared by: Dave Klotzle, Assistant City Engineer DATE: January 21, 2009 (CC Meeting of 02/04109) SUBJECT: Consider Resolution Amending the Fiscal Year 2008/09 Budget to Appropriate Funds for Design and Construction of a Traffic Signal at Collins Drive and University Drive— Project 8078 BACKGROUND This project is for design and construction of a new traffic signal at the intersection of Collins Drive and University Drive as identified in the current Seven Year Capital Improvement Program, Fiscal Year 2007/08 — 2013/14, approved by City Council on May 71 2008. A traffic signal warrants analysis was performed in May, 2005 and determined that the installation of a signal at this location is warranted based on traffic volume and accident history. A settlement agreement between the City and Ventura County Community College District (District) dated May 1, 2008 requires the City to complete the construction of the subject signal by June 30, 2011. The agreement also provides for the City to fund the design and construction of the signal improvements using the District's tax increment allocation for property taxes received from the Moorpark Redevelopment Agency. As part of the settlement agreement, the District's tax increment allocation has been transferred to the City from the period of Fiscal Year 2006/07 to Fiscal Year 2024/25, or transfer of $1,000,000; whichever occurs first. DISCUSSION The proposed improvements include all the signal poles, electrical equipment, video detection system, traffic signs and thermoplastic striping for a fully signalized, four-way intersection. The signal improvements can be constructed without the need for additional right-of-way. SAPublic Works\Everyone\Reports\Staff Reports\2009\February\Collins&University Signal Funding.doc Honorable City Council February 4, 2009 Page 2 The City has retained the services of Hartzog & Crabill Inc. to design the signal improvements under their existing agreement with the City for traffic signal design and maintenance services. Design of the signal improvements is expected to be completed by June 2009. Staff will then return to City Council for approval of the project plans and specifications and authority to advertise for construction bids. Construction of the signal improvements is anticipated to commence in Summer 2009. FISCAL IMPACT An amendment to the City's Fiscal Year 2008/09 budget is required to fund the design and construction of the proposed signal improvements. The project will be funded from the College District's tax increment allocation for property taxes received by the Moorpark Redevelopment Agency. The estimated project costs are summarized as follows: Current Proposed Revised Account No. Budget($) Change($) Budget($) 4000.8310.8078.9601 -Design 0 25,000 25,000 4000.8310.8078.9640-Construction 0 175,000 175,000 4000.8310.8078.9650- Inspection 0 10,000 10,000 Total 0 210,000 210,000 STAFF RECOMMENDATION (Roll Call Vote) Adopt Resolution No. 2009 - amending the Fiscal Year 2008/09 Budget to fund Project 8083. Attachment: 1 - Resolution SAPublic Works\Everyone\Reports\Staff Repo rts\2009\February\Col li ns&University Signal Funding.doc 9 2 Attachment 1 RESOLUTION NO. 2009- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR 2008/09 BUDGET TO APPROPRIATE FUNDS FOR PROJECT 8083: TRAFFIC SIGNAL IMPROVEMENTS AT COLLINS DRIVE AND UNIVERSITY DRIVE FROM THE CAPITAL IMPROVEMENT FUND - FUND (4000) WHEREAS, on May 7, 2008, the City Council approved the Seven Year Capital Improvement Program, Fiscal Year 2007/08 — 2013/14, including Traffic Signal Improvements at Collins Drive and University Drive; and WHEREAS, on July 2, 2008, the City Council adopted the budget for Fiscal Year 2008/2009; and WHEREAS, it is necessary to increase the amount of the appropriations and budget for the project; and WHEREAS, Exhibit "A" attached hereto and made a part hereof, describes said budget amendment and its resultant impacts to the budget line items. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That a budget amendment in the aggregate increase of $210,000 as described in Exhibit "A" attached hereto, is hereby approved. SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this 4th day of February, 2009. Janice S. Parvin, Mayor ATTEST: Deborah S. Traffenstedt, City Clerk Attachment: Exhibit `A': Budget Appropriation and Fund Transfer Detail SAPublic Works\Everyone\Reports\Staff Reports\2009\February\Collins&University Signal Funding Reso.doc (")1 Resolution No. 2009 - EXHIBIT "A" BUDGET AMENDMENT FOR CAPITAL IMPROVEMENT FUND FOR DESIGN AND CONSTRUCTION OF TRAFFIC SIGNAL AT COLLINS DRIVE AND UNIVERSITY DRIVE FY 2008-2009 FUND ALLOCATION FROM: Fund Account Number Amount Capital Improvement Fund 4000-5500 $ 2101000 Total $ 2101000 DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS: Account Number Current Budget Revision Amended Budget 4000.8310.8078.9601 Design $ - $ 251000 $ 257000 4000.8310.8078.9640 Construction $ - $ 1751000 $ 1757000 4000.8310.8078.9650 Inspection $ - $ 101000 $ 107000 Total $ - $ 2107000 $ 2101000 Finance Approval: S\P ublic Works\E v e ryo n e\Rep orts\Staff Re orts\2009\Februa \Collins&Universi ty Signal Funding Exhibit A 00194