Loading...
HomeMy WebLinkAboutR-11355 authorizing use of the Capital Projects Reserve Fund to support Railroad Safety Trail Fencing ProjectR 11355 RESOLUTION NO. 11355 (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 RAILROAD SAFETY TRAIL FENCING PROJECT, SPECIFICATION NUMBER 91385-09 WHEREAS, in June of 2021, the City Council approved the 2021-23 Financial Plan – Capital Improvement Program, which identified the Railroad Safety Trail Fencing project with a total budget of $350,000 to support implementation of the project (the “Project”); and WHEREAS, to provide funding to support construction work for the Project, staff is recommending the City Council approve use of $380,000 from the Capital Projects Reserve Fund; and WHEREAS, a balance of approximately $1.55 million is available from 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: 351CC356-205D-493E-B313-9AE4AD06558D Resolution No. 11355 (2022 Series) Page 2 R 11355 SECTION 1. The City Council authorizes staff to transfer $380,000 from the Capital Project Reserve Fund to Railroad Safety Trail Fencing Project, Specification No. 91385-09. Upon motion of Council Member Pease, seconded by Vice Mayor Christianson, and on the following roll call vote: AYES: Council Member Marx, Pease, Shoresman, Vice Mayor Christianson, and Mayor Stewart NOES: None ABSENT: None The foregoing resolution was adopted this 6th day of September 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: 351CC356-205D-493E-B313-9AE4AD06558D 9/12/2022 | 8:02 AM PDT