HomeMy WebLinkAboutCity Council Resolution 08-063RESOLUTION NO. 08-063
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SARATOGA
AMENDING THE FY 2008/09 CAPITAL IMPROVEMENT PLAN BUDGET
WHEREAS, the City Council desires to amend the Capital Improvements Plan (CIP) budget,
and;
WHEREAS, the City Council approved Capital projects utilizing estimated Park-in-Lieu
funding in FY 2007/08 that was expected to be received; and
WHEREAS, the City did not receive the anticipated Park-In-Lieu funding during FY 2007/08;
and
WHEREAS, work was completed on a the West Valley Soccer Field project in FY 2007/08
prior to the appropriated $75,000 of Park-in-Lieu funding becoming available; and
WHEREAS, the City Council of the City of Saratoga hereby resolves to amend the FY 2008/09
Capital Improvement Plan as submitted by the Public Works Director, to fund the deficit West
Valley Soccer Field Project with a fund transfer from the Hakone Gardens Retaining Wall
project to the West Valley Soccer Field Project; and
WHEREAS, said funding will be replenished to the Hakone Gardens Retaining Wall project
with future Park-in-Lieu funding; and
WHEREAS, the remaining Park-in-Lieu funded projects will re-appropriate the estimated
revenue to FY 2008/09 and not proceed with further approved park projects until sufficient Park-
in-Lieu funding is received;
AND BE IT FURTHER RESOLVED, to adjust the City of Saratoga's Fiscal Year 2008/09
budget for cash transfers in the amount of $75,000 from the Hakone Gardens Retaining Wall
Project to the West Valley Soccer Field projects
The above and foregoing resolution was passed and adopted at an adjourned meeting of the
Saratoga City Council held on the 1st day of October, 2008 by the following vote:
AYES: Councilmember Aileen Kao, Jill Hunter, Kathleen King, Vice Mayor Chuck Page,
Mayor Ann Waltonsmith
NOES: None
ABSENT: None
ABSTAIN: None ~~
Ann Waltonsmith, Mayor
t
ATTEST:
Ann ,Acting City Clerk