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CC Resolution No. 12-050 Funding Agreement with the Santa Clara County Transportation Authority (VTA) Enabling the City to Receive Funds from the 2010 Vehicle Registration Fee RESOLUTION NO. 12-050 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING THE CITY MANAGER TO EXECUTE A FUNDING AGREEMENT WITH THE SANTA CLARA COUNTY TRANSPORTATION AUTHORITY (VTA) ENABLING THE CITY TO RECEIVE FUNDS FROM THE 2010 VEHICLE REGISTRATION FEE Whereas, On June 3, 2010, the VTA Board of Directors adopted a resolution to place a ballot measure before the voters of Santa Clara County in November 2010 to authorize a $10 increase in the Vehicle Registration Fee (VRF) for transportation-related projects and adopted the expenditure plan in Exhibit A of the Funding Agreement which allocates the revenue to transportation-related programs and projects that have a relationship or benefit to the persons who pay the fee; and Whereas, On October 7, 2010, the VTA Board of Directors adopted administrative procedures for the VRF program, referred to hereinafter as PROGRAM; and Whereas, these administrative procedures state that VTA will execute PROGRAM funding agreements with project sponsors; and Whereas, On November 2, 2010, the voters of Santa Clara County enacted the $10 vehicle registration fee on motor vehicles registered within Santa Clara County to pay for programs and projects bearing a relationship or benefit to the owners of motor vehicles paying the fee; and Whereas, the PROGRAM includes a Local Road Improvement and Repair Program consisting of a direct return-to-source formula based on City population and County of Santa Clara road and expressway lane mileage; and Whereas, VTA and Cupertino desire to specify herein the terms and conditions under which Local Road Improvement and Repair PROGRAM grants are to be conducted and financed. NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL HEREBY Authorizes the City Manager to execute the funding agreement with the Santa Clara Valley Transportation Authority (VTA) enabling the City to receive funds from the 2010 Vehicle Registration Fee and take all necessary related actions. Resolution No. 12-050 PASSED AND ADOPTED at the regular meeting of the City Council of the City of Cupertino this 15th day of May , 2012, by the following vote: Vote Members of the City Council AYES: Santoro, Mahoney, Chang, Sinks, Wong NOES: None ABSENT: None ABSTAIN: None ATTEST: APPROVED: Grace Schmidt, City Clerk Mark Santoro, Mayor, City of Cupertino 2