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HomeMy WebLinkAbout7526RESOLUTION NO. 7526 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, AMENDING THE FISCAL YEAR 2021-22 CAPITAL IMPROVEMENT PROGRAM BUDGET AND AUTHORIZING A SUPPLEMENTAL BUDGET APPROPRIATION FOR THE NEWCASTLE PARK RENOVATION PROJECT IN THE AMOUNT OF $3,107,014.40, OFFSET BY A REDUCTION IN THE PARKS AND RECREATION FACILITIES FUND WHEREAS, the Arcadia Parks and Recreation Master Plan ("Master Plan") provides prioritized recommendations for growth, development, and implementation strategies related to parks and recreation services; and WHEREAS, the comprehensive renovation of Newcastle Park was identified as a high priority and recommended for Fiscal Year 2021-22; and WHEREAS, the City Council adopted the Capital Improvement Program budget for Fiscal Year 2021-22, and the budget will need to be amended to address in particular an appropriation for the Fiscal Year 2021-22 Newcastle Park Renovation Project ("Project"); and WHEREAS, the City Council approved this project to be funded utilizing the Parks and Recreation Facilities Fund; and WHEREAS, the Project was awarded the Land and Water Conservation Fund ("Grant") grant funds in the amount of $2,268,171, and WHEREAS, the Grant required additional projects provisions, which required the project to be rebid; and WHEREAS, the project cost increased by $3,107,014.40; and WHEREAS, the Project budget requires an appropriation of funds in the amount of $3,107,014.40; and 1 WHEREAS, staff recommends that the City Council approve a 10% or $685,801.44 contingency to cover potential unforeseen costs or circumstances such as adverse soil conditions, draining concerns, unknown field conditions, and the like; and WHEREAS, the contingency, if needed, would also be funded by the Parks and Recreation Facilities Fund. WHEREAS, the City Manager has certified that there are sufficient funds available in the Parks and Recreation Facilities Fund for appropriation. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES FIND, DETERMINE AND RESOLVE AS FOLLOWS: SECTION 1. The sum of three million one hundred seven thousand fourteen dollars and forty cents ($3,107,014.40) is hereby appropriated, offset with an equal reduction in the Parks and Recreation Facilities Fund. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. [SIGNATURES ON THE NEXT PAGE] 2 Passed, approved and adopted this 3rd day of October, 2023. 9yorof the City of Arcadia ATTEST - City Clerk APPROVED AS TO FORM: Michael J. Maurer City Attorney STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) SS.- CITY S:CITY OF ARCADIA ) I, GENE GLASCO, City Clerk of the City of Arcadia, hereby certifies that the foregoing Resolution No. 7526 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 3rd day of October, 2023 and that said Resolution was adopted by the following vote, to wit: AYES: Cheng, Kwan, Wang, Cao, and Verlato NOES: None ABSENT: None CI City Clerk of the City of Arcadia