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HomeMy WebLinkAbout1996-10-15 Ordinance 4376ORDINANCE NO. 4376 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 1996-97 TO ALLOCATE REVENUE FROM THE AIRPORTS COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO TO BE USED FOR MARSH RESTORATION AT HARBOR POINT WHEREAS, pursuant to the provisions of Section 12 of Article ILI 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 18918, Harbor Improvements, has beer funded through prior and current year appropriations from the Budget Stabilization Reserve; and WHEREAS, the Harbor Improvements CIP (Number 18918) was established pursuant: t.o an agreement with the San Francisco Bay Conservation and Development Commission (BCDC) to develop marsh at Harbor Point; and WHEREAS, the Airports Commission of the City and County of San Francisco (Commission) has a master plan to expand the San Francisco International Airport which will require them t.o develop new wetlands; and WHEREAS, BCDC and US Araay Corps of Engineers has allowed the Commission's Marsh requirements to be fulfilled by funding part of the Harbor CIP 18918; and WHEREAS, in order to meet its requirement to develop new wetlands, the Commission has agreed to e one-time payment of $96,268 to fully cover the City's past and future administrative, design, monitoring and engineering costs; and WHEREAS: in addition, the Commission has agreed to reimburse the City for the costs of construction, on a monthly basis, for a total of $612,237, $306,119 to be received in 1996-97 and $306,118 to be received in 1997-98; 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 Four Hundred Two Thousand Three Hundred Eighty Six ($402,386) is hereby added to revenue in the Public Works Department budget in the General Fund and the General Fund Budget Stabilization Reserve is corresponding increased. SECTION 2. This transaction will increase the Budget Stabilization Reserve from $16,111,391 to $16,513,777. SECTION 3. The City Council certified a mitigated negative declaration (91-EIA-1) on March 18, 1991, for the project, No further review is necessary. SE=246, 4. As provided in Section 2.04.350 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. INTRODUCED AND PASSE October. 15, 1996 AYES: ANDERSEN, FAZZINO, HUBER, KNISS, MCCOWN, ROSENBALTN, WHEELER NOES: ABSTENTIONS: ABSENT: SCHNEIDER, SIMITIAN ATTEST : 4414:;146:47U.24(., (j 2' City Clerk APPROVED AS TO FORM: y e. 63. Senior Asst. City Attorney THIS DOCUMENT IS CERTIFIED TO SE AN ORDINANCE DULY PASSED SY THE COUNCIL O'r 'N. art OF PALO ALTO AND TH L cH ,? rfSR N E� iC. _ CNRi •?::!:SON � f �! + (WITHIN 13 DAYS OF ITS PASSAGE) "I asrtilp for dec!are) uudor pinky of polio, Mat tAc wageless Is MI6 e /Ain f Ma`fiager, Services APPROVED: Deputy City Administrative tme Director of Public Works