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HomeMy WebLinkAbout2000-12-18 Ordinance 4669ORDINANCE NO. 4669 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 2000-01 TO PROVIDE AN APPROPRIATION OF $100,000 FOR HOMER AVENUE UNDERCROSSING CAPITAL IMPROVEMENT PROJECT, NUMBER 10121 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, the need for a new pedestrian/bicycle crossing of the railroad tracks south of the downtown Palo Alto Cal train station between the Alma Street/Homer Avenue intersection and the Palo Alto Medical Foundation (PAMF) was identified during the review of the PAMF campus plan; and WHEREAS, the City has secured an award of $2.3 million in grant funds for the Homer Avenue Undercrossing project; and WHEREAS, the grant funds will be allocated on a reimbursement basis and receipt of these funds will not occur until after the City has incurred actual expenses; and WHEREAS, the budget needs to be amended to create and fund a capital improvement project for 15 percent of the design phase of the Homer Avenue undercrossing; and WHEREAS, staff will return to Council at the 15 percent design phase with more complete information on the scope of the project and the amount of City funding that would be required to complete the project; and . WHEREAS, in the event that the proj ect is cancelled an additional appropriation of funds will be required to reimburse the grant funds spent during the design phase; and WHEREAS, the additional appropriation of funds from the General Fund Budget Stabilization Reserve is a one-time cost and .future year General Fund'ongoing maintenance costs are anticipated. WHEREAS, City Council authorization is needed to amend the 2000-01 budget as hereinafter set forth. SECTION 1. Capital Improvement Project (CIP) 10121, Homer Avenue Undercrossing, is hereby created. SECTION 2. The sum of One Hundred Thousand Dollars ($100,000) is hereby appropriated to Capital Improvement Project No. 10121, and the Stabilization Reserve is hereby decreased by $100,000. SECTION 3. Revenue in CIP Project Number 10121 is increased by the "sum of One Hundred Thousand Dollars ($100,000) for receipt of funds from the Federal Transportation Equity for the 21st Century Corridor Management Program (TEA-21), which will be received on a reimbursement basis and will replace funds advanced from the Stabilization Reserve to pay project costs. SECTION 4. The transactions in sections 2 and 3 above will have no impact on reserves. SECTION 5. As specified in Section 2.28.080(a) of the Palo A1 to Municipal Code, a two-'"thirds vote of the City Council is required to adopt this ordinance. SECTION 6. The environmental review for the Homer Undercrossing will be conducted prior to obligating the grant funds for this project. SECTION 7. As provided in Section 2.04.350 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. INTRODUCED AND PASSED: December 18, 2001 ~OOCJ ~ AYES: Beecham, Burch, Eakins, Fazzinb, Kleinberg, Kniss, Lytle, Mossar, Ojakian NOES: ABSTENTIONS: ABSENT: ATTEST: k, City Clerk ~ APPROVED AS TO FORM: ~w>~. I, , Sen10r Asst. C1ty Attorney THIS DOClIMENT IS CERTIFIED TO BE AN ORDIN/I.NeE DULY PASSED BY THE COUNCIL OF THE CiT'f OF Pt\LO ALTO AND E OUI\!CIL -W;M~~~ __ (Wl1l1IN 1:8 .. j Gertify (or rl·aclnre) under penalty 01 pei"jury that the foregoing is true and correct." fdl~OI Pm, OJ!~/ Oat a & Place " APPROVED: Director Services "Administrative