HomeMy WebLinkAbout2004-09-27 Ordinance 4840.',
ORDINANCE NO. 4840
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 2004-05 TO
PROVIDE AN ADDITIONAL APPROP~IATION OF $206,150 FOR
ANTICIPATED INCREASED CONTRACT COSTS FOR PREPARATION OF
AN ENVIRONMENTAL IMPACT REPORT (ErR) ON THE
STANFORD/MAYFIELD DEVELOPMENT AGREEMENT AND ASSOCIATED
LEGAL SERVICES
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 prov~s~ons of Section 12 of Article
III of the Charter of the City of Palo Alto, the Council on
June 28, 2004 did adopt a budget for fiscal year 2004-05; and
B. The City Council, on June 23, 2003, authorized the
City Manager, and City Attorney to negotiate a development
agreement with Leland Stanford Junior University (Stanford)
with respect to the proposed development of the Mayfield site
and Stanford Research Park; and
C. The City and Stanford entered into a reimbursement
agreement December 4, 2003 to address anticipated costs of an
Environmental Impact Report (EIR) required in connection with
the development contemplated by the proposed development
agreement; and
D. The reimbursement agreement obligates the City and
Stanford to share equally the costs of the EIR, up to a
maximum contribution by Stanford of $200,000; and
E. The City contracted with EIP Associates to prepare
the EIR for the actions proposed in the development agreement
in the amount of $243,500. Additional environmental services
beyond the scope services in the contract with EIP are
anticipated to be required in this fiscal year in the amount
of $166,150. Additional outside legal services in this fiscal
year are also anticipated in connection with the developmental
agreement and preparation and review of the EIR in the amount
of $40,OOOi and
F. City Council authorization is needed to amend the
2004-05 budget to make available the funds required for
environmental and legal services in connection with the
development of the Mayfield site and Stanford Research Park as
hereinafter set forth.
SECTION 2. The sum of One Hundred Sixty-Six Thousand One
Hundred Fifty Dollars ($166,150) is hereby appropriated to the
Planning and Community Environment, Planning Division
Operating Budget and the General Fund Budget St.abilization
Reserve is correspondingly reduced.
SECTION 3. The sum of Forty Thousand Dollars ($40,OOO) is
hereby appropriated to the City Attorney Department, Operating
Department Support Budget and the General Fund Budget
Stabilization Reserve is correspondingly reduced.
SECTION 4. This transaction will reduce the General Fund
Budget Stabilization Reserve from $21,331,000 to $21,124,850.
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 2.04.350 of the Palo
Alto Municipal Code, this ordinance shall become effective
upon adoption.
INTRODUCED AND PASSED: September 20, 2004
AYES: BEECHAM, BURCH, CORDELL, FREEMAN, KISHIMOTO, KLEINBERG,
MOSSAR, MORTON, OJAKIAN
NOES:
ABSTENTIONS:
ABSENT:
APPROVED AS TO FORM:
~~
Senior Asst. City Attorney
APPROVED:
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Director
Services
Planning
Environment
and