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HomeMy WebLinkAboutCity Council Resolution 99-26 RESOLUTION NO. 99-26 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA MAKING ADJUSTMENTS TO THE FISCAL YEAR 1998-99 BUDGET WHEREAS, the City Council adopted Resolution No. 98-20, adopting the budget for Fiscal Years 1998-99 and 1999-00 on July 1 st, 1998; and WHEREAS, on May 5, 1999, the City Council approved a contract with Blackwell Brothers Construction for the installation of landscape improvements along Highway 9 between the two Horseshoe Drives, in the amount of $47,500 with authorization to execute change orders to the contract of up to $8,000 for a total of $55,500; and WHEREAS, the property owners within the Horseshoe Drive neighborhood wanted to start the project this fiscal year, but the assessments to fund the project will not be received until next fiscal year; and WHEREAS, it is necessary to increase the fiscal year 1998-99 Lighting and Landscaping Assessment District appropriations to pay for the project this year using existing fund balance, and next fiscal year the assessments will reimburse the Lighting and Landscaping Assessment District fund balance; and WHEREAS, there is sufficient fund balance in the Lighting and Landscaping Assessment District fund balance to make this appropriation at this time; and WHEREAS, the City Council has considered the recommendations and believes that implementing these further changes will be in the best interests of the City. NOW, THEREFORE, the City Council of the City of Saratoga hereby resolves to appropriate $55,500 to fund the Horseshoe Drive landscaping project as follows: Landscape and Lighting Contract Services Landscape and Lighting Assessment District Fund Balance Increase Decrease $55,500 $55,500 Resolution 99-26 The above and foregoing resolution was passed and adopted at an adjourned meeting of the Saratoga City Council held on the 19th day of May, 1999 by the following vote: AYES: Councilmembers Baker and Mehaffey, Mayor Shaw NOES: None ÞùBSE~: Councilmember Streit, Vice Mayor ÞùBSTAIN: None ATTEST: ~ C'~ OtIC- City Clerk / MJW:mjw May 19,1999 Horsesho Bogosian t,J.~ ,~ MaYl) 4