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HomeMy WebLinkAbout2014-05-19 Ordinance 5245ORDINANCE NO.S245 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 2014 TO INCREASE THE APPROPRIATION FOR THE MAGICAL BRIDGE PLAYGROUND PROJECT (PE-12013) BY $150,000. A CORRESPONDING INCREASE TO THE BUDGETED ESTIMATE FOR REVENUE FROM OTHER AGENCIES IN THE CAPITAL IMPROVEMENT FUND IS ALSO RECOMMENDED TO REFLECT ANTICIPATED GRANT PROCEEDS FROM THE COUNTY OF SANTA CLARA COUNTY PARK CHARTER FUND. The Council of the City of Palo Alto does ordain as follows: SECTION 1. The Council of the City of Palo Alto finds and determines as follows: A. Pursuant to the provisions of Section 12 of Article III of the Charter of the City of Palo Alto, the Council on June 10, 2013 did adopt a budget for fiscal year 2014; and B. On April 14, 2014 the County of Santa Clara Board of Supervisors approved a motion authorizing staff to bring forward an agreement with the City of Palo Alto for utilization of $150,000 from the County's Park Charter Fund, to be used for the construction of the Magical Bridge Playground and other improvements at Mitchell Park associated with the new playground; and c. F. City Council authorization is needed to amend the 2014 budget as hereinafter set forth. SECTION 2. The sum of One Hundred Fifty Thousand Dollars ($150,000) is hereby appropriated to CIP Project PE-12013, Magical Bridge Playground. SECTION 3. The estimate for Revenue from Other Agencies is hereby irtcreased to account for anticipated grant funds from the Santa Clara County Park Charter Fund. SECTION 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. SECTION 5. As provided in Section 2.04.330 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. INTRODUCED AND PASSED: May 19, 2014 AYES: BERMAN, BURT; HOLMAN, KLEIN, KNISS, PRICE, SCHARFF, SCHMID, SHEPHERD NOES: ABSTENTIONS: ABSENT: ATTEST: APPROVED AS TO FORM: Senior Assistant City Attorney /'~ ~ "~ity Department Direct Services Services