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HomeMy WebLinkAboutCity Council Resolution 06-083RESOLUTION NO. 06-083 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA AMENDING THE ANNUAL BUDGET OF THE CITY OF SARATOGA FOR FISCAL YEAR 2006-2007 TO PROVIDE ADDITIONAL FINANCING FOR THE HAYMEADOW DRIVE SUBDRAIN REPAIR WHEREAS, on January 25, 2006 the City of Saratoga entered into Release and Settlement Agreement between the City of Saratoga and Cecil R. and Gudrun T. Jones; and WHEREAS, per the referenced Agreement, the City of Saratoga agreed to repair and restore an existing subdrain underneath Haymeadow; and WHEREAS, on April 5, 2006, the City Council approved award of construction contract for the work to Soil Engineering Construction, Inc. in the amount of $189,300 with a contract change order authority of $18,930; and WHEREAS, additional financing in the amount of $19,247 is needed for said prof ect; and WHEREAS, it is necessary to approve Budget Adjustment No. 18 to Fiscal Year 2006- 07 as follows: Account Description Account# Amount Gen Fd-Street Maint-Contract Svcs 001-3005-532-5241 +$19,247 Gen Fd-CIP Reserve 001-0000-330-4000 - $19,247 NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby approves Budget Adjustment No. 18 to Fiscal Year 2006-07. BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on 1s1 day of November 2006 by the following vote: AYES: Councilmembers Kathleen King, Nick Streit, Ann Waltonsmith, Vice Mayor Aileen Kao, Mayor Norman Kline NOES: None ABSENT: None City of Saratoga ABSTAIN: None