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HomeMy WebLinkAbout2005-12-19 Ordinance 4890ORDINANCE NO. 4890 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 2005-06 TO PROVIDE ADDITIONAL APPROPRIATION OF $965,000 TO CAPITAL IMPROVEMENT PROGRAM (CIP) PROJECT NUMBER PL-05002, CHARLESTON/ARASTRADERO CORRIDOR PLAN The Council of the City of Palo Alto does ordain as follows: SECTION 1. The City 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 20, 2005 did adopt a budget for fiscal year 2005-06; and B. The City Council, in January 2004, approved the Charleston Arastradero Corridor Improvement Plan (the "Plan")consisting of visual frontage improvements (lighting, signage, speed advisory signs), infrastructure improvements (traffic adaptive signal technology, medians, lane reductions, and intersection reconfigurations, lighted crosswalks, vegetation islands, continuous bike lanes, colored asphalt bike lanes, pedestrian bulbouts) and city transit service improvements; and C. The City Council also approved a phasing plan to implement the Plan calling first for installation of the Gunn High School/Arastradero intersection improvements ("Gunn/Arastradero Intersection Improvements") and a demonstration trial of the lane reconfigurations described in the Plan ("Trial Project"); and D. The City Council of the City of Palo Alto did adopt in fiscal year 2005-06 CIP Project Number PL-05002, Charleston/Arastradero Corridor Plan (including the Trial Project and the Gunn/Arastradero Intersection Improvements) with initial funding of $100,000 from an unidentified source; and E. Subsequently, in September 2005, the City Council adopted the Charleston Arastradero Corridor Pedestrian and Bicyclist Safety Impact Fee (the "Fee"), to ensure that new development within the Corridor funds it share of the bicycle and pedestrian safety improvements to the Corridor as described in the Plan, including the Trial Project. The Gunn/Arastradero Intersection Improvements are capacity improvements and are not included in the improvements to be funded by the Fee; and F. The estimated cost to implement the Trial Project and the Gunn/Arastradero Intersection Improvements is $1,065,000; and G. An additional appropriation of $965,000 is needed for CIP Project Number PL-05002 to complete the Trial Project (estimated at $375,000) and the Gunn/Arastradero Intersection Improvements (estimated at $690,000); and H. Funding of $1,065,000 for CIP Project Number PL-05002 will come from Stanford Research Park Traffic Mitigation Impact Fee Fund in the amount of $690,000 for the Gunn/Arastradero Intersection Improvements and from the Charleston Arastradero Corridor Pedestrian and Bicyclist Safety Impact Fee in the amount of $375,000 for the Trial Project; and I. Although $600,000 in Fee revenues are estimated to be collected in the next two years, currently funding from the Charleston Arastradero Corridor Pedestrian and Bicyclist Safety Impact Fee is not available. Therefore, the Infrastructure Reserve, if necessary, will temporarily provide funding for the Trial Project portion of CIP PL-05002 in an amount not to exceed $375,000 and reimbursements will be made to the Infrastructure Reserve as Fee revenues are received; and J. The additional appropriation of funds is for one-time expenditures and if future year ongoing costs are needed they will be included in the operating budget; and K. City Council authorization is needed to amend the 2005-06 budget as hereinafter set forth. SECTION 1. The sum of Nine Hundred Sixty Five Thousand Dollars ($965,000) is hereby appropriated to CIP Project Number PL-05002, Charleston Arastradero Corridor Plan. SECTION 2. The Stanford Research Park Traffic Mitigation Impact Fee Fund is hereby decreased by Six Hundred Ninety Thousand Dollars ($690,000) with a remaining balance of Six Hundred Thirty- one Thousand Six Hundred Eighty Seven Dollars ($631,687) as shown in Exhibit A. Section 3. CIP PL-05002, Charleston/Arastradero Corridor Plan (page 123, 2005-07 Adopted Capital Budget) is hereby amended and replaced in its entirety as shown in Exhibit B attached to this ordinance. SECTION 4. The Infrastructure Reserve shall be available to temporarily fund the Trial Proj ect in an amount not to exceed Three Hundred Seventy-Five Thousand Dollars ($375,000) and shall be reimbursed as fees are collected from the Charleston Arastradero Corridor Pedestrian and Bicyclist Safety Impact Fee. j SECTION 5. As specified in Section 2.28.080 (a) of the Palo Alto Municipal Code, a two-thirds vote of the City Council is required to adopt this ordinance. SECTION 6. As provided in Section 2.04.330 of the Palo Alto Municipal Code, this ordinance will take effect upon its adoption. SECTION 7. The Council finds that the Trial Project and the Gunn/Arastradero Intersection Improvements which are the subject of this ordinance are part of the Charleston/Arastradero Corridor Improvement Plan which was analyzed pursuant to CEQA in a Mitigated Negative Declaration adopted by the City Council as the environmental document for the Corridor Plan on January 27, 2004 in Council Resolution No.8395. INTRODUCED AND PASSED: December 19, 2005 AYES: BEECHAM, BURCH, KISHIMOTO, MORTON, MOSSAR, OJAKIAN NOES: ABSENT: FREEMAN, KLEINBERG ABSTENTIONS: CORDELL APPROVED AS TO FORM: ~~ City AttorneY(5~,4ssf) Director of Services