ORANGE, COUNTY OF (5) - 2009 - Laserfiche WebLink

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A-2009-045 Agreement No.D09-032 PROPOSITION 42 CITY AID PROGRAM FUNDING AGREEMENT .~ .~~- ~,(~ m ~, V This CITY AID PROGRAM FUNDING AGREEMENT, Agreement No. D09-032 ("Agreement") is made and entered into this day of ~ ~ , 2009, by and between County of Orange, California, a political subdivision of th State of California ("County"), and City of Santa Ana, a municipal corporation in the State of California ("City"). The County and City shall sometimes be referred to separately as a "Party" and collectively as the "Parties." RECITALS A. WHEREAS, Orange County cities have streets in need of routine roadway maintenance, minor roadway _ widening (non-capacity enhancing) and storm damage improvements, but have limited funds to address these needs. B. WHEREAS, pursuant to Streets and Highways Code Section 1686, the California State Legislature has determined that the improvement and maintenance of all city streets is of general county interest. County believes that it is of general interest to the county and all the ~- ~ cities within the county to extend financial aid to the cities for tie"-general improvement and maintenance of city streets in that the improvement of transportation congestion is of benefit to all Orange County residents. - _ _ _ -__ C. WHEREAS, County desires to assist Orange County cities with the improvement and maintenance of city streets, artd to help improve regional transportation needs within the county. County receives Proposition 42 ("Prop. 42") allocations from the State's Transportation Investment Fund ("TIF") for the purposes of street and highway maintenance, rehabilitation, reconstruction and storm damage repair. D. WHEREAS, With authorization from the State, County has established its Prop. 42 City Aid Program ("CAP"). County will allocate a portion of County's Prop. 42 funds to participating cities for the purposes of routine roadway maintenance, minor roadway widening (non-capacity enhancing) and storm damage improvements within the cities ("CAP- Funds"). City's expenditure of CAP Funds is to be in accordance with California Constitution Article XIX B Section 1 and Revenue and Taxation Code Section 7104, and all other applicable State rules, regulations and guidelines ("Prop. 42 Requirements"). E. WHEREAS, City owns and operates streets in need of routine roadway maintenance, minor roadway widening (non capacity enhancing) and storm damage improvements, and acknowledges that it has limited funds by which to address these needs. Therefore, City is irrsupport of receiving CAP Funds. NOW, THERF,FORE, in consideration of the foregoing recitals of fact, the mutual covenants and conditions contained herein and other consideration, the value and adequacy of which are hereby acknowledged, the Parties agree as follows: Page 1 of 6