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HomeMy WebLinkAbout2012-11-05 Ordinance 5169ORDINANCE NO.5169 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 2013 TO PROVIDE AN APPROPRIATION OF $549,000 TO CAPITAL IMPROVEMENT PROGRAM PROJECT NUMBER PE-86070, STREET MAINTENANCE, FOR THE SURFACE TRANSPORTATION PROGRAM . RESURFACING PROJECT: LYTTON AVENUE AND CHANNING 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 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 Surface Transportation Program (STP) Resurfacing Project: Lytton Avenue and Channing Avenue; and C. In April 2012, the City was awarded an STP grant of $549,000 by the California Department of Transportation. An appropriation of $549,000 to CIP Project PE-86070 is needed to authorize expenditures related to the grant for repaving Lytton Avenue and Channing Avenue; and D. City Council authorization is needed to amend the 2013 budget as hereinafter set forth. SECTION 2. The sum of Five Hundred Forty-Nine Thousand . Dollars ($549,000) is hereby appropriated to CIP Project PE- 86070, Street Maintenance, for the STP Resurfacing Project: Lytton Avenue and Channing Avenue. SECTION 3. The Capital Projects Fund will be reimbursed by grant funding from the California Department of Transportation in the amount of Five Hundred Forty-Nine Thousand Dollars ($549,000).