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HomeMy WebLinkAboutCity Council Resolution 10-049RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA AMENDING THE ANNUAL BUDGET FOR FISCAL YEAR 2010/11 TO PROVIDE FUNDING FOR PROPOSED BALLOT INITIATIVE TO LIMIT DEVELOPMENT IN COMMERCIAL AND PROFESSIONAL OFFICE /ADMINISTRATIVE ZONING DISTRICTS TO TWO STORIES WHEREAS, the City Council desires to place an ballot measure on the November ballot; and WHEREAS, additional financing in the amount of $50,000 is needed for the completion of said project; and WHEREAS, funding is not available in adopted budget; therefore, Undesignated Fund Balance will be used; and WHEREAS, it is necessary to make adjustments to the Fiscal Year 2010/11 budget as follows: Account Description Ballot Initiative— Exp Appropriation: RESOLUTION NO. 10- 049 Account# Amount To appropriate additional expenditures for the proposed Ballot Initiative to limit two story development in the Commercial and Professional Administrative Office Zoning Districts 111 2201 62321 $ 50,000 NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby approves the above adjustments to the Fiscal Year 2010/11 undesignated funds account. BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on 21 day of July 2010 by the following vote: AYES: Councilmember Manny Cappello, Chuck Page, Howard Miller, Vice Mayor Jill Hunter, Mayor Kathleen King NOES: None ABSENT: None ABSTAIN None Attest: Ann Su Ivan, City Clerk Date 1-(--4 Ka leen M. King, Mayor City of Saratoga