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HomeMy WebLinkAbout2010-07-26 Ordinance 5086ORDINANCE NO. 5086 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 2011 TO PROVIDE AN ADDITIONAL APPROPRIATION OF $481,266 TO CAPITAL IMPROVEMENT PROGRAM (CIP) PROJECT WQ-l000l, PLANT MASTER PLAN 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 28, 2010 did adopt a budget for fiscal year 2011; and B. In fiscal year 2010, the City Council appropriated $500,000 for CIP Project WQ-l000l(Project) to cover the costs of a study of the existing water treatment facilities. The study will include cap,ital replacement needs, regulatory compliance, land- use, economic and environmental issues; and C. This project was put out to bid; the low bid is higher than the amount appropriated, and an additional funding of $481,266 is needed to award the bid of the Project; and D. Instead of drawing from the Waste Water Treatment Fund Rate Stabilization Reserve (RSR) to fund the additional amount needed, additional appropriation of $481,266 will be funded by a transfer from CIP Project WQ-04010 Replace Existing Reclaimed Water Pipe Project. The Reclaimed Water Pipe Project has been completed and has remaining appropriations that were not yet returned to the RSR; and E. City Council authorization is needed to amend the 2011 budget to make available the funds needed for CIP Proj ect WQ- 10001, Plant Master Plan. SECTION 2. The appropriation for CIP Project WQ-04010, Replace Existing Reclaimed Water Pipe is hereby reduced by Four Hundred Eighty One Thousand Two Hundred Sixty Six Dollars ($481,266). SECTION 3. The sum of Four Hundred Eighty One Thousand Two Hundred Sixty Six Dollars ($481,266) is hereby appropriated to CIP Project WQ-l000l, Plant Master Plan. SECTION 4. The transactions above will have no impact on the Wastewater Treatment Fund Rate Stabilization Reserve.