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HomeMy WebLinkAboutCity Council Resolution 00-019 RESOLUTION NO. 00-O 19 A RESOLUTION OF THE CITY COUNCIL ' OF THE CITY OF SARATOGA AMENDING THE FISCAL YEAR 1999/2000 BUDGET AND APPROPRIATING FUNDS FOR THE CITY'S CONTRIBUTION TO THE SARATOGA HIGH SCHOOL SWIMMING POOL WHEREAS, the Saratoga High School (the High School) is building a new swimming pool for its students and the community of Saratoga, estimated to cost approximately $1.5 million; and WHEREAS, on January 19, 2000, the Saratoga City Council deemed this project to be beneficial to the community and approved a contribution of $150,000 towards this project, to be paid to the High School at the time the agreement between the City and the High School is approved by the City Council; and WHEREAS, the $150,000 represents a deposit.against future use fees which the City may incur in its recreation programs, and is to be used in lieu of fee payment to the High School as the fees are incurred; and WHEREAS, the City has not yet appropriated funds for this project, but there is sufficient fund balance in the City's General Fund to make this contribution during fiscal year 1999/2000. NOW, THEREFORE, the City Council of the City of Saratoga hereby resolves to appropriate $150,000 from the General Fund fund balance during Fiscal year 1999/2000 to make a contribution towards the Saratoga High School swimming pool construction project: AND BE IT FURTHER RESOLVED, that the following budget amendment be made to the fiscal year 1999/2000 budget: Increase Decrease General Fund Capital Projects - Grants to Other Agencies 001-9010-613-40.70 $150,000 General Fund Balance 001-0000-330-20.00 $150,000 The above and foregoing resdlution was passed and adopted at an adjourned meeting of the Saratoga City Council held on the 5th day of April, 2000, by the following vote: AYES: Waltonsmith, Baker, Streit, Mehaffey NOES: None ABSENT: Bogosian ~,~ ~ ABSTAIN: None ATTEST: M?or Pro Tern t/t/ ,fi-/'/' City Clerk PoolReso