HomeMy WebLinkAbout1997-06-02 Ordinance 4420ORDINANCE NO. 4420
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 1996-97 FOR
FUNDING OF JOINT CONSTRUCTION WITH PACIFIC BELL OF A
SUBSTRUCTURE AND INCREASED WORK IN CUSTOMER DESIGN AND
CONNECTION CIP-PROJECT 8928
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, Capital Improvement Project 8928 was created to
provide the design and construction of connections to electrical
customers; and
WHEREAS, the City of Palo Alto has experienced a 50 percent
increase in the number of customers requesting design services due
to increased business activity; and
WHEREAS, the Utilities Department has entered into a joint
trench construction project with Pacific Bell for increased work in
customer design and connection services; 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 Three Hundred Thousand Dollars
($300,000) is hereby appropriated to Capital Improvement Project
Number 8928, Electric Services And Meters and the Electric Rate
Stabilization Reserve is correspondingly reduced.
SECTION 2. This transaction will reduce the Electric Rate
Stabilization Reserve from 15,519,000 to 15,219,000.
,;ECTION 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.
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SECTION 4. This project has been determined to be
categorically exempt under Sections 15302 and 15303 of the
California Environmental Quality Act.
SECTION 5. As provided in Section 2.04.350 of the Palo Alto
Municipal Code, this ordinance shall become effective upon adoption.
INTRODUCED AND PASSED: June 2, 1997
AYES: ANDERSEN, FAZZINO, HUBER, KNISS, MCCOWN, ROSENBAUM, SCHNEIDER, WHEELER
NOES:
ABSTENTIONS:
ABSENT:
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APPROVED AS TO FORM:
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