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HomeMy WebLinkAboutR-11630 authorizing use of $2,000,000 from the Infrastructure Investment Fund to support the HigueraR 11630 RESOLUTION NO. 11630 (2026 SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, AUTHORIZING USE OF $2,000,000 FROM THE INFRASTRUCTURE INVESTMENT FUND TO SUPPORT THE HIGUERA COMPLETE STREETS PROJECT, SPECIFICATION NUMBER 2001057 WHEREAS, on February 17, 2026, the City Council authorized advertisement of the Higuera Complete Streets Project and delegated authority to the City Manager to award the construction contract if the lowest responsive bid was within the publicly disclosed funding limit of $12,960,700; and, WHEREAS, the project includes pavement rehabilitation, roadway restriping, addition of protected bike lanes, pedestrian accessibility and crossing improvements, and traffic safety improvements that benefit all road users, covering segments of Higuera Street, Madonna Road, and local roadways near Meadow Park; and WHEREAS, proposed improvements in the Higuera Complete Street Project support the Major City Goal of Infrastructure and Sustainable Transportation, advance several “Tier 1” (highest-priority) improvements recommended in City’s 2021 Active Transportation Plan, and support the City’s overarching Vision Zero Goal to eliminate severe injury and fatal traffic collisions; and WHEREAS, the City created in Infrastructure Investment Fund to set aside funding for future infrastructure projects that contribute to improved economic development and enhanced quality of life in the City of San Luis Obispo; and WHEREAS, the use of these funds is at the discretion of the City Council based on the guidelines established; and WHEREAS, to provide sufficient funding to proceed with the Higuera Complete Streets Project, staff is recommending the City Council approve use of $2,000,000 from the Infrastructure Investment Fund; and WHEREAS, a balance of approximately $14,658,400 is currently available in the Infrastrucure Investment Fund, which is sufficient to cover the funding requested to supplement the Higuera Complete Street Project. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo as follows: Docusign Envelope ID: AC99B791-5C4C-463C-B3E5-890DD9B8C84C Resolution No. 11630 (2026 Series) Page 2 R 11630 SECTION 1. The City Council authorizes the appropriation of $2,000,000 from the Infrastructure Investment Fund to the Higuera Complete Streets Project account 2001057. Upon motion of Vice Mayor Francis, seconded by Council Member Boswell, and on the following roll call vote: AYES: Council Member Boswell, Marx, Shoresman, Vice Mayor Francis, Mayor Stewart NOES: None ABSENT: None The foregoing resolution was adopted this 17th day of February 2026. ___________________________ Mayor Erica A. Stewart ATTEST: __________________________ Teresa Purrington City Clerk APPROVED AS TO FORM: __________________________ J. Christine Dietrick City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, on ______________________. ___________________________ Teresa Purrington City Clerk Docusign Envelope ID: AC99B791-5C4C-463C-B3E5-890DD9B8C84C 2/19/2026 | 3:32 PM PST