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RESOLUTION NO. 49-99 A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS AMENDING THE 1998-99 CAPITAL BUDGET TO INCLUDE SANTA CLARA COUNTY'S MEASURE B PAVEMENT MANAGEMENT PROGRAM FUNDS,AND ADDITIONAL FUNDING FOR THE TOWN'S PAVEMENT MANAGEMENT CIP PROJECT WHEREAS, the City Council did, on October 21, 1998, approve and adopt the Capital Improvement Project(CIP) Budget for the Town of Los Altos Hills for the 1998-99 Capital Year, and WHEREAS, the Council has also approved and authorized execution of the 1996 Measure B Pavement Management Program Cooperative Agreements with the Valley Transportation Authority and Santa Clara County, which provides for an initial allocation to the Town of$164,269, and WHEREAS, the City Council has reviewed the contract for the Town's Management Project 467901,to be awarded to the lowest responsible bidder in the amount of$765,579, and WHEREAS, the City Council now seeks to approve and fund this contract, including a provision for construction staking, inspection expenses and contract change orders; WHEREAS, execution, of the contract and provisions will create a budget deficit of$81,875 for the Pavement Management project#467901, NOW THEREFORE, the City Council of the Town of Los Altos Hills does RESOLVE as follows: 1. The City Council does hereby approve and adopt an appropriation of $164,269 for the 1998-99 Pavement Management capital project, to be funded from the Town's allocation of Measure B Pavement Management Program funds, and 2. The City Council does hereby approve and adopt an additional appropriation of $81,875.00 to allow adequate funding of the contract, staking, inspection charges and change orders. 3. The total appropriated amount of the Capital Improvement Budget for each account area of the Capital Projects Budget may be drawn upon in the form of warrants issued for payments of demands and certified in accordance