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HomeMy WebLinkAbout2012-09-18 Ordinance 5164ORDINANCE NO.5164 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 2013 TO PROVIDE AN APPROPRIATION OF $250,000 TO CAPITAL IMPROVEMENT PROGRAM PROJECT NUMBER PE-86070, STREET MAINTENANCE, FOR THE ALMA STREET HIGHWAY SAFETY IMPROVEMENT PROGRAM PROJECT 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 18, 2012 did adopt a budget for fiscal year 2013; and B. In fiscal year 2013, the Council appropriated $4,653,635 for CIP Project PE-86070, Street Maintenance, for annual resurfacing, slurry seal,-crack seal, and reconstruction of city streets. Included in CIP Project PE- 86070 is the Alma Street Highway Safety Improvement Program (HSIP) Project to resurface and make safety improvements along Alma Street; and C. In 2011, the City was awarded a grant of $250,000 by the California Department of Resources Recycling and Recovery for the use of rubberized pavement. An appropriation of $250,000 to CIP Project PE-'86070 is needed to authorize expenditures related to the grant for the use of rubberized pavement along Alma Street; and D. City Council authorization is needed t9 amend the 2013 budget as hereinafter set forth. SECTION 2. The sum of Two Hundred Fifty Thousand Dollars ($250,000) is hereby appropriated to CIP Project PE-86070, Street Maintenance, for the Alma Highway Safety Improvement Program Project. SECTION 3. The Capital Projects Fund will be reimbursed by grant funding from the California Department of Resources Recycling and Recovery in the amount of Two Hundred Fifty Thousand Dollars ($250,000).