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CC Resolution 8953 RESOLUTION NO. 8953 A RESOLUTION OF INTENT WITH REGARD TO PUBLIC AGENCY FUNDS AND THE HAZARD ELIMINATION SAFETY PROGRAM FOR THE INSTALLATION OF A TRAFFIC SIGNAL AT THE INTERSECTION OF HAMIL TON AVENUE AND EDEN AVENUE WHEREAS, the City of Campbell has applied for and been recommended to receive $126,900 in Hazard Elimination Safety (HES) funding, for the construction of a new traffic signal and appropriate medians at the intersection of Hamilton and Eden Avenues; and WHEREAS, the program requires that certain funding requirements, as follows, be met in carrying out this project: 1. The project will built as described above; 2. The lesser amount of $14,100 and 10 percent of total project cost will be provided by the City of Campbell; and 3. The City of Campbell understands that the HES funding is fixed at $126,900; and, therefore, any cost increases cannot be expected to be funded with HES funds. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Campbell by adopting this Resolution of Intent does hereby state that: 1. The project will built as described above; 2. The lesser amount of $14,100 and 10 percent of total project cost will be provided by the City of Campbell; and 3. The City of Campbell understands that the HES funding is fixed at $126,900; and, therefore, any cost increases cannot be expected to be funded with HES funds. PASSED AND ADOPTED this 19th day of March, 1996, by the following roll call vote: AYES: NOES: ABSENT: COUNCIL MEMBERS: COUNCIL MEMBERS COUNCIL MEMBERS Burr, Conant, Dougherty None Watson A~ ANNE BYBEE, CITY CLERK RO