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R 3345 RESOLUTION NO. 3345 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE AMENDING THE TRAFFIC SIGNALIZATION FEE ( WHEREAS, Article 3 of Chapter 2 of Title 3 of the Arroyo Grande Municipal Code created a Traffic Signalization Fund; and WHEREAS, Arroyo Grande Municipal Code Section 3-2.305 authorized the amount of the Traffic Signalization Fee to be established by Council resolution and that said fee be adjusted in response to inflationary changes based on the formula shown therein; and WHEREAS, Resolution 1955 established the original amount of said Traffic Signalization Fee; and WHEREAS, the cost of installing traffic signals has changed, as evidenced by the Engineering News Record (ENR) Construction Cost Index. WHEREAS, based on the ENR Cost Index, the original fee established should be adjusted to $17.52 per Average Daily Trip (ADT). .. NOW, THEREFORE, BE IT RESOLVED, that effective January 13, 1999 the Traffic Signalization Fee shall be $17.52 per Average Daily Trip (ADT). On motion by Council Member RlIDels, .seconded by 90uncil Member Tolley , and by the following roll call vote, to wit: AYES: Council Members Runels, Tolley, Ferrara, Dickens, & Mayor Lady NOES: None ABSENT: None the foregoing Resolution was passed and adopted this 12th day of January, 1999. f . RESOLUTION NO. 3345' Page2 MICHA~1f? ~ . t ATTEST: 11~~a..~ NANCY A. D IS, CITY CLERK ~PROVED AS TO CONTENT: 1~:eJlf L. I-hU.n ' ROBERT L. HUNT, CITY MANAGER f , ..-.0............:...: \. ..... _;1 APPROVED AS TO FORM: " TTORNEY f -~. 4- I, NANCY A. DAVIS, City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of California, do hereby certify that the foregoing Resolution NO.3 3 4 sis a true, full, and correct copy of said Resolution passed and adopted at a regular meeting of said Couricil on the 12th day of January, 1999. WITNESS my hand and the seal of the City of Arroyo Grande affixed this 15th day of January 1999. .71~a.~ . NANCY A. AVIS, CITY CLERK ., t f