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HomeMy WebLinkAbout2011-11-19 Ordinance 5137ORDINANCE NO. 5137 Ordinance of the Council of the City of Palo Alto Amending the Budget for Fiscal Year 2012 to Accept a Donation in the Amount of $1,900,000 from the Palo Alto Library,Foundation; Accept $15,000 from the Pacific Library Partnership; Provide an Appropriation in the Amount of $1,400,000 to CIP Project Lb-ll000, Furniture and Technology for Library Projects; and Provide an Appropriation in the Amount of $515,000 to the Library Department in the General Fund,. 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 P~lo Alto, the Council on . June 20, 2011 did adopt a budget for fiscal year.2012; and B. On November 4, 2008, Palo Alto voters passed Measure N, authorizing the issuance of up to $76 million in general obligation (GO) bonds,to fund liprary and community center capital improvements. The proceeds from the GO bond authorized by the. measure were used to renovate Downtown Library, and are being used to construct a new Mitchell Park Library and Community Center, and expand and renovate Main Library. By state law, proceeds of a GO bond cannot be used to purchase non-capital furniture, equipment, and fixtures for the facilities; and C. The Palo Alto Library Foundation (PALF), a 501c (3) nonprofit organization has been a strong partner for the City, with records of success in financial support of the library sys·tem. Following the passage of Measure N, the Board of Directors 'of PALF agreed to undertake a campaign to fund the needed furniture and technology for the library and community center projects; and D. PALF collects the donations made to its fundraising campaign and turns the proceeds over to the Ci ty . PALF already successfully raised $275,000 to fully fund furniture and equipment needs at Downtown Librq.ry, the first· completed Measure N project which reopened in July 2011; and E. The City estimates the cost of furniture, technology and additional collection materials for the new Mitchell Park Library/Community Center is $1,900,000; and F. At the December 19, 2011 City Council meeting, PALF will present the City with a gift in the amount of $1,900,000 to fully fund all required furniture and technology needs at the new Mitchell Park Library/Community Center and the· purchase of collection materials such as books for the expanded library facility; and G. The Pacific Library Partnership (PLP) holds money for Silicon Valley Library System member libraries to use for technology expenditures. This fund was created many years ago with the intention that it would help offset specific technology costs on a formula basis for the member libraries; and H. At the December 19, 2011 City Council meeting, PLP will transfer $15,000 in library technology funds to the City for a r.edesign of .the Library website; and I. City Council authorization is needed to amend the 2012 budget as hereinafter set forth. SECTION 2. Donation revenue from the Palo Alto Library Foundation of One Million Nine Hundred Thousand Dollars ($1,900,000) is hereby received. SECTION 3. The sum of One Million Four Hundred Thousand Dollars ($1,400,000) is hereby appropriated to CIPProj ect Number LB-11000. SECTION 4. The sum of Five Hundred Thousand Dollars ($500,000) is hereby appropriated to the Library Department in the General Fund. SECTION 5. Donation revenue from the Pacific Library Partnership of Fifteen Thousand Dollars ($15,000) is-hereby received. SECTION 6. The sum of Fifteen Thousand Dollars ($15,000) is hereby appropriated to the Library Department in the General Fund. SECTION 4. The transactions above wi~l have no impact on the Capital Project Fund Infrastructure Reserve balance or ort the General Fund Budget Stabilization Reserve balance. SECTION 7. As specified in Section 2.28.080 (a) of the Palo Al to Municipal Code, a two-thirds vote of the City Council is required to adopt this ordinance. SECTION 8. As provided in Section 2.04.330 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption.