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Resolution Number 12-02-21-03Ll RESOLUTION NO. 12-02-21-03 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, SUPPORTING AB 1455 (HARKEY) HIGH SPEED RAIL LEMON LAW WHEREAS, voters approved Proposition 1A in November 2008 providing for a $9.95 billion bond, of which $9 billion was approved to fund high speed rail from San Francisco to San Diego in California; and WHEREAS, the California High Speed Rail Authority (CHSRA) business plan is not in keeping with what voters approved in 2008, nearly tripling the original cost, now estimated at $98.5 to $117 billion for construction costs for Phase I only ( San Francisco to Los Angeles -Anaheim) which does not include maintenance and operating costs; and WHEREAS, the CHSRA ridership, revenue and job estimates.have been inflated in order to continue to move the project forward; and WHEREAS, the CHSRA has $3.3 billion in federal funding -awarded to construct high speed rail in the Central Valley with future funding sources unknown; and WHEREAS, the proposed CHSRA business plan has suffered criticism and legal challenges from many communities that oppose the proposed route and the state's use of the power of Eminent Domain to destroy prime agricultural land, neighborhoods and existing business centers; and WHEREAS, the Legislative Analyst's Office (LAO) identified a number of serious deficiencies with the CHSRA business plan related to compliance with the voter approved bond, Proposition 1A, funding, ridership, route, and overall viability of the project; and WHEREAS, the California High Speed Rail Peer Review Group recommend that the legislature not approve the appropriation of the voter approved bond proceeds for the project; and WHEREAS, the California State Auditor report released on January 24, 2012 states the high-speed rail network's overall financial situation has become "increasingly risky;" and WHEREAS, any existing rail monies would be better used on the extension and expansion of existing regional and commuter passenger rail systems, and their maintenance; and 2/21/2012 WHEREAS, AB 1455 would remove the remaining available balance of the $9 billion in state debt funding for the high speed rail project, while allowing for the $950 million segment allowed for local transportation to remain available for future funding. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of San Juan Capistrano does hereby support AB 1455. PASSED, APPROVED, AND ADOPTED this 21st day of February 2012. STATE OF CALIFORNIA ) COUNTY OF ORANGE )as. CITY OF SAN JUAN CAPISTRANO ) R9(MER, MAYOR I, MARIA MORRIS, appointed City Clerk of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. 12-02-21.03 was duly adopted by the City Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 218t day of February 2012, by the following vote: NCIL MEMBERS: Freese, Reeve, Allevato, Taylor and Mayor Kramer NCIL MEMBER: None NCIL MEMBER: None 2/21/2012