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HomeMy WebLinkAbout2013-09-09 Ordinance 5210) } ORDINANCE NO.5210 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 2014 TO PROVIDE AN APPROPRIATION OF $585,000 FROM THE BUDGET STABILIZATION RESERVE FOR SPECIAL ELECTION COSTS FOR THE REFERENDUM ON THE ORDINACE TO REZONE THE PROPERTY LOCATED AT 567-595 MAYBELL AVENUE. 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 10, 2013 did adopt a budget for fiscal year 2014; and B. On August 8, 2013 the City Council adopted Resolution No. 9368 calling for a special election for the referendum on the ordinance to rezone the property located at 567-595 Maybell Avenue from R-2 low density residential and RM-15 multiple family residential to PC Planned Community Overlay to permit a 12 single family unit and a 60 unit multi-family affordable rental development for seniors, for November 5, 2013; and C. As the referendum election costs are not budgeted items, the City Council must approve a Budget Amendment Ordinance for the expenses from both the Registrar of Voters and the City Clerk's Department; and D. An appropriation of Five Hundred Eighty-Five Thousand ($585,000) is needed to fund costs for the election; and E. City Council autharizat,ion, is ne,ede,d, to amend the 2014 budget as hereinafter set forth. SECTION 2. The sum of Five Hundred Eighty-Five Thousand ($585,000) is hereby appropriated to the Non-Departmental operating budget and the General Fund Budget Stabilization Reserve is correspondingly reduced. SECTION 3. The General Fund Budget Stabilization Reserve is -hereby reduced by Five Hundred Eighty-Five Thousand ($585,000) to Twenty-Nine Million Four Hundred Ninety Six Thousand Dollars ($29,496,000) . SECTION 4. As provided in Section 2.04.330 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. SECTION 5. The actions taken in this ordinance do not constitute a project requiring environmental review under the California Environmental Quality Act (CEQA). INTRODUCED AND PASSED: September 9, 2013 AYES: BURT, HOLMAN, KLEIN, PRICE, SCHARFF, SCHMID, SHEPHERD NOES: ABSTENTIONS: lor Assist Attorney KNISS APPROVED: Mayor