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HomeMy WebLinkAboutCity Council Resolution 10-050follows: RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA AMENDING THE ANNUAL BUDGET FOR FISCAL YEAR 2010/11 TO PROVIDE LOCAL MATCH GRANT FUNDING FOR CAPITAL IMPROVEMENT PROJECTS WHEREAS, the City Council desires to improve pedestrian safety in the Village by appropriating matching funds in the amount of $256,800 for the Saratoga Village Pedestrian Enhancement Project - Phase II Grant; and WHEREAS, the City Council desires to install and provide public access to Electric Vehicle Charging Stations in the City for the new generation of electric vehicles through a matching grant program in the amount of $65,000; and WHEREAS, the City Council desires to reforest /replant the City's Public Spaces by providing matching funds in the amount of $25,000 for the City's Tree Dedication Program; and WHEREAS, additional financing totaling $346,800 is needed for local matches for the above mentioned projects; and WHEREAS, it is necessary to make adjustments to the Fiscal Year 2010/11 CIP budget as Account Description Saratoga Village Ped Enhancement II - Unallocated CIP Reserve - Village Sidewalk, Curb and Gutter - City Entrance Monument Signs - To appropriate expenditures for the Saratoga Village Pedestrian Enhancement Project — Phase II Local Match: Expenditure Appropriation: Electric Vehicle Charging Stations - Canyon View/Elva Storm Drain - Prospect Road Medians - RESOLUTION NO. 10 -050 Account# Amount 411.xxxx.xxx.81161 To appropriate expenditures for Electric Vehicle Charging Stations: Expenditure Appropriation: xxx.xxxx.xxx.81161 To appropriate expenditures for the City's Tree Dedication Program: Expenditure Appropriation: xxx.xxxx.xxx..81161 $ 256,800 $ 65,000 $ 25,000 To transfer funds from the Unallocated CIP Reserve, Village Sidewalk Curb and Gutter, and City Entrance /Monument Signs to the Village Pedestrian Enhancement Phase II Project. Transfer In 411.xxxx.xxx.49999 Transfer Out 111.8101.99999 Transfer Out 411.9142.004.99999 Transfer Out 411.9132.003.99999 To transfer funds from the Canyon View /Elva Storm Drain and Prospect Road Medians to the Electric Vehicle Charging Station Project: Transfer In xxx.xxxx.xxx.49999 Transfer Out 411.9142.009.99999 Transfer Out 411.9132.002.99999 $ 256,800 $ (221,983) $ (16,029) $ (18,788) $ 65,000 $ (15,000) $ (50,000) To transfer funds from the City Entrance /Monument Signs and Village Creek Trail to the City's Tree Dedication Program: Tree Dedication Program - Village Creek Trail - City Entrance Monument Signs - NOES: None ABSENT: None ABSTAIN: None Attest ivan, City Clerk Transfer In xxx.xxxx.xxx.49999 Transfer Out 411.9277.001.99999 Transfer Out 411.9132.003.99999 Kathleen M. King, Mayor City of Saratoga 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 Capital Improvement Budget. BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on 1st day of September 2010 by the following vote: AYES: Councilmember Manny Cappello, Chuck Page, Howard Miller, Vice Mayor Jill Hunter, Mayor Kathleen King Date: $ 25,000 $ (20,000) $ (5,000)