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CC - 2024-08 - To Amend the FY 2023-24 Capital Improvement Program Budget and Appropriate Additional Funds for the Storm Water Catch Basin Upgrade Project Phase II- Project No. 49018RESOLUTION NO. 2024-08 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, TO AMEND THE FISCAL YEAR 2023-24 CAPITAL IMPROVEMENT PROGRAM BUDGET AND APPROPRIATE ADDITIONAL FUNDS FOR THE STORM WATER CATCH BASIN UPGRADE PROJECT PHASE II- PROJECT NO. 49018 WHEREAS, the City Council adopted the Fiscal Year 2023-24 Operating and Capital Improvement Program budgets on June 27, 2023; and WHEREAS, amendments must periodically be made to the budget to conform to changed circumstances following adoption of the budget; and WHEREAS, the Fiscal Year 2023-24 budget included funding for Storm Water Catch Basin Upgrade Phase II Project in the amount of $150,000; and WHEREAS, funding was not fully allocated in the City's approved 2023-24 Budget thus requiring a revision to add $60,000 to cover the remaining cost of the project; and WHEREAS, the revised appropriation constitutes an update to the 2023-24 Budget approved pursuant to Resolution No. 2023-33. THE ROSEMEAD CITY COUNCIL HEREBY RESOLVES AS FOLLOWS: SECTION 1: The City Council hereby approves an appropriation in the amount of Sixty Thousand Dollars ($60,000) in Safe Clean Water Funds to increase funding for the Project, for a total Project budget of Two Hundred Ten Thousand Dollars ($210,000). SECTION 2: The City Clerk shall certify the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 12`s day of March, 2024. ATTEST: MS� ��, �L *;-179 Steven Ly, Mayor APPROVED AS TO FORM: �q� Ericka Hernandez, City Jerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) § CITY OF ROSEMEAD ) I, Ericka Hernandez, City Clerk of the City Council of the City of Rosemead, California, do hereby certify that the foregoing City Council Resolution No. 2024-08 was duly adopted by the City Council of the City of Rosemead, California, at a regular meeting thereof held on the 12th day of March, 2024, by the following vote, to wit: AYES: ARMENTA, CLARK, DANG, LOW, LY NOES: NONE ABSENT: NONE ABSTAIN: NONE Ericka Hernandez, City Clerk