HomeMy WebLinkAbout2014-06-23 Ordinance 5261ORDINANCE N0.5261
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 2015 TO
PROVIDE AN ADDITIONAL APPROPRIATION OF $2,501,569
TO CAPITAL IMPROVEMENT PROGRAM PROJECT NUMBER PG-
13003, GOLF COURSE RECONFIGURATION AND BAYLANDS
ATHLETIC CENTER IMPROVEMENTS PROJECT AND RECOGNIZE
$1,300,000 IN REVENUE FROM RECLAIMED SOIL IMPORTS
AND APPROVE THE·NEED OF AN ADDITIONAL $1,148,437 IN
CERTIFICATE OF PARTICIPATION PROCCEEDS FOR AN
AGGREGATE AMOUNT $6,148,437 TO FINANCE THE
CONSTRUCTION OF THE GOLF COURSE RECONFIGURATION.
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 provlslons of Section 12 of Article
III of the Charter' of the City of Palo Alto, the Council on
June 16, 2014 did adopt a budget for Fiscal Year 2015; and
B. On July 23, 2012 City Council approved the Golf Course
Reconfiguration Project (CIP Project PG-13003) that includes a
reconfiguration of the Course and 10. 5 acres for playing
fields or other recreational amenities; and
C. The City Council amended the Fiscal Year 2013 Golf
Course Reconfiguration project budget to provide ·funding in
the amount of $545,338 from the Infrastructure Reserve to
expand the contract with Golf Course Architect Forrest
Richardson, to develop Golf Course design options and complete
the required Environmental Impact Report; and
D. The Fiscal Year 2014 capital budget included an
appropriation of $8,000, 000 for construction bringing the
total appropriation for CIP Project PG-13003 to $8,545,338, an
amount insufficient to cover the revised project cost of
$11,046,907; and
E. To date, $598,470 has been expended in CIP Project PG-
13003, leaving an available balance of $7,946,868, requiring
additional funding of $2,501,569 for a total of $10,448,437;
and
F. The Fiscal Year 2014 budget for CIP Project PG-13003
assumed $3,000,000 in revenue from the San Franscisquito Creek
Joint Powers Authority and $5,000,000 in certificate of
participation proceeds, which is an insufficient amount to
cover current project needs; and
G. Additional revenue of $1,300,000 from the use of
reclaimed soil has been identified to offset the cost of
construction; and
H. Therefore, an additional amount of $1,148,437 in
certificate of participation proceeds, the aggregate principal'
amount of $6,148,437, will be needed forth~ financing of the
Golf Cour~e Reconstruction Project for Council consideration
in Fiscal Year 2015.
SECTION 2. The sum of Two Million Five Hundred One
Thousand Five Hundred Sixty Nine ($2,501,569) is hereby
appropriated to CIP Project PG-13003, Golf Course
Reconfiguration and Baylands Athletic Center Project.
SECTION 3. The sum of One Million Three Hundred Thousand
($1,300,000) is hereby recognized as revenue from reclaimed
soil for CIP Project PG-13003, Golf Course Reconfiguration and
Baylands Athletic Center Project.
SECTION 4. The sum of One Million One Hundred Forty Eight
Thousand Four Hundred Thirty Seven ($1, 148, 437) is hereby
recognized as revenue as from additional certificate of
participation proceeds for CIP Project PG-13003, Golf Course
Reconfiguration and Baylands Athletic Center Project.
SECTION 5. 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 6. As provided in Section 2.04.330 of the Palo
Alto Municipal Code, this ordinance shall become effective
upon adoption.
SECTION 7. Per the requirements of the California
Environmental Quality Act (CEQA), this project is
categorically exempt from CEQA, per Section 15311, Accessory
Structures.
INTRODUCED AND PASSED: June 23, 2014
AYES: BERMAN, BURT, HOLMAN, KLEIN, KNISS, PRICE, SCHARFF, SCHMID,
SHEPHERD
NOES:
ABSTENTIONS:
ABSENT:
ATTEST:
APPROVED AS TO FORM:
Works