Consent Item 4k
STAFF REPORT
City Council Consent Item
_______________________________________________________________________________________________ DATE: April 15, 2024
TO: Honorable Mayor and Council Members
FROM: Aaron Felmlee, Finance Director
THRU: Merritt Perry, City Manager
SUBJECT: Road Maintenance and Rehabilitation Account Project List; Resolution 2024- 09 STAFF RECOMMENDATION:
Adopt Resolution 2024-09 of the City Council of the City of Fortuna designating projects to be funded by the Road Maintenance and Rehabilitation Account (RMRA) during Fiscal Year 2024-25.
EXECUTIVE SUMMARY:
To be eligible for funding from the passage of SB1, the City must formally adopt a list of projects to be completed and forward that list to the California Transportation Commission (CTC) by July 1 st each year. Staff has prepared a list of projects in a format acceptable to the CTC and included it as an attachment.
In order to ensure that RMRA funds are spent appropriately, the City must also report after the fact on which projects were ultimately completed. It is important to note that there is no requirement that the annual list of anticipated projects match the list of projects completed. In the event that additional funding becomes available or if emergency projects arise, the two lists may differ.
Additionally, if during the Cities budget process different projects are identified by the Council as a higher priority than the ones adopted with the attached resolution the City can change the projects with no repercussions.
FINANCIAL IMPACT:
The projects included on the attached list are identified in the draft 2024-25 fiscal year budget through the Capital Improvement Program. If not funded through RMRA these projects would either not be completed or would have to be funded through other funds and other projects would not be completed.
RECOMMENDED COUNCIL ACTION:
Adopt Resolution 2024-09.
Attachments:
Consent Item 4k
1. Resolution 2024-09; A Resolution Of The City Council Of The City Of Fortuna designating projects to be funded by the Road Maintenance and Rehabilitation Account during Fiscal Year 2024-25.
2. Attachment A – RMRA Project List