HomeMy WebLinkAbout1997-07-21 Ordinance 4435ORDINANCE NO. 4435
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 1997-98 TO
PROVIDE AN ADDITIONAL APPROPRIATION AND TO AMEND THE
MUNICIPAL FEE SCHEDULE FOR THE GOLF COURSE IMPROVEMENTS
CAPITAL IMPROVEMENTS PROJECT, NUMBER 19624
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 and a Municipal Fee Schedule for fiscal
year 1997-98; and
WHEREAS, on May 15, 1995, Council approved a Golf Course Master
Plan; and
WHEREAS, in order to preserve its long-term viability,
improvements to the Golf Course are needed, including work to
enhance drainage, upgrade the irrigation system improve fairways
and greens, and renovate the driving range; and
WHEREAS, the estimated
$5,400,000; and
of the proposed improvements is
WHEREAS, the Council has adopted Resolution 7581, declaring its
intent to issue debt financing in the form of tax exempt bonds in
the future to fund the improvements to the Golf Course; and
WHEREAS, the bonds will be sold in spring or early summer of
1998 to coincide with the timing of actual cash outlays for project
construction and obtain the most advantageous interest rates; and
WHEREAS, CIP 19624, Golf Course Improvements, needs to be
increased now so that construction of driving range improvements can
begin in the fall and so that the contract for the major
improvements can be awarded in January 1998; and
WHEREAS, upon the sale of the bonds, the General Fund will be
reimbursed for all expenses incurred up to the date of the sale
which are related to the Golf Course project; and
WHEREAS, the 1997-98 Municipal Fee Schedule needs to be amended
to allow for fee reductions during times when the course will not
be in a fully playable condition due to interim improvements and
construction; and
WHEREAS, City Council authorization is needed to amend the
1997-98 budget and the Municipal Fee Schedule as hereinafter set
forth.
NOW, THEREFORE, the Council of the City of Palo Alto does
ORDAIN as follows:
SECTION i. The sum of Five Million Four Hundred Thousand
Dollars ($5,400,000) is hereby appropriated to Capital Improvement
Project No. 19624, Golf Course Improvements, which will be funded
from the anticipated sale of bonds.
SECTION 2. This transaction will have no impact on the Budget
Stabilization Reserve.
SECTION 3. The Municipal Fee Schedule is hereby amended to
reflect changes shown in Exhibit A, which is attached hereto and
incorporated herein by reference.
SECTIQN 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 .
. CTION Y , The City Council approved a Mitigated Negative
Declaration for this project in May 1995 (CMR:248:95
). The he
Mitigated Negative Declaration determined that any potential impacts
can :3 mitigated to less than significance, and have been
incorporated it o the design of the Droject.
SECT ION 6
Municipal Code,
.s provided in Section 2.04.350 of the Palo Alto
this ordinance shall become effective upon adoption.
INTRODUCED AND PASSED:
AYES: ANDERSON, EAKINS, FAZZINO, HUBER, KNISS, MCCOWN, ROSENBAUM, SCHNEIDER,
WHEELER
NOES:
ABSTENTIONS :
ABSENx
ATTES 3' :
City Clerk
APPROVED AS TO FORM:
July 21, 1997
APPROVED:
Mayor
City Manager
Senior Asst. City Attorney Acting Director, Administrative
Services Department
Director of Comm unity Services
Department