HomeMy WebLinkAbout104-Attachment C: Proposed Budget Adjustment Resolution.pdf
RESOLUTION NO._______
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AMENDING THE BUDGET FOR FISCAL YEAR CAPITAL 2011/12 TO ADJUST VILLAGE FAÇADE IMPROVEMENT PROGRAM FUNDING
WHEREAS, the Village Façade Improvement Program was funded in 2004 for a one year period by the
Saratoga City Council to revitalize Saratoga’s downtown area and encourage private investment in the Village;
and
WHEREAS, through the Village Façade Improvement Program, the City provides a 50%
reimbursement, up to $5,000, for the cost of storefront improvements visible from Big Basin Way to business
and property owners; and
WHEREAS, in the first year of the program, a total of $43,491 was granted by the City for façade
improvements in the Village; and
WHEREAS, in 2007, the Council allocated $20,000 to the program from the Council Discretionary
Fund; and
WHEREAS, since 2007, a total of six Village Façade Improvement grants have been awarded, a total of
$19,022, to Village business and property owners; and
WHEREAS, the Council can increase funding for the program by adopting the following changes to the Fiscal Year 2011/12 Capital Budget:
Account Description Account # Amount
To budget appropriations for the Village Façade Improvement Program.
Council Discretionary Fund Decrease 1111101-62411
General Admin Transfer Out 1118101-99999
Village Façade Improvement Program Transfer In 4119132-005-49999 Village Façade Improvement Program Increase 4119132-005-81161
NOW, THEREFORE, BE IT RESOLVED, that the City Council of Saratoga hereby approves the above
adjustments to the Fiscal Year 2011/12 Capital Budget.
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on the 19th day of October 2011 by the following vote:
AYES:
NOES: ABSENT: ABSTAIN:
______________________________
Howard A. Miller, Mayor ATTEST:
_____________________________
Ann Sullivan, City Clerk