HomeMy WebLinkAboutCity Council Resolution 02-077 -amending CIP budgetRESOLUTION NO. 02-077
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SARATOGA AMENDING THE MULTII'LE YEAR CAPITAL
IMPROVEMENT PROJECT (CII') BUDGET TO INCLUDE THE
CARRYOVER OF AUTHORIZED PROJECTS EXPIRED FROM
THE FISCAL YEAR 2001/02 OPERATING BUDGET
WHEREAS, On June 30, 2002, the City of Saratoga ended its 2001/02 fiscal year where
the appropriations had lapse at the end of that fiscal year; and
WHEREAS, the Operating Budget for that year included CIP's where the appropriations
had also lapsed at fiscal year end, even though actual project length extends beyond the 2001/02
fiscal year; and
WHEREAS, the need to re-establish certain CIP's with a project length is necessary since
projects aze currently ongoing and may also extend beyond the next fiscal yeaz; and
WHEREAS, a lack of future budget authority could prevent the project from becoming
completed.
NOW, THEREFORE, the City Council of the City of Saratoga hereby approves as follows:
Re-establish Certain CII"s Authorized in the 2001/02 Operating Budget in the Multiple-
Year CIP Budget
The following CII''s are re-established in multiple-year CIP budget where the related
appropriations will lapse at project completion:
Public Safety Proiects
Saratoga-Sunnyvale/Seagull Traffic Signal
Quito Road Bridge Replacement
Appropriation Fund Source
152,500 Development Fund $120,000
Street Fund $32,500
2,335,000 Street Fund $155,666
Federal Grant $1,868,000
Local Match $311,334
Infrastructure Proiects
Citywide Traffic Signal Upgrades
El Camino Grande/Monte Vista Storm Drain Imp.
Sazatoga-Sunnyvale Road "Gateway" Imp.
508,024 Local Match $73,024
State $50,000
Federal Grant $385,000
330,000 Street Fund $330,000
2,880,000 CAL Trans $2,000,000
VTA $880,000
Total CIP $ 6,186,205
The above and foregoing resolution was passed and adopted at an adjourned meeting of the
Saratoga City Council held on the 16°i day of October, 2002 by the following vote:
AYES: Councilmembers Stan Bogosian, John Mehaffey, Ann Waltonsmith,
Vice Mayor Evan Baker, Mayor Nick Streit
NOES: None
ABSENT: None
ABSTAIN: None
L v
Nick Streit, Mayor