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2009-011-Authorizing Application For Prop 1B Local Streets And Roads Funds For FY 2008/09 And Approving Use Of The FY 2008-09 Prop 1B FundsRESOLUTION 2009 -011 RESOLUTION OF THE TOWN COUNCIL OF LOS GATOS AUTHORIZING APPLICATION FOR PROPOSITION 1B LOCAL STREETS AND ROADS FUNDS FOR FY 2008/09 AND APPROVING USE OF THE FY 2008/09 PROPOSITION 1B FUNDS WHEREAS, the Town of Los Gatos (Town) is eligible to apply for additional Proposition 113 funding for local street and maintenance; and WHEREAS, the Town received its full allocation for FY 2007/08 and submitted an approved .plan to the State Department of Finance for use of those funds; and WHEREAS, if the FY 2008/09 Proposition 113 fund are received, the Proposition 1B funds will be encumbered prior to July, 1, 2009; and WHEREAS, the Town agrees that the fiends from FY 2008/09 allocation will be used for projects that are not currently fully funded with a dedicated funding source or sources; and WHEREAS, the Town will report the use of FY 2008/09 Proposition 1B funds to the State of California Department of Finance by the requested time; and NOW, THEREFORE BE IT RESOLVED that the Town Council of the Town of Los Gatos Town authorizes application for Proposition 113 Local Streets and Roads Funds for FY 2008/09 and approves the Town's plan for use of its Proposition 1B funds. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 2 nd day of February, 2009, by the following vote: COUNCIL MEMBERS: AYES: Diane McNutt, Joe Pirzynski, Steve Rice, Barbara Spector, and Mayor Mike Wasserman NAYS; ABSENT: ABSTAIN: SIGNED:������� MAYOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA TEST: F THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA