HomeMy WebLinkAboutCity Council Resolution 20-006 Hillside reserveRESOLUTION NO.20-006
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
TO CREATE TWO NEW CIP HILLSIDE STABILIZATION REPAIR PROJECTS
WITH FUNDING FROM THE HILLSIDE STABILITY RESERVE
WHEREAS, Mt. Eden Road and Continental Circle have been undermined by erosion
and landslides respectively thereby making the roadways unstable; and
WHEREAS, the City Council desires to maintain the City's hillside roadways and
retaining walls and has set aside funds in the Hillside Stability Reserve 'for unanticipated or
unforeseen emergency or extraordinary costs related to hillside degradation, inclusive of slide
prevention and mitigation, slide repair, and associated drainage and roadwork", and
WHEREAS, the City Council desires to utilize this Fund Balance Reserve for the Mt.
Eden Road and Continental Circle projects to complete the work without delay, and
WHEREAS, it is necessary to set up new CIP projects in the budget for the Mt. Eden
Road Erosion Repair and Continental Circle Landslide Stabilization, and
WHEREAS, it is necessary to adjust the Fiscal Year 2019/20 Operating and Capital
Improvement Budget as follows;
To appropriate the transfer out of the General Fund's Hillside Stability Reserve to the Mt.
Eden Road Erosion Repair CIP project:
Transfer Out 111.8101.99999 $ 175,000
To appropriate the transfer in of funding and increase the expenditure appropriations for the
Mt. Eden Road Erosion Repair CIP project:
Transfer in 41 l.xxxx-xxx.49999 $ 175,000
Expenditure 411.xxxx-xxx.81161 $ 175,000
To appropriate the transfer out of the General Fund's Hillside Stability Reserve to the
Continental Circle Landslide Stabilization CIPproject:
Transfer Out 111.8101.99999
$325,000
To appropriate the transfer in of funding and increase the expenditure appropriations for the
Continental Circle Landslide Stabilization CIP project:
Transfer in 411.xxxx-xxx.49999 $325,000
Expenditure 411.xxxx-xxx.81161 $325,000
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
Saratoga hereby approves setting up new Mt. Eden Road Erosion Repair and Continental Circle
Landslide Stabilization CIP Projects in Fiscal Year 2019/20 and approves the above adjustments
to the Fiscal Year 2019/20 Operating and 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 the 41h day of March, 2020 by
the following vote:
AYES: Mayor Howard A. Miller, Vice Mayor Mary -Lynne Bernald, Council Members E.
Manny Cappello, Yan Zhao, Rishi Kumar
NOES:
ABSENT:
ABSTAIN:
Howard A. Miller, Mayor
City of Saratoga
Attest:
l
Debbie Bretschneider, City Clerk ATE: