HomeMy WebLinkAboutCity Council Resolution 03-066
RESOLUTION NO. 03-066
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SARA TOGA AMENDING THE MULTIPLE YEAR CAPITAL
IMPROVEMENT PROJECT (CIP) BUDGET
WHEREAS, The City of Saratoga established a new CIP budget on December 19, 200 I;
and
WHEREAS, the CIP budget is a multiple year budget where appropriations are project
length and do not also lapse at operating fiscal year end; and
WHEREAS, the need to amend the existing CIP is based upon new information and new
priorities established by the existing City Council; and
NOW, THEREFORE, the City Council of the City of Saratoga hereby approves as follows
Section 1. Amendment To Existing Projects
In recent review of existing CIP, proj ect scopes were either revised or new sources of
funding (i_e. revenue grants) had been identified. As a result, the amount of $783,153 was
determined to be freed or "unobligated" as of March 19, 2003. The following changes to the
existing CIP is as follows:
a) Hwy 9 Traffic Signal Modification
Current
Budaet
50,000
Amendment Total
200,000 250,000
New Fundina Source
$175k from Unobligated
$25k Saratoga Fire District Grant
b) McWilliam's House
30,000 30,000
From Unobligated
Section 2. Transfer Unobligated to Street Operating Fund
The following unobligated amount of $23,020 is to be transferred to the Street operating
fund to establish the following project:
Memorial Arch improvements
Amount
37,500
New Fundina Source
23,020 from unobligated
14,480 from insurance reimbursement
The above and foregoing resolution was passed and adopted at an adjourned meeting of the
Saratoga City Council held on the 15th day of October, 2003 by the following vote:
AYES
Councilmembers Stan Bogosian, Kathleen King, Norman Kline,
Vice Mayor Ann Waltonsmith, Mayor Nick Streit
NOES None
ABSENT: None
ABSTAIN: None
rrST,._,
~en Boyer, Cit
Nick Streit, Mayor