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HomeMy WebLinkAboutD- 4 Third Amendment to the Long Range Capital Improvement Project (CIP) bUDGET 2001-2005 1 ( • AZUSA AGENDA ITEM TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ROBERT K. PERSON, ASSISTANT CITY MANAGER VIA: RICK COLE, CITY MANAGER 61.10 DATE: MAY 7 , 2001 SUBJECT: THIRD AMENDMENT TO THE LONG RANGE CAPITAL IMPROVEMENT PROJECTS (CIP) BUDGET 2001-2005 RECOMMENDATION It is recommended that the City Council approve the third amendment to the long range capital improvement projects (CIP) budget by appropriating $4,250,643 to fund the following projects: 1) $4,124,243 for the drilling of two new water wells, pipelines and appurtenances in the Azusa Spreading Grounds. 2) $90,000 for activities associated with the New Library Project. 3) $36,400 for the completion of the city hall door security hardware. BACKGROUND On January 16, 2001 City Council approved the 2001-2005 long range capital improvement projects (CIP) budget which funded $11,719,529 in capital needs. On March 20, 2001 City Council approved the first amendment to this budget by adding $1,412,400 for additional projects. On April 2, 2001 City Council approved the second amendment to this budget by an additional $10,000. This action will appropriate $2,925,643 in new funding and $1,325,000 in previously approved funds that were not carried over to this year. The projects area described in detail below: Construction of Facilities at the Azusa Spreading Grounds: On December 4, 2000 the City Council approved an agreement between the City of Azusa and County of Los Angeles regarding funding and operation of two wells to be drilled at the spreading grounds and appurtenant pipelines and facilities. City Council also approved an agreement between the City of Azusa and Layne-Chirstensen Company for the drilling and equipping of two wells at da) d `5/7/0/ "Third CIP Amendment Page 2 the spreading grounds and appurtenant pipelines and facilities. $1,200,000 had been budgeted in the 2000 Capital Improvement Projects Budget for this item but not spent. This action will carry over those funds to the 2001 CIP and add $2,924,243 in Water Funds to complete the project. The County will then reimburse the City $2,100,000 for the project. Net cost to the City - $2,024,243. New Library Project: This action simply carries over $90,000 in pre-approved 2000 CIP funds to the 2001 CIP. The 2001 CIP currently has an approved budget of $126,000. This transfer will increase that budget to $216,000. City Hall Door Hardware: This action will increase the funding by $1,400 and carry over pre- approved 2000 CIP Funds of $35,000 to the 2001 CIP for a total project budget of $36,400. FISCAL IMPACT This action appropriates $2,925,643 in new funding and carries over $1,325,000 in previously approved funding. Of the $2,925,643 in new funding, $2,100,000 of that will be reimbursed to the City by the County of Los Angeles.