CC – 2026-29 – Amend the FY 2026-27 Capital Improvement Program Budget and Appropriate New Funds for the Valley Blvd Resurfacing Project No. 21031RESOLUTION NO. 2026-29
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA, TO AMEND THE FISCAL YEAR 2026-27
CAPITAL IMPROVEMENT PROGRAM BUDGET AND APPROPRIATE
NEW FUNDS FOR THE VALLEY BOULEVARD RESURFACING
PROJECT NO. 21031
WHEREAS, the City Council adopted the Fiscal Year 2026-27 Operating and Capital
Improvement Program budgets on June 9, 2026; and
WHEREAS, amendments must periodically be made to the budget to conform to changed
circumstances following adoption of the budget; and
WHEREAS, the proposed Fiscal Year 2026-27 budget includes funding for the Valley
Boulevard Resurfacing Project in the amount of $5,262,000; and
WHEREAS, the City will receive Proposition C funding to fulfill the City's
unprogrammed STPL balance in the amount of $153,186 for the Valley Boulevard Project thus
requiring an amendment to appropriate additional funds; and
WHEREAS, the new appropriation constitutes an update to the 2026-27 Budget approved
pursuant to Resolution No. 2026-30 and 2026-31.
THE ROSEMEAD CITY COUNCIL HEREBY RESOLVES AS FOLLOWS:
SECTION 1: The City Council hereby approves an additional appropriation in the amount
of One Hundred Fifty -Three Thousand One Hundred Eighty -Six Dollars ($153,186) in Proposition
C Funds for the Valley Boulevard Resurfacing Project, Project No. 21031, increasing the total
Fiscal Year 2026-27 appropriation for the Project from Five Million Two Hundred Sixty -Two
Thousand Dollars ($5,262,000) to Five Million Four Hundred Fifteen Thousand One Hundred
Eighty -Six Dollars ($5,415,186).
SECTION 2: The City Clerk shall certify the adoption of this Resolution.