HomeMy WebLinkAbout2000-06-12 Ordinance 4640ORDINANCE NO. 4640
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 1999-00 TO
PROVIDE AN ADDITIONAL APPROPRIATION OF $260,000 FOR THE
WASTEWATER COLLECTION SYSTEM EXTENSION CAPITAL
IMPROVEMENT PROJECT NUMBER 8020
WHEREAS, pursuant to the provisions of section 12 of Article
III of the Charter of the City of Palo Alto, the Council on June 28,
1999 did adopt a budget for fiscal year 1999-00; and
WHEREAS, on April 14, 1958, the City and Stanford entered into
an agreement wherein Stanford transferred ownership of electric,
water, gas, sewer, and storm drain facilities at the Stanford
Shopping Center to the City; and
WHEREAS, as part of the agreement, Stanford and the City
agreed that if additional buildings or changes were added to the
Shopping Center, the City and Stanford would enter into a
supplemental maintenance agreement; and
WHEREAS, the City and Stanford have reached a supplemental
maintenance agreement over the addition of three new buildings at
the Shopping Center that are part of the Sand Hill Road development;
and
WHEREAS, the supplemental maintenance agreement provides that
the City is responsible for improvements to the perimeter water and
gas mains, installing new services from the perimeter mains to the
new buildings, and sharing half the cost of repairing the sewer
system under the interior walks and malls of the Shopping Center;
and .
WHEREAS, the Utili ties CIP proj ect, Wastewater Collection
System Extension No. 8020, has insufficient funding available for
these additional expenditures and an additional appropriation of
$260,000 is needed to execute the City's supplemental maintenance
agreement with Stanford; and
WHEREAS, the additional appropriation of funds is needed from
the Wastewater Collection ($100,000), Water ($80,000), and Gas
($80,000) Funds; and
NOW, THEREFORE, the Council of the City of Palo Alto does
ORDAIN as follows:
SECTION 1. The sum of Two Hundred Sixty Thousand Dollars
($260,000) is hereby transferred from the reserve funds hereinafter
described, to the appropriation for Capital Improvement Project
Number 8020, Wastewater Collection System Extension. The amounts
so transferred are from the following reserve funds, which will be
reduced by the amount listed:
Wastewater Collection Rate Stabilization $100,000 Reserve
Gas Distribution Rate Stabilization $80,000
Reserve
Water Rate Stabilization Reserve $80,000
SECTION 2. The appropriation transfers approved by Section 1
will reduce the following Rate Stabilization Reserves (RSR):
From: To:
Wastewater Collection RSR $7,072,071 $6,972,071
Gas Distribution RSR $4,357,346 $4,277,346
Water RSR $6,026,778 $5,946,778
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 . This proj ect has been
categorically exempt under Section 15302
Environmental Quality Act.
determined to be
.of the California
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: June 12, 2000
AYES: BURCH, EAKINS, FAZZINO, KLEINBERG, LYTLE, OJAKIAN
NOES:
ABSTENTIONS:
NOT PARTICIPATING: MOSSAR
ABSENT: BEECHAM, KNISS
APPROVED AS TO FORM:
~v.J.C~ __
S~ City Attorney
THIS DOCUMENT IS CERTIFIED TO BE AN
ORDINP.NCE DULV PASSED BYTHE COUNCIL
Of: Y!-l,r. GlTY OF PALO ALTO AND n·r.' , '. .!:[~ POSTI;D INAij.E COUNCIL
Ch" , '.": ON .~~ ~aQ (WITHIN 15
DAY;' . ,·8 PP.SSt\GE)
.,/ t.:r:";;;i' I or decl.'lm) under penalty
01 penury that the foregoing is true
and corr0ct ...
W ~-/4=1l ~ ~ r1.f:aJ
Date & Place .
APPROVED: