HomeMy WebLinkAbout2010-12-06 Ordinance 5106ORDINANCE NO. 5106
Approval of a Budget Amendment Ordinance to Fund Transition
of Airport Control from the County to the City and Review
of Information Requested by the Finance Committee
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 28, 2010 did
adopt a budget for fiscal year 2011; and
B. On November 13, 2007 (CMR: 418:07), the Council directed staff
to begin negotiations with the Santa Clara County on an early
termination of the lease between the City and the County for the Palo
Alto Airport and to commence work on the items set forth in the staff
report (CMR: 418:07), including an airport business plan or
evaluation of City options for operating the airport; and
C. On October 19, 2010, the Finance Committee was provided with
an airport business plan which outlined airport management options
(CMR: 379:10); and
D. As staff continues to follow Council direction on an early
takeover of the airport, it has identified preliminary and
substantial financial and staffing commitments for this project; and
E. The establishment of an Airport Enterprise Fund and thE:
resources necessary to move forward with a City takeover of the Palo
Alto Airport are required; and
F. A loan from the General Fund to the Airport Enterprise Fund
is needed to provide the necessary funding to transition the airport
from county control; and
F. Staff has identified an initial need of $300,000 for
environmental analysis, legal and other expert support, and personnel
costs for the airport transition process; and
G. City Council authorization is needed to establish a loan from
the General Fund to the Airport Enterprise Fund.
H. City Council authorization is needed to establish an Airport
Enterprise Fund, and to amend the fiscal year 2011 budget to make an
additional appropriation of $300,000 for environmental analysis,
legal and other expert support, and personnel costs for the airport
transition process; and