HomeMy WebLinkAbout2000-12-11 Ordinance 4668ORDINANCE NO. 4668
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 $400,000 FOR THE
ACQUISITION OF THE PINKERTON PROPERTY LOCATED AT 806-808
WAVERLEY STREET
WHEREAS, pursuant to the provisions 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, Council adopted Ordinance No. 4628
to provide additional appropriation of funds for the acquisition of
a portion of the property owned by the Palo Alto Medical Foundation
(PAMF); and
WHEREAS, included in the Ordinance is the sum of $12,000 to
fund the City's assumption of an existing lease held by PAMF of a
5,000 square foot parcel owned by the Pinkerton Family, located at
806,-808 Waverley Street; and
WHEREAS, the Pinkerton family has offered to sell the property
to the City for $400,000; and
WHEREAS, the Council desires to accept the offer, and approve
an additional appropriation of $400,000 to purchase the property;
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 Four Hundred Thousand Dollars ($400,000)
is hereby appropriated to the non-salary category in the General
Fund and the General Fund Budget Stabilization Reserve is
correspondingly reduced.
SECTION 2. The additional appropriation of funds from the
General Fund Budget Stabilization Reserve is a one-time cost and
there will be future year ongoing costs. as a result of this
ordinance.
SECTION 3. This transaction .will reduce the General Fund
Budget Stabilization Reserve from $14,069,753 to $13,669,753.
SECTION 4. 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 5. This project is exempt from the provisions of the
California environmental Quality Act ("CEQA") pursuant to Section
15325 of the CEQA guidelines.
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: December 11, Q.()Ol-:({:)OO~
AYES: Beecham, Burch, Eakins, Fazzino, Kleinberg, Kniss, Lytle,
Mossar, Ojakian
NOES:
ABSTENTIONS:
ABSENT:
ATTEST:
~~~.~ City Clerk .
APPROVED AS TO FORM:
~/.vJ,~ S~t. City Attorney
APPROVED:
,~fL
Administrative
THIS DOCUME·NT IS CERTIFIED TO BE AN
(MIOINANCE DULY PASSED BY THE COUNCIL OF THE CITY or-PALO ALTO AND
"ftHER!;AI-TER POS'~~'i~lt': COUNCIl..
(tHAMBERS ON .' "'__ (WITHIN 15
DAYS or ITS PASSAGE)
"I certify (or dec/ore) under penalty
of perjury that the foregoing is true
and correct."
ik;.h, ~ at!tiJ
Date-S, Place .