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HomeMy WebLinkAbout2014-08-11 Ordinance 5265ORDINANCE N0.5265 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR FISCAL YEAR 2015 TO REDUCE THE TRANSPORTATION MANAGEMENT ASSOCIATION NON-DEPARTMEN'l'AL RESERVE BY $150,000 AND REDUCE THE GENERAL FUND BUDGET STABILIZATION RESERVE BY $30; 000 AND INCREASE THE PLANNING AND COMMUNITY ENVIRONMENT DEPARTMENT APPROPRIATION BY $180,000 FOR THE TRANSPORTATION MANAGEMENT ASSOCIATION STUDY. 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 16, 2014 did adopt a budget for Fiscal Year 2015; and B. As part of a .multi-pronged approach to reduce traffic and parking demand, the City Council has directed that a Transportation Management Association be created to provide information and coordinate incentives that encourage the use of transportation alternatives; and C. On April 21, 2014, the City issued a Request for Proposals (RFP) for assistance in developing a Transportation Management Association; and D. Moore Iacofano Goltsman (MIG) was selected to support the development of the a Transportation Manage~ent Association for a three-year period for a total of $49~,880 of which $180,000 will be spent in Fiscal Year 2015; and''. E. Included in the adopted Fiscal Year 2015 non- departmental. budget was a $150,000 reserve for the Transportation Management Association study; and F.·· An additional $30, 000 will be appropriated from the General Fund Budget Stabilization Reserve to the Planning