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2010-038-Prop 1b Application Local Streets And Roads Fund For FY 09/10RESOLUTION 2010-038 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS AUTHORIZING APPLICATION FOR PROPOSITION 1B LOCAL STREETS AND ROADS FUNDS FOR FY 2009/10 AND APPROVING USE OF THE FY 2009/10 PROPOSITION 1B FUNDS WHEREAS, the Town of Los Gatos (Town) is eligible to apply for additional Proposition 1 B .funding for local street and maintenance; and WHEREAS, the Town last received an allocation during FY 2007/08 and submitted an approved plan to the State Department of Finance for use of those funds; and WHEREAS, if the FY 2009/10 Proposition 1B fund are received, the Proposition 1B funds will be encumbered prior to July 1, 2010; and WHEREAS, the Town agrees that the funds from FY 2009/10 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 2009/10 Proposition 1B funds to the State of California Department of Finance by the requested time. NOW, THEREFORE BE IT RESOLVED that the Town Council of the Town of Los Gatos authorizes application for Proposition 1B Local Streets and Roads Funds for FY 2009/10 and approves the Town's plan for use of its Proposition 1B fiends. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 19t~' day of April, 2010, by the following vote: COUNCIL MEMBERS: AYES: Joe Pirzynslci, Steve Rice, Barbara Spector, Mayor Diane McNutt NAYS: ABSENT: Milce Wasserman ABSTAIN: SIGNED: ~/~~ ~~~~ MAYOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA ATT T: ~~~ CLERI INISTRAT'OR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA