HomeMy WebLinkAboutC-5 Adoption of a Resolution amending the FY2002 Operating and Capital Improvement Project (CIP) Budget f • / oi.% —
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AGENDA ITEM
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ROBERT K. PERSON, ASSISTANT CITY MANAGER
VIA: RICK COLE, CITY MANAGER poet PrA (:7
DATE: DECEMBER 17, 2001
SUBJECT: ADOPTION OF A RESOLUTION AMENDING THE FY2002 OPERATING AND
CAPITAL IMPROVEMENTS PROJECT (CIP) BUDGETS
RECOMMENDATION
It is recommended City Council adopt a resolution amending the FY2002 Operating and
Capital Improvements Project (CIP) Budgets as described below
BACKGROUND
Staff is recommending that $1 million in FY2001 General Fund savings be allocated to the
following projects:
1. On October 1, 2001, City Council approved the appropriation of $250,000 to fund the
new Neighborhood Improvement Strategy in which a Neighborhood Improvement Fund
would be established to provide matching capital resources and bridge financing for urgent
priorities, including emergency abatements and small scale physical improvements. The
funding source identified in that report (attached) was technically in error. This
recommended action clarifies the source of funding as General Fund Balance.
2. Now that Measure L has successfully passed, it is necessary to fund Phase 11 of the new
library project. This action recommends allocating $485,000 from the subject revenue source
to the new library project account in the FY2002 CIP. This funding will pay for $285,000 in
architectural fees; $90,000 in property acquisitions; $85,000 to cover work related to the
project EIR, parking, joint use, soils, etc; and, $25,000 for existing library reuse.
3. Additional funding is needed to complete this fiscal year's activities related to the General
Plan implementation. This action recommends allocating $265,000 to the general plan
project account in the FY2002 CIP. This funding will cover the cost of housing, historical,
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cultural, economics and biologic consulting as well as expenses for environmental review,
outreach, project management, public events and production expenses.
FISCAL IMPACT
This action will decrease the General Fund Balance by $1 million and increase the City
Manager's Operating Budget by $250,000; the New Library CIP budget by $485,000; and,
the General Plan CIP Budget by $265,000.