HomeMy WebLinkAbout1997-02-02 Ordinance 4400ORDINANCE NO. 4400
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 1996-97 TO
PROVIDE AN ADDITIONAL APPROPRIATION FOR INTERIM GOLF
COURSE 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
24, 1996 did adopt a b,.:dget for fiscal year 1996-97; and
WHEREAS,
1995; and
approved a G 1 f Co.:r se Master Plan on May 15,
WHEREAS; order to opt - retention of the Golf Course
z ust o -,er base and its related revenue during implementation of the
Golf Course improvements Master Plan, interim improvements need to
he made to the Golf Course to create a modified 18 -hole course; and
WHEREAS, in order for the planned interim improvements to be
completed before implementation of the Master Plan they must be
begun in the spring of 1997 at a cost of $205,300; and
WHEiCEAS, the Council has, adopted Resolution 7581, declaring
its intent to issue debt financing iri the future to fund the
improvements at the Golf Course; and
WHEREAS, if debt is eventually issued, funds from the issuance
of that debt will be used to replenish funds used from the Budget
Stabilization Reserve to fund this project; and
WHEREAS, City Council authorization is needed to amend the
1996-97 budget as hereinafter set forth.
NOW, THEREFORE, the Council of the City of Palo Alto does
ORDAIN as follows:
,SECTION 1. The sum of Twenty -Nine Thousand Seventy -Two Dollars
($29,072) is hereby appropriated to non -salary expenses in the Golf
Services Functional Area of the Community Services Department and
the sum of One Hundred Seventy -Six Thousand Two Hundred Twenty -Eight
Dollars ($176,228) is hereby appropriated. to the Golf Course
Improvements Capital Improvement Project, Number 19624, and the
General Fund Budget Stabilization Reserve is correspondingly
reduced.
SECTION 2. These transactions will reduce the Budget
Stabilization Reserve from $16,270,196 to $16,064,896.
SECTION 3. 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 4. The City Council approved a Mitigated Negative
Declaration for this project in May, 1995 (CMR:248:95). The
Mitigated Negative Declaration determined that any potential impacts
can be incorporated into the design of the project,
SECTION 5. As provided in Section 2.04.350 of t e Polo Alto
Municipal Code, this ordinance shall becc,r,e effective upon adoption.
INTRODUCED AND PASSE? February 24 199?
AYES:
NOES:
ABSTENTIONS:
ABSENT:
ATTEST: . APPROVED:
Andersen, Eakins,Fazzino, Huber, Kniss, McCowi, Rosenbaum, Wheeler
Micki Schneider
Ci"y Clerk
APPROVED AS TO FORM:
Senior Asst. City Attorney Dep ty City Manager,
Administrative Services
Department
•
•
Director of Community Services
Department
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