HomeMy WebLinkAbout2001-02-05 Ordinance 4681ORDINANCE NO. 4681
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 $475,000 IN THE
COMMERCIAL HOUSING IN-LIEU FUND FOR DEMOLITION AND
RELOCATION COSTS AT THE FORMER PALO ALTO MEDICAL
FOUNDATION PROPERTIES
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 April 10, 2000 the City Council approved a
Development Agreement between the City and the Palo Alto Medical
Foundation (PAMF); and
WHEREAS, as part of the development agreement, the City agreed
to reimburse the developer for costs associated with the demolition
of a PAMF medical building and relocation of a historic residential
structure; and
WHEREAS, the developer, SummerHill Homes, has completed the
demolition and relocation activities and has requested reimbursement
from the City for a total of $475,000; and
WHEREAS, the City Manager's Report (CMR:218:00) dated April
10, 2000 specified that the $475,000 was to come out· of the
Commercial Housing In-Lieu Fund; and
WHEREAS, sufficient funds are available in the Commercial
Housing In-Lieu Fund; and
WHEREAS, the additional appropriation of funds from the
Commercial Housing In-Lieu Fund is a one-time expense and no future
year General Fund ongoing costs are anticipated; arid
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 Four Hundred Seventy Five Thousand
Dollars ($475,000) is hereby appropriated to non-salary expenses in
the Commercial Housing In-Lieu Fund.
SECTION 2. This transaction will reduce the Commercial Housing
In-Lieu Fund reserve from $933,013 to $458,013.
SECTIo.N 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.
SECTIo.N 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.
SECTIo.N 5. As provided in Section 2.04.350 of the Palo Alto
Municipal Code, this ordinance shall become effective upon adoption.
INTRo.DUCED AND PASSED: February 5, 2001
AYES: BURCH, FAZZINO., KLEINBERG, LYTLE, Mo.SSAR, o.JAKIAN
NOES:
ABSTENTIo.NS:
ABSENT: BEECHAM, EAKINS
ATTEST:
APPRo.VED AS TO. Fo.RM:
~.u)\~
Senior Asst. City Attorney Directo
Services
THIS DOCUMENT IS CERTIFIED TO BE AN
ORDINANCE DULY PASSED BY THE COUNCIL
OF THE CITY OF PALO ALTO AND .~
THEflEAi' fER POSTED ~)~ COUNCIL ~?',
CHAMBERS ON 'I (WITHIN,.
DAYS or: ITS PASSAGE)
., I certify (or decline) under penalty
of perjury that the foregoing is true
and correct." fM fi. Q£;m ~13JOJ
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