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HomeMy WebLinkAbout7339 RESOLUTION NO. 7339 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, AMENDING THE FISCAL YEAR 2020-21 BUDGET FOR THE CAPITAL IMPROVEMENT PROGRAM, AND IN PARTICULAR, THE FISCAL YEAR 2019-20 PAVEMENT REHABILITATION CAPITAL IMPROVEMENT PROJECT BY AUTHORIZING A SUPPLEMENTAL APPROPRIATION OF $68,480 FROM THE WATER RESERVE FUND WHEREAS, the City Council has adopted the budget for Fiscal Year 2020-21 for the City, and the budget will need to be amended to address in particular an appropriation for the Fiscal Year 2019-20 Pavement Rehabilitation Capital Improvement Project; and WHEREAS, in particular, the Fiscal Year 2019-20 Pavement Rehabilitation Capital Improvement Project budget requires an appropriation of funds from the Fiscal Year 2020-21 budget Water Reserve Fund in the amount of $68,480; and WHEREAS, the City Manager has confirmed that there are sufficient reserves available in the Water Reserve Fund for the appropriation. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES FIND, DETERMINE AND RESOLVE AS FOLLOWS: SECTION 1. The sum of sixty-eight thousand four hundred eighty Dollars ($68,480) is hereby appropriated from the Fiscal Year 2020-21 budget Water Reserve Fund balance as a supplemental budget for the Fiscal Year 2019-20 Pavement Rehabilitation Capital Improvement Project. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. [SIGNATURES ON NEXT PAGE] 1 Passed, approved and adopted this 20th day of October, 2020. / Mayor •f the City of Arcadia ATTEST: Al4l1°- --- ity Clerk APPROVED AS TO FORM: Stephen P. Deitsch City Attorney 2 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS: CITY OF ARCADIA ) I, GENE GLASCO, City Clerk of the City of Arcadia, hereby certifies that the foregoing Resolution No. 7339 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council held on the 20th day of October, 2020 and that said Resolution was adopted by the following vote, to wit: AYES: Beck, Cheng, Verlato, Tay, and Chandler NOES: None ABSENT: None ity Clerk of e City of Arcadia 3