SUBJECT: ADOPTION OF 2001-2002 APPROPRIATION
ORDINANCE AND FUNDING SOURCES RESOLUTION AMENDMENTS IN THE SERVICES FOR
REDEVELOPMENT CAPITAL PROJECTS FUND (CITY-SIDE REDEVELOPMENT FUND) FOR THE WEST
SAN CARLOS STREET SIDEWALK REPLACEMENT PROJECT WITH A NET IMPACT TO THE FUND OF
$500,000 AND ADOPTION OF A RESOLUTION MAKING CERTAIN DETERMINATIONS REGARDING
THE EXPENDITURE OF AGENCY FUNDS ON CERTAIN PUBLIC IMPROVEMENTS.
COUNCIL
DISTRICT: City-wide
It is
recommended that the City Council adopt the following 2001-2002 Appropriation
Ordinance and Funding Sources Resolution amendments in the Services for
Redevelopment Capital Projects Fund (City-side Redevelopment Fund):
1.
Increase
the appropriation for the West San Carlos Street Sidewalk Replacement project
in the amount of $500,000.
2.
Increase
the estimate for Earned Revenue by $500,000.
It is
also recommended that the Council adopt a resolution making certain
determinations regarding the related expenditure of the Redevelopment Agency
funds on certain public improvements in connection with the West San Carlos
Street Sidewalk Replacement project as more specifically described in the
memorandum from the Senior Development Officer from the Redevelopment Agency,
dated May 21, 2001, attached hereto.
BACKGROUND
The
Redevelopment Agency has requested City services in the implementation of
Agency projects. These proposed
amendments are necessary to account for City-side expenditures on Redevelopment
Agency projects.
ANALYSIS
The
construction phase of the West San Carlos Street Sidewalk Replacement project
would provide for the removal and installation of sidewalk, curb and gutters at
selected locations along West San Carlos Street, within the
public-right-of-way. The contract award
is presented elsewhere on this same agenda.
The source of funding for these
services and improvements would be a transfer from the Redevelopment
Agency.
N/A
LARRY D. LISENBEE
Budget Director
I hereby certify that there will be available for appropriation in the Services for Redevelopment Capital Projects Fund (City-side Redevelopment Capital Fund) in the Fiscal Year 2001-2002 moneys in excess of those heretofore appropriated therefrom, said excess being at least $500,000.
LARRY
D. LISENBEE
Budget
Director