HomeMy WebLinkAbout13-023 Budget Adjustment Resolution - Parking Dist 3 RepairsRESOLUTION NO. 13 -023
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
TO TRANSFER FUNDS FROM THE HILLSIDE STABILITY RESERVE
TO THE PARKING DISTRICT NO.3 STORM DAMAGE REPAIR CIP
WHEREAS, the Parking District No. 3 parking lot at the intersection of Big Basin Way and Saratoga - Sunnyvale
Road and hillside below was damaged in a landslide during storms in 2012 thereby making the parking lot unsafe, and;
WHEREAS, the City Council desires to maintain hillside retaining walls for roadways and parking lots
throughout the City and has set aside funds in the Hillside Stability Reserve for such use in repairing and stabilizing
hillsides, and;
WHEREAS, the City Council desires to utilize these funds to pay for the repair of this project, and;
WHEREAS, it is necessary to make adjustments to the Fiscal Year 2012/13 CIP budget as follo«vs:
Account Description Account# Amount
To appropriate the transfer out of the General Fund's Hillside Stability Reserve to the Parking District No. 3 Storm
Damage Repair CIP project:
Transfer Out:
111.8101.99999
$ 45,000
To appropriate the transfer in of funding and increase the expenditure appropriations for the Parking District No.3
Storm Damage Repair CIP Project:
Transfer In:
xpenditure:
411.9154- 002.49999
411.9154- 002.81161
$ 45,000
$ 45,000
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby approves the
above adjustments to the Fiscal Year 2012/13 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 May 1", 2013 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN.
Council Member Chuck Page, Manny Cappello, Howard Miller, Vice Mayor
Emily Lo, Mayor Jill Hunter
None
None
None
Jill Hunter, Mayor
ATTEST:
D DATE: Z UI
Cry A41 Bothelio, City Clerk