HomeMy WebLinkAbout2003-07-14 Ordinance 4798ORDINANCE NO. 4798
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE. BUDGET FOR THE FISCAL YEAR 2003-04 TO ACCEPT
AND EXPEND GRANT FUNDS IN 'THE TOTAL AMOUNT OF $2,556,510
AND A $3,011,500 LOAN FROM THE GENERAL FUND BUDGET
STABILIZATION RESERVE TO BE REIMBURSED BY GRANT FUNDING
FOR THE CONSTRUCTION OF A BICYCLIST AND PEDESTRIAN TUNNEL
UNDER THE CALTRAIN TRACKS CONNECTING THE SOUTH OF FOREST
AREA AND DOWNTOWN PALO ALTO TO THE PALO ALTO MEDICAL
FOUNDATION (PAMF), SHERATON HOTEL AND SURROUNDING AREA
(CIP 10121, HOMER AVENUE CALTRAIN UNDERCROSSING PROJECT)
SECTION 1. The City Council of the City of Palo Alto finds and
determines as follows:
A. Pursuant to theprovlslons of Section 12 of Article III of
the Charter of the City of Palo Alto, the Council on June 16, 2003
did adopt a budget for fiscal year 2003-04: and
B. Council approved the creation of CIP 10121, Homer Avenue
Caltrain Undercrossing project for the construction of a bicyclist
and pedestrian tunnel under the Caltrain tracks connecting the
South of Forest Area and Downtown Palo Alto to the PAMF, Sheraton
Hotel and Surrounding Area; and
C. The following agencies have awarded the City grants:
Transportation Fund for Clean Air program funds (TFCA), Federal
Transportation Enhancements program (TEA), State Matching Funds for
TEA program (STIP), Transportation Development Act Funds from VTA
(TDA), Transportation for Livable Communities (TLC), and Measure B
Funds, Bicycle Expenditure Program, which will provide for
additional expenditures in CIP project 10121: and
D. The project grant funding is falling behind the anticipated
cortstruction timeline and the City is committed to this project so
this loan is being made to this capital improvement project and
will be repaid to the General Fund Budget Stabilization Reserve as
the reimbursable grant funding is received: and
E. The City has determined that a loan amount of $3,011,500
from the General Fund Budget Stabilization Reserve for the Homer
Avenue Cal train Undercrossing Project is needed to make the project
feasible and that the Budget Stabilization Reserve will be
reimbursed upon receipt of grant funding: and
F. $21,346,867 is available in the General Fund Budget
Stabilization Reserve; and
G. The appropriation of funds requested from the General Fund
is a one-time cost and no future year ongoing costs are
anticipated; and
H. City Council authorization is needed to accept and expend
the grant receipts and the General Fund Budget Stabilization
Reserve loan; and
I. City Council authorization is needed to amend the 2003-04
budget as hereinafter set forth.
SECTION 2. Grant revenue in CIP Project Number 10121 is
increased by Two Million Five Hundred Fifty-Six Thousand Five
Hundred Ten Dollars ($2,556,510) for receipt of grant funds (see
table below) :
Grant Source Grant Amount
TFCA, Transportation Fund for $ 324,320
Cl~an Air Program Funds
TEA, Federal Transportation $ 502,000
Enhancements Program
STIP, State Matching Funds for $ 66,190
TEA Program
TDA, Transportation Development $ 200,000
Act Funds from VTA
TLC, Transportation for Livable $ 464,000
Communities
Measure B Funds, Bicycle $1,000,000
Expenditure Program
$2,556,510
The sum of Two Million Five Hundred Fifty-Six
Thousand Five Hundred Ten Dollars ($2,556,510) is hereby
appropriated to CIP 10121.
SECTION 4. A note receivable of Three Million Eleven Thousand
Five Hundred Dollars ($3,011,500) is thus established on behalf of
CIP 10121 within the General Fund Budget Stabilization Reserve.
This transaction will reduce the General Fund
Budget Stabilization Reserve from $21,346,867 to $18,335,367.
~~~~~. As specified in Section 2.28.080(a) of the Palo
Al to Municipal Code, a two-thirds vote of the City Council is
required to adopt this ordinance.
SECTION 7. The Council approved a Mitigated Negative
Declaration for the Homer Avenue Cal train undercrossing Project on
April 8, 2002 finding that there is no substantial evidence that
the project would have a significant effect on the environment.
Budget Amendment Ordinances Impacting General Fund Reserves Approved-To-Date in 2003-04
A venue Undercrossing Note Reeeivable
BSR Balance After BAO's
$21,346,867
($3,011,500)
I $18,335,367 I
This project is subject to the requirements of the National
Environmental Policy Act (NEPA).
SECTION 8. As provided in Section 2.04.350 of the Palo Alto
Municipal Code, this ordinance shall become effective upon
adoption.
INTRODUCED AND PASSED: July 14, 2003
AYES: Beecham, Burch, Kishimoto, Morton, Mossar, Ojakian
NOES: Freeman, Kleinberg, Lytle
ABSTENTIONS:
ABSENT:
ATTEST: APPROVED:
~r\ _J __ -,,--...c:-_~~.'-~ ____ _
Mayor
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City· Manager
APPROVED AS TO FORM:
Adffiinistratlve
Director