HomeMy WebLinkAbout2008-02-19 Ordinance 4988ORDINANCE NO. 4988
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 2007-08 TO
PROVIDE AN ADDITIONAL APPROPRIATION OF $71,556 TO
CAPITAL IMPROVEMENT PROGRAM (CIP) PE-08002, PEERS PARK
IMPROVEMENTS
The Council of the City of Palo Alto does ordain as follows:
of the City of Palo Alto finds
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the Charter of the City of Palo Alto, the Council on June 11, 2007
did adopt a budget for fiscal year 2007-08; and
B. In fiscal year 2007-08, the City Council appropriated
$444,000 for CIP Project PE-08002, Peers Park Improvements
(Project) to cover the costs of the design and construction; and
C. Design was completed leaving a balance of $397,020 from
the appropriation to cover for the construction cost of the
project. $71,556 additional fund needed to award the
construction contract; and
D. This project was put out to bid; the low bid is higher than
the amount available, and an additional funding of $71,556 is
required to construct the project; and
E. The total additional appropriation of $71,556 will be
F. The appropriation of fund for CIP Project PE 08002, Peers
Park Improvements is a one-time event, and in future years
maintenance and replacement costs will be included in the City's
budget; and
G. City Council authorization is needed to amend the 2007 08
budget to make available the funds required for construction of
CIP Project PE-08002, Peers Park Improvements.
SECTION 2. The sum of Seventy One Thousand Five Hundred Fifty
Six Dollars ($71,556) is hereby appropriated to CIP Project PE-
08002, Peers Park Improvements.
SECTION 3. The Capital Project Fund Infrastructure Reserve is
hereby reduced by Seventy One Thousand Five Hundred Fifty Six
Dollars ($71,556) to Sixteen Million Four Hundred Ninety Three
Thousand One Hundred Sixty Six Dollars ($16,493,166) as shown in
Exhibit A.
SECTION 4. The transactions above will have no impact on the
General Fund Budget Stabilization Reserve.
SECTION 5. As specified in Section 2.28.080(a) of the Palo
Alto Code, a two-thirds vote of the City Council is
this ordinance .
. ~~~ .............. _. _SECTION_6-.~A~prrnddedH in Section 2. O_4~_330 of~the Palo Al~t~o~~ __ _
Municipal Code, this ordinance shall become effective upon
adoption.
==~~=-~. The Council of the City of Palo Alto hereby finds
that this project is exempt from the provisions of the California
Environmental Quality Act (CEQA) pursuant to Sections 15301 and
15302 of the CEQA Guidelines, and therefore, no environmental
impact assessment is necessary.
INTRODUCED AND PASSED:
AYES:
NOES:
ABSTENTIONS:
ATTEST:
i Y Clerk
APPROVED AS TO FORM:
February 19, 2008
BARTON, BURT, DREKMEIERI ESPINOSA 1
KISHIMOTO, KLEIN, MORTON, SCHMID I YEH
APPROVED:
c~
Direct