HomeMy WebLinkAboutCity Council Resolution 04-014
RESOLUTION NO. 04-014
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SARATOGA AMENDING THE MULTIPLE YEAR CAPITAL
IMPROVEMENT PROJECT (CIP) BUDGET
WHEREAS, The City of Saratoga established a new CIP budget on December 19, 2001;
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 infonnation 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 The Adopted 2001-2006 CIP
In recent review of the Adopted 2001-2006 CIP, project scopes were either revised,
projects completed, and/or new sources of funding (i.e. revenue grants) identified. As a result,
the amount of $200,000, from the following CIP Projects, has detennined to be freed or
"unobligated":
· Saratoga-Sunnyvale Gateway Project: $100,000
· Village Streetscape Improvements: $50,000
· El Quito Area Curb & Gutter Improvements: $50.000
Total: $200,000
Section 2. Transfer Unobligated to General Fund
The unobligated amount of $200,000 is to be transferred to the General Fund to be
establish for the following project:
· Feasibility Study for the establishment of a City Redevelopment Agency
The above and foregoing resolution was passed and adopted at an adjourned meeting of the
Saratoga City Council held on the 4th day of February, 2004 by the following vote:
AYES:
Councilmembers Norman Kline, Nick Streit,
Vice Mayor Kathleen King, Mayor Ann Waltonsmith
NOES:
Councilmember Stan Bogosian
ABSENT:
None
ABSTAIN: None
C O~~/;£
Ann Waltonsmith, Mayor