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That assets purchased with RM 2 funds including facilities and equipment shall be used for <br /> the public transportation uses intended, and should said facilities and equipment cease to be <br /> operated or maintained for their intended public transportation purposes for their useful lives,that <br /> the MTC shall be entitled to a present day value refund or credit(at MTC's option)based on <br /> MTC's share of the Fair Market Value of the said facilities and equipment at the time the public <br /> transportation uses ceased,which shall be paid back to MTC in the same proportion that RM 2 <br /> funds were originally used;and <br /> That the City of San Leandro shall post on both ends of the construction site(s) at least two <br /> signs visible to the public stating that the Project is funded with RM 2 Toll Revenues; and <br /> That the City of San Leandro authorizes the City Manager or his designee to execute and <br /> submit an allocation request for the Construction phase with MTC for Regional Measure 2 funds in <br /> the amount of$360,000.00,for the project,purposes and amounts included in the project <br /> application attached to this resolution; and <br /> That the City Manager or his designee is hereby delegated the authority to make non- <br /> substantive changes or minor amendments to the Initial Project Report as he deems appropriate. <br /> BE IT FURTHER RESOLVED: <br /> That a copy of this resolution shall be transmitted to MTC. <br /> Introduced by Councilmember Reed and passed and adopted this 20th day of April, 2015, <br /> by the following vote: <br /> Members of the Council: <br /> AYES: Councilmembers Cox, Lee, Lopez,Prola, Reed, Thomas; Mayor Cutter (7) <br /> NOES: None (0) <br /> ABSENT: None (0) <br /> T <br /> ATTE G &�-eu�c h'.... <br /> S . <br /> Vivian Chiu, Acting City Clerk <br /> RESOLUTION NO.2015-081 3 <br />