HomeMy WebLinkAbout1998-04-06 Ordinance 4493ORDINANCE NO. 4493
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 1997-98 TO
PROVIDE AN ADDITIONAL APPROPRIATION OF $721,620 FOR
CAPITAL IMPROVEMENT PROJECT NUMBER 18516, MSC SEISMIC
IMPROVEMENTS
WHEREAS, pursuant to the provisions of Section 12 of Article
III of the Charter of the City of Palo Alto, the Council on June
23, 1997 did adopt a budget for fiscal year 1997-98; and
WHEREAS, the need for significant seismic work at the Municipal
Service Center (MSC) has been identified; and
WHEREAS, pending the development and implementation of a
permanent solution, it is necessary to provide temporary seismic
bracing at the MSC; and
WHEREAS, on December 15, 1997, Council directed staff to obtain
bids for this temporary seismic bracing and to return with a Budget
Amendment Ordinance at the time of the Award of Contract for the
work; and
WHEREAS, a contractor has been identified and all of the work
associated with the temporary bracing of the MSC will cost $721,620;
and
WHEREAS, Capital Improvement Project 18516, MSC Seismic
Improvements, which was created to fund seismic work at the MSC
needs to be increased by $721,620 to fund this work; and
WHEREAS, there is $200,000 in funding available in Capital
Improvement Project 18508, Public Buildings Structural Improvements,
to fund a portion of this contract; and
WHEREAS, the General Fund and the Enterprise Funds will pay for
the remainder of the expense proportional to departmental use of
space at the MSC; and
WHEREAS, City Council authorization is needed to amend the
1997-98 budget as hereinafter set forth.
NOW, THEREFORE, the Council of the City of Palo Alto does
ORDAIN as follows:
SECTION 1. The amount of Seven Hundred Twenty One Thousand and
Six Hundred and Twenty Dollars ($721,620) is hereby appropriated to
CIP 18516.
SECTION 2. The appropriation authorized by Section 1 shall be
funded as follows:
a. The sum of Two Hundred Thousand Dollars ($200,000) is
hereby transferred within the Capital Improvement Fund from CIP
18508, Public Buildings Structural Improvements, to CIP 18516.
b. The remainder of the funding comes from the reserve funds
hereinafter described. The amounts so transferred are from the
following reserve funds:
'Budget Stabilization Reserve (General
Fund) $292,108
;Electric Rate Stabilization Reserve ! $119,973
;Refuse Rate Stabilization Reserve $5,216,
;Storm Drainage Rate Stabilization Reserve! $10,432!
;Water Rate. Stabilization Reserve $93,891!.
SECTION 3. The appropriation transfers approved by Section 2
will reduce the Budget Stabilization Reserve from $16,986,149 to
$16,694,041, and reduce the following Rate Stabilization Reserves
(RSR) :
From: To:
Electric RSR
'Refuse RSR
!Storm Drainage RSR
!Water RSR
$18,930,990
$4,792,285
$618,000
$5,988,605
1$18,811,017
1 $4,787,069
! $607,560
$5,894,714
SECTION 4. As specified in Section 2.28.080(a) of the Palo
Alto Municipal Code, a two-thirds vote of the City Council is
required to adopt this ordinance.
SECTION 5. This project is categorically exempt from the
provisions of the California Environmental Quality Act (CEQA)
pursuant to Section 15301 of the CEQA guidelines.
SECTION 6. As provided in Section 2.04.350 of the Palo Alto
Municipal Code, this ordinance shall become effective upon adoption.
INTRODUCED AND PASSED:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
April :6 1998
EAKINS, FAZZINO, HUBER, KNISS, MOSSAR, OJAKIAN, ROSENBAUM, SCHNEIDER,
WHEELER
ATTEST:
City erk
APPROVED AS TO FORM:
Senior Asst. City Attorney
APPROVED:
Acti g Director, Administrative
Services Department
Director of Public Gdorks
THIS DOCUMENT IS CERTIFIED TO BE AN
ORDINANCE DULY PASSED By THE COUNCIL
OF THE CITY OF PALO ALTO AND
TFNEREAt-TER POSTED IN THE COUNCIL
CHAMCFR , ON , e,, qer (WITHIN 1S
DAYS OF -ITS PASSAGE)
"I cer2ity (or declare) under penalty
of peri,nry that the foregoing oIng is true
and correct."
Date & Place Signature