REQUEST FOR CITY COUNCIL ACTION
DATE: 06/07/2023
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
RESOLUTION AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO RECEIVE AND ACCEPT SENATE BILL-1 ROAD REPAIR AND ACCOUNTABILITY ACT OF 2017 REVENUE FOR FISCAL YEAR 2024 IN AN ESTIMATED AMOUNT OF $3,798,978 FOR THE CITYWIDE STREET PAVEMENT REHABILITATION PROJECT, NO. 2022-08
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EXECUTIVE SUMMARY:
This staff report asks the City Council to consider the acceptance of Senate Bill-1 (SB1) Road Repair and Accountability Act of 2017 revenue to maintain and improve streets within the City of Corona as part of the Street Maintenance and Rehabilitation Program.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Adopt Resolution No. 2023-047, authorizing the City Manager, or his designee, to receive and accept Senate Bill-1 Road Repair and Accountability Act of 2017 revenue for Fiscal Year 2024 in an estimated amount of $3,798,978 for the Citywide Street Pavement Rehabilitation Project, No. 2022-08.
b. Accept and appropriate $3,798,978 in Fiscal Year 2024, as awarded by the State, from the unappropriated Road Maintenance and Rehabilitation Fund (221) to the Citywide Street Pavement Rehabilitation Project, No. 2022-08.
c. Approve the estimated revenue of $3,798,978 in Fiscal Year 2024 in the Road Maintenance and Rehabilitation Fund (221) for reimbursement by the State, per the Road Repair and Accountability Act of 2017 - Local Streets and Roads Funding Amended Annual Reporting Guidelines.
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BACKGROUND & HISTORY:
On April 28, 2017, the Governor signed Senate Bill-1 (SB1) (Beall, Chapter 5, Statutes of 2017), known as the Road Repair and Accountability Act of 2017. SB1 increased per gallon fuel excise taxes, increased diesel fuel sales taxes, and vehicle registration fees, and it provides for inflationary adjustments to tax rates in future years. These tax revenues can be used to address basic roa...
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