HomeMy WebLinkAbout2014-09-22 Ordinance 5270ORDINANCE NO. 5270
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR FISCAL YEAR 2015 IN THE AIRPORT
ENTERPRISE FUND, INCREASING THE ALLOCATION FOR
CONTRACTUAL LEGAL SERVICES IN THE AMOUNT OF $200,000,
OFFSET BY AN INCREASE TO THE TRANSFER FROM THE GENERAL
FUND. IN THE GENERAL FUND, THE TRANSFER TO THE AIRPORT
ENTERPRISE FUND WILL BE INCREASED BY $200,000, OFFSET BY
A REDUCTION TO THE BUDGET STABILIZATION RESERVE.
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. The Palo Alto Airport has been operated by the County of
Santa Clara since 1967, on leased land from the City. In the
period between Fiscal Year 2010 and Fiscal Year 2014, the General
Fund has loaned the Airport Fund a cumulative total of $1,081,804;
and
C. The Fiscal Year 2015 Adopted Budget included a loan from
the General Fund to the Airport Fund in the amount of $560,000,
increasing the cumulative loan amount to $1,641,804; and
D. On August 11, 2014, the City completed the transfer of
sponsorship, operation and management of the Palo Alto Airport,
allowing for the City to qualify for federal funding for an
urgently needed runway improvement project; and
E. As the City was involved in discussions with the County of
Santa Clara, the Federal Aviation Administra~ion, the State Lands
Commission, the City has relied upon the outside legal counsel, in
conjunction with in-house legal support, due to specific expertise
needed for the takeover; and
F. It has been determined that an additional $200,000 is
required for legal services. This funding need, unanticipated in
the development of the FY 2015 Adopted Operating Budget, will
support expenses incurred in the months leading up to the August
2014 Airport takeover, and allow for some minimal level of outside
counsel in the remaining months of the year; and
G. The additional loan of $200,000 will bring the total Fiscal
Year 2015 loan to $760,000 and the total loan amount from the
General Fund to the Airport Fund to $1,841,804.
SECTION 2. The net sum of Two Hundred Thousand Dollars is
hereby transferred from the General Fund to the Airport Fund,
increasing the total Fiscal Year 2015 loan amount to Seven Hundred
Sixty Thousand Dollars. The allocation in the Airport Fund for
contractual services is hereby increased by Two Hundred Thousand
Dollars. In the General Fund, the transfer to the Airport Fund is
hereby increased by Two Hundred Thousand Dollars, to a total of
Seven Hundred and Sixty Thousand Dollars. Offsetting the increased
transfer to the Airport Fund is a reduction to the Budget
Stabilization Reserve in the amount of Two Hundred Thousand
Dollars.
SECTION 3. As provided in Section 2.04.330 of the Palo
Alto Municipal Code, this ordinance shall become effective upon
adoption.
SECTION 4. The Council of the City of Palo Alto hereby finds
that this is not a project under the California Environmental
Quality Act and, therefore, no environmental impact assessment is
necessary.
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INTRODUCED AND PASSED:
AYES: BERMAN,
SCHARFF,
NOES:
ABSTENTIONS:
ABSENT:
AT EST:
APPROVED AS TO FORM:
September 22, 2014
BURT, HOLMAN, KLEIN, KNISS, PRICE,
SCHMID, SHEPHERD
APPROVED:
Direc
Director of
Services
Works