HomeMy WebLinkAboutCouncil Resolutions 1531 RESOLUTION NO. 1ZV
A RESOLUTION OF THE CITY OF CENTRAL POINT APPROVING A 2017/19
SUPPLEMENTAL BUDGET FOR FUNDING THE BEEBE-HAMRICK SIGNAL DESIGN
Recitals:
A. The City of Central Point identified the Beebe-Hamrick Intersection as a needed
improvement in the 2008 Transportation System Plan when warranted.
B. Warrants for the signal will be met when development occurs west of the intersection.
C. The 2018 State Transportation Funding package will provide an additional $150,000 in
additional funds for transportation projects within the City.
D. ORS 294.471 allows the governing body to adopt a supplemental budget when certain
conditions exist, such as an occurrence or condition was not known at the time the
budget was adopted; a situation was not foreseen and requires prompt action; money is
received that was not anticipated, or a request for services or facilities is received which
will be paid by another entity and was not known at the time of the adoption of the
budget.
E. This public hearing met the noticing requirements contained in ORS 294.471 of being
noticed at least 5 days prior to the meeting as it was posted on the City of Central Point
website on March 14, 2018 and published in the Mail Tribune on March 17, 2018.
The City of Central Point resolves as follows:
Section 1. The City agrees to fund the design of Beebe-Hamrick Signal Design in Fiscal Year
2018/19.
Section 2. The supplemental budget shall be as follows:
Adjusted
Appropriation Revenues Expenses Appropriation
Street Fund $ 8,286,954 $ 8,286,954
State Gas Tax $2,138,960 $ 100,000 $ 2,238,960
Beebe/Hamrick Intersection $ - $ 100,000 $ 100,000
Street Fund - Revised $ 8,386,954 $ 8,386,954
Passed bythe Council and signed byme in authentication of its passage this.. 2_ day of
g
March 2018.
ATTES Mayor Hank Williams
-41
City Recorder