CC RES 2014-066 RESOLUTION NO. 2014-66
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2014-41, THE BUDGET
APPROPRIATION FOR FISCAL YEAR 2014-15, FOR A BUDGET
ADJUSTMENT TO THE CITY'S PARKS, TRAILS AND OPEN SPACE
IMPROVEMENTS PROGRAM IN THE CAPITAL IMPROVEMENT PROJECTS
FUND.
WHEREAS, Section 3.32 of the Rancho Palos Verdes Municipal Code provides
that all expenditures in excess of budgeted allocations must be by supplemental
appropriation of the City Council; and
WHEREAS, on June 17, 2014, the City Council of the City of Rancho
Palos Verdes adopted Resolution 2014-41, approving a spending plan and
authorizing a budget appropriation for the 2014-15 fiscal year; and
WHEREAS, the Ryan Park Southern Entrance Realignment and Parking
Lot Expansion project is considered a high priority project for the public's benefit
as reflected in the Council-adopted Capital Improvement Program (CIP); and
WHEREAS, the total cost of the Ryan Park Southern Entrance Realignment and
Parking Lot Expansion project, including engineering, construction and
construction contingency is $799,935; and
WHEREAS, the City Council has appropriated a budget in the FY 14-15 CIP to
cover those costs; and,
WHEREAS, unforeseen conditions at the construction site have necessitated an
increase in construction contingency fund to avoid delays if additional
expenditure becomes necessary; and,
WHEREAS, the unforeseen conditions have also extended the duration of the
contract and necessitated additional construction oversight and inspection fee;
and,
WHEREAS, with an increase of$25,000 for the construction contingency and an
increase of$10,000 for construction oversight and inspection fee, a total increase
of$35,000 in the Parks, Trails & Open Space Improvements fund is therefore
necessary; and
WHEREAS, the estimated Capital Improvement Fund balance at June 30, 2015
is $7,931,970; and
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following adjustment(s) be made to the following fund(s):
Parks, Trails & Open Space Improvements Program in the Capital Improvement
Projects Fund:
Parks, Trails & Open Space Improvements 330-3033-461-73-00 $35,000
PASSED, APPROVED, AND ADOPTED THIS 21st DAY OF OCTOBER 2014.
-- --1:41k-A
Mayor
ATTEST:
City Clerk
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes
I, Carla Morreale, City Clerk of the City of Rancho Palos Verdes, hereby certify
that the above Resolution No. 2014-66 was duly and regularly passed and
adopted by the said City Council at a regular meeting thereof held on October 21,
2014.
4d:7)70.1-1. a.
City Clerk
Resolution No.2014-66
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