HomeMy WebLinkAbout1996-04-22 Ordinance 4346• •
ORDINANCE NO. 4346
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 1995-96 TO CREATE
AND FUND A NEW CAPITAL IMPROVEMENT PROJECT, "GOLF COURSE
IMPROVEMENTS"
WHEREAS, pursuant to the provisions of Section 12 of Article
III of the Charter o'f the City of Palo Alto, the Council on June
19, 1995 did adopt a budget for fiscal year 1995-96; and
WHEREASP Council approved a Golf Course Master Plan on May 15,
1995; and
Wh~REAS, improvements to the golf course are needed to pr~s:er-..re
the course for the future enjoyment of the golfing community, and
include upgrading the aging irrigation system, improving drainage,
and rebuilding and reshaping aging greens, tees, bunkers and traps;
and
WHEREAS, whereas consultant services are now required to
provide design services for master plan improvements; and
WHEREAS, the budget needs to be amended to create and fund
Capital Improvement Project {CIP) number 19624, for 11 Golf Course
Improvements"; and
WHEREAS, the funding of $458,000 for design will initially come
from the General Fundjs Budget Stabilization Reserve {BSR); and
WHEREAS, it is the City 1 s intent to issue debt financing in the
future to fund both the design and subsequent construction of the
project; and
WHEREAS, the City's intent to issue debt is evidenced by a
formal Resolution, accompanying this budget amendment ordinance; and
submitted for the approval of the City Council; and
h~REAS, 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
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NOW, THEREFORE~ the Council of the City of Palo Alto does
ORDAit: ae follows :
SECTION 1. Capital Improvement Project (CIP) 19624, "Golf
Course ImprovementsH is hereby created.
SBO:IQB 4. The sum of Four Hundred Fifty Eight Thousand
Dollars ($458,000) is hereby transferred from the General Fund
Budget Stabilization Reserve~ to the appropriation for Capital
Improvett~nt Project Number 19624, Golf Course Improvements.
SECTION J. The appropriation transfers approved by Section
2 will reduce the Budget Stabilization Reserve from $15,504,185 to
$15,046,185.
SECTI~. As specified in Section 2. 28.080 (a) of the Palo
.A..lto Municipal Code, a two-thirds vote of the City Council is
required to adopt this ordinance.
SEctiON 5 The Council of the City of Palo Alto hereby finds
that the enactment of this ordinance is not a project under the
California Environmental Quality Act andi therefore, no
environmental impact assessment is necessary.
SECTION D· As provided in Section 2.04.350 of the Palo Alto
Municipal Code, this ordinance shall become effective upon adoption.
INTRODUCED AND P .. lLSSED: April 22, 1996
AYES: ANDERSEN~ FAZZINO, HUBER, KNISS, MCCOWN, ROSENBAUM, SCHNEIDER, SIMITIAN,
WHEELER
NOES:
ABSTENTIONS:
ABSENT:
ATTEST:
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APPROVED AS TO FORf.1:
~ .. ------CAJ. f2--l •<---1 Senior Asst. City Attorney
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APPROVED:
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