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1992-162-Los Gatos Funds And The Surface Transportation Program Congestion Mitigation For The Widening Of Los Gatos Boulevard From Two To Four LanesRESOLUTION 1992 -162 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS WITH REGARD TO LOS GATOS FUNDS AND THE SURFACE TRANSPORTATION PROGRAM (STP) /CONGESTION MITIGATION FOR THE WIDENING OF LOS GATOS BOULEVARD FROM TWO TO FOUR LANES FROM SAMARITAN DRIVE TO LARK AVENUE WHEREAS, the Town of Los Gatos has applied and been recommended for $400,000 in Surface Transportation Program funding for the widening of Los Gatos Boulevard from Samaritan Drive to Lark Avenue from the current two lane paved roadway to a four lane paved roadway within a 50 -foot right -of -way; and WHEREAS, this project will relieve traffic congestion and generally facilitate traffic flow by widening the only remaining two lane portion between already completed six lane portions on either side, and is the first phase of an eventual six lane project at this location; and WHEREAS, a prerequisite for inclusion in the 1993 Transportation Improvement program (TIP) is the adoption of a local resolution saying that: ■ The project will be built as described above; and ■ Twenty (20 %) percent of total project costs in local matching funds up to $100,000 will be provided by the Town of Los Gatos; ■ The Town of Los Gatos understands that the STP funding is fixed at $400,000, and therefore, any cost increases cannot be expected to be funded with STP funds. NOW, THEREFORE, be it resolved that the Town Council of the Town of Los Gatos by adopting this resolution of intent does hereby state that (subject to the adoption of a budget for the project by the Town Council) that: ■ The project will be built as described above; and ■ Twenty (20 %) percent of total project costs in local matching funds up to $100,000 will be provided by the Town of Los Gatos; ■ The Town of Los Gatos understands that the STP funding is fixed at $400,000 and therefore, any cost increases cannot be expected to be funded with STP funds. L30 \cnc1 rptsVu nds.lg b PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos this 8th day of September, 1992 by the following vote: COUNCIL MEMBERS: AYES: Randy Attaway, Joanne Benjamin, Steven Blanton, Brent Ventura, Mayor Eric D. Carlson NAYS: None ABSENT: None ABSTAIN: None SIGNED: CE MAYOR OF THE TOWN OF LOS GATOS ATTEST: LOS GATOS, CALIFORNIA CLERK bi` /THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA L30 \cncirpts \funds.19 b 2