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HomeMy WebLinkAboutR-11306 authorizing use of Capital Projects Reserve Fund to support Curb Ramp Construction Work for Area 6 & 7 Curb RampsR 11306 RESOLUTION NO. 11306 (2022 SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, AUTHORIZING USE OF CAPITAL PROJECTS RESERVE FUND TO SUPPORT CURB RAMP CONSTRUCTION WORK FOR AREA 6 & 7 CURB RAMPS, SPECIFICATION NO. 1000558 WHEREAS, in June of 2021, the City Council approved 2021-23 Financial Plan – Capital Improvement Program, which identified the Street Reconstruction & Resurfacing Account with a total budget of $3,366,258 to support slurry sealing, striping improvements, and curb ramp construction work; and WHEREAS, to expediate project delivery, minimize public impacts, curb ramp construction work for Area 6 & 7 Curb Ramps (Project) must be completed prior to the summer months; and WHEREAS, to provide funding to support curb ramp construction work for the Project, staff is recommending the City Council approve use of $1,000,000 from the Capital Projects Reserve Fund; and WHEREAS, a balance of approximately $1.6 million is available from the Capital Projects Reserve Fund; and WHEREAS, upon appropriation of $3,366,258 on July 1, 2022 to the Street Resurfacing and Reconstruction Account (90346), $1,000,000 will be transferred back to the Capital Projects Reserve Fund. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo as follows: DocuSign Envelope ID: D4EA6045-1A45-4C94-8149-C45A545E7CE0 Resolution No. 11306 (2022 Series) Page 2 R 11306 SECTION 1. The City Council authorizes staff to transfer $1,000,000 from the Capital Project Reserve Fund to Area 6 & 7 Curb Ramps, Specification No. 1000558. Upon appropriation of $3,366,258 on July 1, 2022 to the Street Resurfacing and Reconstruction Account (90346), $1,000,000 will be transferred back to the Capital Projects Revere Fund. Upon motion of Vice Mayor Christianson, seconded by Council Member Marx, and on the following roll call vote: AYES: Council Member Marx, Pease, Shoresman, Vice Mayor Christiansen, and Mayor Stewart NOES: None ABSENT: None The foregoing resolution was adopted this 15th day of February 2022. ___________________________ Mayor Erica A. Stewart ATTEST: __________________________ Teresa Purrington City Clerk APPROVED AS TO FORM: __________________________ J. Christine Dietrick City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, on ___________________________. ___________________________ Teresa Purrington City Clerk DocuSign Envelope ID: D4EA6045-1A45-4C94-8149-C45A545E7CE0 2/18/2022 | 11:21 AM PST