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CC - 2016-12 - Appropriating Additional Funds From the Redevelopment Bond Funds For the Rosemead Skate Plaza Project RESOLUTION NO. 2016-12 A RESOLUTION OF THE ROSEMEAD, CALIFORNIA CITY COUNCIL APPROPRIATING ADDITIONAL FUNDS FROM THE REDEVELOPMENT BOND FUNDS FOR THE ROSEMEAD SKATE PLAZA PROJECT WHEREAS, appropriations are the legal authority for a City to spend its funds; and WHEREAS, from time to time it is necessary to amend the budget with additional appropriations; and WHEREAS, the City desires the construction of Rosemead Skate Plaza at Rosemead Park; and WHEREAS, the Rosemead Skate Plaza Project is funded through proceeds from Redevelopment Bond funds and currently has a budget amount of$311,793; and WHEREAS, the total cost for the construction of this project, as proposed, will not exceed $498,793, which is $187,000 more than currently budgeted; and NOW THEREFORE, $187,000 is appropriated in the Capital Improvement Programs for Expenditures related to the Rosemead Skate Plaza Project as defined below: Fund Organization Account Project Description Amount Appropriation 301 6005 5395 Construction $ 187,000 Transfer (Memo) 315 0000 5960 Transfer Out <$ 187,000> 301 0000 4860 Transfer In $ 187,000 The additional appropriation is made a part of the approved FY 2015-16 budgets as though it were a part of the initial budget fully set forth. PASSED, APPROVED and ADOPTED this 22nd day of March 2016. Margaret'Clark, Mayor ATTEST: - Ca o Cowl y, terim C lerk APPROVED AS TO ale Alit Rachel -sir an, Ci Atto ney Burke, lams & Sorenson, LLP CERTIFICATION STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) SS. CITY OF ROSEMEAD I, Carol Cowley, Interim City Clerk of the City of Rosemead, do hereby certify that the foregoing Resolution No. 2010-12, entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, APPROPRIATING ADDITIONAL FUNDS FROM THE REDEVELOPMENT BOND FUNDS FOR THE ROSEMEAD SKATE PLAZA PROJECT was duly and regularly approved and adopted by the Rosemead City Council on the 22nd day of March, 2016, by the following roll call vote to wit: AYES: Alarcon,Armenta, Clark, Low, Ly NOES: None ABSTAIN None ABSENT: None -4 � , Carol Cowley Interim City Clerk