HomeMy WebLinkAbout2010-12-13 Ordinance 5109ORDINANCE NO.S109
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING
THE BUDGET FOR FISCAL YEAR 2011'TO ACCEPT A DONATION IN THE
AMOUNT OF $275,000 FROM THE PALO ALTO LIBRARY FOUNDATION;
ESTABLISH CAPITAL IMPROVEMENT PROGRAM PROJECT NUMBER LB-
11000, FURNITURE AND TECHNOLOGY FOR MEASURE N PROJECTS; AND
PROVIDE AN APPROPRIATION IN THE AMOUNT OF $275,000 TO CIP
PROJECT LB-11000
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. 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 library and community center
capital improvements. The proceeds from the GO bond authorized
by the measure will be used to construct a new Mitchell Park
Library and Community Center, expand and renovate Main
Library, and renovate Downtown 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. In 2008, Group 4 Architecture, the firm hired by the
City to design the bond measure projects, estimated the costs
of furniture, equipment and fixtures to be at $4.3 million for
the three improved facilities plus $0.7 million for associated
costs and contingencies; and
D. 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
system. 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
E. PALF plans to collect the donations made to its
fundraising campaign and turn the proceeds over to the City.
The gifts will be timed to make the funds available as
furniture and technology are needed for the individual
building projects. The first gift of $275,000 was presented
at the September 6, 2010 City Council meeting, and will be
used to fully fund all required furniture and technology needs
at Downtown Library; and