HomeMy WebLinkAbout2009-08-03 Ordinance 5048ORDINANCE NO. 5048
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR FISCAL YEAR 2010 TO ACCEPT A
DONATION IN THE AMOUNT OF $348,800 FROM THE FRIENDS OF
LYTTON PLAZA, LLC AND PROVIDE ADDITIONAL APPROPRIATION OF
$398,800 TO THE CAPITAL IMPROVEMENT PROGRAM (CIP) PROJECT
PE-08004, LYTTON PLAZA RENOVATION
The Council of the City of Palo Alto does ORDAIN as
follows:
SECTION 1. The City 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_Chart.er.of .. thee ity _o.f Ea 10 ~ltD,_ the _Co_unciL on . June lS, _ 2 009
did adopt a budget for Fiscal Year 2010; and
B. On June 16, 2008, Council approved a letter of intent
between the City and the Friends of Lytton Plaza, LLC to begin
design of Lytton Plaza (CMR:281:08). In Fiscal Year 2008, the City
Council adopted a budge~ for CIP Project PE-08004, Lytton Plaza
Renovation (Project), with an initial appropriation of $50,000 for
the design cost of the Project; and
C. In Fiscal Year 2009, the City Council increased the
appropriation by $300,000 to cover City's share in the construction
cost of the Project, bringing total appropriation to $350,000; and
D. On August 3, 2009, the City Council approved a limited~term
agreement with the Friends of Lytton Plaza, LLC (Friends) for
improvements located within Lytton Plaza, including the
installation of new paving, water fountain, site amenities,
landscaping and other improvements consistent with the Park
Improvement Ordinance. Under the terms of the agreement, the
Friends will deposit accumulated donations for the Project of
S348, 800 into a City-designated account. Tne Friends funds are
matched with the $350,000 in Capital Improvement Project funds that
Council approved for the CIP Project PE-08004 in Fiscal Year 2009;
and
E. The total estimated cost of the Project is $748,800 which
includes additional funding of $50,000 for sidewalk resurfacing,
not originally part of the Project's scope of work. The
Infrastructure Reserve will provide the fund for the additional
scope of work; and
F. The appropriation of funds for CIP Project PE-08004, Lytton
Plaza Renovation is a one-time event, and in future years·
maintenance and replacement costs will be included in the Community
Services Department's budget; and
G. City Council authorization is needed to amend the Fiscal
Year 2010 budget as hereinafter set forth.
SECTION 2. Donation revenue from the Friends of Lytton Plaza,
LLC of Three Hundred Forty Eight Thousand Eight Hundred Dollars
($348,800) is hereby received and, is appropriated to CIP Project
PE-08004.
SECTION 3. The sum of Fifty Thousand Dollars ($50,000) is
hereby appropriated to CIP Project PE-08004 bringing total
appropriation (including action taken in Section 2) to $398,800.
SECTION 4. The Capital Project Fund Infrastructure Reserve is
hereby decreased by Fifty Thousand Dollars ($50,000) with a
rema-ining -balance o-f---F-ive Million-One Hundred--Sixty-Pflousancl
Dollars ($5,160/000) as shown in Exhibit A.
SECTION 5. The transactions above will have no impact on the
General Fund Budget Stabilization Reserve.
SECTION 6. As specified Section 2.28.080(a) of the Palo
Ai to Municipal Code, a two-thirds vote of the City Council is
required to adopt this ordinance.
SECTION 7. The Council of the City of Palo Alto hereby finds
that this not a project under the California Environmental
Quality Act and, therefore, no environmental impact assessment is
necessary.
SECTION 8.
Municipal Code/
adoption.
AS provided in Section 2.04.330
this ordinance shall become
INTRODUCED AND PASSED: AUGUST 3/ 2009
the Palo Alto
effective upon
AYES: BURT/ DREKMEIER, ESPINOSA, KLEIN, MORTON, SCHMID, YEH
NOES:
ABSTENTIONS:
ABSENT: BARTON, KISHIMOTO
~-fIUk City Cle~~
APPROVED AS TO FORM:
APPROVED:
Mayor
e Dir~tY Services
Department
~ 5"81 2 -../,..~
Dlrector of Administrative
Services