HomeMy WebLinkAbout0198.0947 ..
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Karch 17, 1994
THE SONORABLE CITY COIIlICI L
PALO ALTO, CALIFORNIA
Joint Venture: Sili90D ¥alley Network funding
Mesbers of the council:
At the February 28 meeting. the City Council appr-ove.d a request to
contribute $15,000 to Joint Vanture: Silicon Valley Network.
staff requests Council approval of the attached Budqet Amendment
Ordinance in the amount of $15,.000 to support the work of this
nonprofit oF9anization.
!~spectfuil subsitted,
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CMR:198:94
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ORDINANCE NO.
ORDINANCE OF THE COUNCIL OF THE CITY OF PAI.o ALTO
AMENDING THE dUDGET FOR THE FISCAL yEAR 1993-94
TO PROVIDE AN ADDITIONAL APPROPRIATION
TO SUPpORT THE JOINT VENTURE: SILICON VALLEY NETWORK
WHEREAS, pursuant to the provisions of section 12 of Article
1:1.1. of the Charter of the City of Palo Alto, the councl1 on June
21# 1993 did adopt a budget tor fiscal year 1993-94; and
WHEREAS, Joint Venture: Silicon Valley N~t'Wor-)( (JVSV) is a
non-profit organization vorking to promote the economic
coapetitiveness and quality of life in the greater Silicon Valley
reqiont and
WHEREAS, JVSV represents a public/private partnership of
government and business; and
WHEREAS, the initiatives and goals of ~TVSV, such as retaininq
existing industry, supporting the growth of new businesses, and
promoting cooperation between the public and private sector,
complement Palo Alto's efforts in these areas;
NOW, THEREFORE, the Council of the city of Palo Alto does
ORDAIN as follow&:
SEctION 1. The sum of Fifteen Thousand Dollars ($15,000) is
hereby appropriated to General Expenses in the. City MaJ"!::.qcr"ii
Department, and the Budget Stabilization Reserve is correspondingly
reduced.
~S~E~CT:",-:I~O~N=--;2~.. This transaction will reduce th@,Budge.t
Stabilization Reserve. from $11,428,624 to $11,413,624 as of March
9:, 1994.
SECTION 3. As specifi~d 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 the enactment of this ordinance is not a project under the
California Environmental Quality Act and, therefore, no environmen
tal impact assessment is necessary.
SE(,"rIOS 5.
Municipal Code,
adoption.
As provided in Section 2.04~375 of the Palo Alto
this ordinance shall become effe,ctive upon
INTRODUCED AND PASSED:
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A'iES:
NOES:
ABSTENTIONS:
ABSENT:
ATTEST: APPROVED,
city Clerk Mayer
APPR()VZO AS TC FORI!:
Sr. Asst. cIty Attorney
APPROVED:
C~ty Manager
DIrector of Finance
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