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HomeMy WebLinkAboutCity Council Resolution 19-025 FY2019-20 Pavement Management contractRESOLUTION NO. 19-025 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA TO ADJUST THE FY 2018/19 BUDGET TO INCREASE FUNDS FOR THE 2019 PAVEMENT MAINTENANCE PROGRAM PROJECT WHEREAS, the City of Saratoga Streets CIP program provides for a safe and functional roadway and pedestrian street system; and WHEREAS, the City Council authorized an agreement to accept Measure B funds from VTA at its regular meeting on March 20, 2019; WHEREAS, the City issued a request for proposals on a project to utilize this funding to improve City streets; WHEREAS, the project has completed the bid process and a contract is ready to be awarded to the qualifying bidder; WHEREAS, the contract will be funded by the Measure B fund award amounts to be received for the time period of April 2017 through June 30, 2019; and WHEREAS, contingency funding, if needed, will be sourced from FY2019/20 CIP Streets funds WHEREAS, City staff requests the following budget adjustment to the CIP Roadway Improvement Project be approved: Account Description Account Amount To increase revenue appropriations with Measure B funds (not previously budgeted): Increase Revenue Appropriation 411.9111-003.42731 $1,312,194 To increase expenditure appropriations with Measure B funds: Increase Expenditure Appropriation 411.9111-003.81161 $1,312,194 To increase expenditure appropriations for project Contingency: Increase Expenditure Appropriation 411.9111-003.81161 $100,000 NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Saratoga hereby approves the above budget adjustments to the Fiscal Year 2018/19 CIP 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 May 2019 by the following vote: AYES: Mayor E. Manny Cappello, Vice Mayor Howard Miller, Council Members Rishi Kumar, Mary -Lynne Bernald, Yan Zhao NOES: ABSENT: ABSTAIN: E. Manny Cappello Mayor, City of Saratoga At e 3bie Tetschneider, City Clerk, City of Saratoga