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HomeMy WebLinkAbout1997-06-02 Ordinance 4418ORDINANCE NO. 4418 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 HOUSING FOR PERSONS WITH DEVELOPMENTAL DISABILITIES AT 2700 ASH STREET 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 budget for fiscal year 1996-97; and WHEREAS, on September 15, 1996, Council approved an additional appropriation of $711,000 to the Mid Peninsula Hous ink: Corporation (MPHC) for site acquisition and development of housing for persons with developmental disabilities; and WHEREAS, the project budget has increased substantially due to an increase in hard construction costs, changes ir. HUD subcontractor requirements, and unexpected costs for impact fees and design; and WHEREAS, while MPHC has revised the project to reduce costs and has sought and received additional funding from HUD, $180,400 in additional funds is still required to overcome the budget shortfall; and WHEREAS, in order to stay on the development schedule, MPHC has requested the additional $180,400 from the City of Palo Alto, having sought and been denied additional funding from local foundations and other local jurisdictions; and WHEREAS, there are sufficient funds available in the Commercial Housing In Lieu Fund, and such an expenditure is in conformance with adopted Housing Reserve Guidelines; 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 One Hundred Eighty Thousand and Four Hundred Dollars ($180,400) is hereby appropriated to non -salary • • expenses in the Commercial Housing In Lieu Fund, and the Commercial Housing In Lieu Fund is correspondingly reduced. ZECTION 2. This transaction will reduce the Commercial Housing In Lieu Fund Reserve balance from $664,214 to $483,814. ,SECTION 3. As specified in Section 2.28.©80(a) of the Palo Alto Municipal Code, a two-thirds vote of the City Council is required to adopt this ordinance. SECTION 4. An environmental assessment under the National Environmental Policy Act (NEPA) was completed by staff on July 11, 1996. A notice of finding of no significant impact on the environment was published on August 7, 1996. The public comment period expires on September 9, 1996. A negative declaration under the California Environmental Quality Act (CEQA) was completed on April 10, 1996 and certified by the City Council an June 24. 1996. SECTION a. As provided in Section 2.04.350 of the Palo Alto Municipal Code, this ordinance shall become effective upon adopt .on. INTRODUCED AND PASSED: June 2, 1997 AYES: ANDERSEN, FAZZINO, HUBER, KNISS, MCCOWN, ROSENBAUM, SCHNEIDER, WHEELER NOES: ABSTENTIONS: ABSENT : EAKINS ATTEST: } A••'�VED: City Clerk APPROVED AS TO FORM: ,§enior Asst. City Attorney Acti g Director, Administrative Services Department • Director of Planning and Community Environment THIS DOCUMENT IS CESIWFIED TO BE AN oattlawer, *IVO, PASSED BY THE C©uNctl. Of THE CITY 3F PALO ALTO AND T►4lEr7 7:14 POSTED ! 'N DAY:. ,.. • 7.a PASSA'• I "I er. Iy lot declare) +ode► sassily al pert' rr that the lor.porep is Isis - co .ct {WITHIN 15