HomeMy WebLinkAbout2001-01-22 Ordinance 4677ORDINANCE NO. 4677
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING
THE BUDGET FOR THE FISCAL YEAR 2000-01 TO PROVIDE AN
ADDITIONAL APPROPRIATION OF $500,000 FROM THE RESIDENTIAL
HOUSING IN-LIEU FUND FOR CONTRIBUTION TO THE HOUSING TRUST OF
SANTA CLARA COUNTY
WHEREAS, pursuant to the prOV1Slons of Section 12 of Article
III of the Charter of the City of Palo Alto, the Council on June 19,
2000 did adopt a budget for fiscal year 2000-01; and
WHEREAS, on October 23, 2000 the City Council adopted a
mo'tion pledging a contribution of $500,000 from the Residential
Housing In-Lieu Fund to the Housing Trust of Santa Clara County;
and
WHEREAS, the purpose of the housing trust is to increase
local funding for affordable housing development and assistance
within Santa Clara County; and
WHEREAS, City participation in the housing trust is
anticipated to increase the available funding for affordable
housing projects in Palo Alto; and
WHEREAS, sufficient funds are available within the
Residential Housing-In-Lieu Fund; and
WHEREAS, the additional appropriation of funds requested
from the Housing In-Lieu Fund is for a one-time cost and no
future year ongoing costs are anticipated; and
WHEREAS, City Council authorization is needed to amend the
2000-01 budget as hereinafter set forth.
NOW, THEREFORE, The Council of the City of Palo Alto does
ordain as follows:
SECTION 1. The sum of Five Hundred Thousand Dollars
($500,000) is hereby appropriated to non-salary expenses in the
Residential Housing In-Lieu Fund.
SECTION 2. This transaction will reduce the Residential
Housing-In-Lieu Fund reserve from $1,936,491 to $1,436,491.
SECTION 3. 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 4. The Council of the City of Palo Alto hereby
finds that this project is exempt from the provisions of the
California Environmental Quality Act, and therefore, no
environmental impact assessment is necessary.
SECTION 5. As provided in Section 2.04.350 of the Palo Alto
Municipal Code, this ordinance shall become effective upon
adoption.
INTRODUCED AND PASSED: January 22, 2001
AYES: Beecham, Burch, Eakins, Fazzino, Kleinberg, Lytle, Mossar,
Ojakian
NOES:
ABSTENTIONS:
ABSENT:
ATTEST:
~~-~ City Clerk
APPROVED AS TO FORM:
~<'<W~~
Senior Asst. City Attorney
APPROVED:
~ C Y Manager .
Director
Services
Administrative
THIS DOCUME,NT IS CERTIFIED TO BE AN
ORDINANCE DULY PASSED BY THE COUNCIL
OF THE CITY OF PALO ALTO AND
THEREAt-fER POST~ COUNCIL CHAl\1m~RS ON _ I (WITHIN 15
DAYS OF ITS PASSAGE)
". certify (or declnre) under penalty
07 perjury that the foregoing is true
and cOfrect."v1 at rJiJ o.Ji5;~:: ~~~~
Oate& Place . ,:".,dilrJ,:;'t;