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HomeMy WebLinkAboutCity Council Resolution 20-011 Budget adjustment- McFarland Ave.RESOLUTION NO.20-011 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA TO ADOPT A NEW CAPITAL PROJECT IN THE FY 2019/20 CAPITAL BUDGET FOR THE MCFARLAND AVENUE CURB AND GUTTER REPLACEMENT PROJECT WITH FUNDING FROM THE CAPITAL RESERVE FUND WHEREAS, the City Council desires to provide a safe and functional roadway and pedestrian street system; and WHEREAS, the condition of the rolled curb and gutter along McFarland Avenue is deteriorated due to age and tree root damage creating potential safety hazards and impediment to storm water flow; and WHEREAS, removal and replacement of the existing curb and gutter with vertical curb and gutter will allow for better flow of storm water and minimize erosion damage to the roadway; and WHEREAS, the City Council desires to utilize funding available in the Capital Reserve Fund to complete the work without delay, and WHEREAS, the City Council hereby adopts a new project in the Capital Budget for the McFarland Avenue Curb and Gutter Replacement Project, and WHEREAS, the City Council approves an adjustment to the Fiscal Year 2019/20 Operating and Capital Improvement Budget as follows; Account Description Account Number Increase Decrease To appropriate the transfer out of the General Fund's Capital Reserve to the McFarland Avenue Curb and Gutter Replacement CIP: Transfer Out 111.8101.99999 $ 350,000 To appropriate the transfer in of funding and increase the expenditure appropriations for the McFarland Avenue Curb and Gutter Replacement CIP: Transfer in 411.xxxx-xxx.49999 $ 350,000 Expenditure 411.xxxx-xxx.81161 $ 350,000 NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby approves a new McFarland Avenue Curb and Gutter Replacement capital project in Fiscal Year 2019/20 and approves the above adjustments to the Fiscal Year 2019/20 Operating and Capital Improvement Budget. BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on the 15th day of April 2020 by the following vote:. AYES: Mayor Howard A. Miller, Vice Mayor Mary -Lynne Bernald, Council Members E. Manny Cappello, Yan Zhao, Rishi Kumar NOES: ABSENT: I "941 q=� Howard A. Miller, Mayor City of Saratoga Attest: Deb ie retschneider, City Clerk DATE: