HomeMy WebLinkAboutR-11398 authorizing use of Undesignated Local Revenue Measure Funds and Capital Projects Reserve Funds to support the North Chorro Neighborhood Greenway ProjectR 11398
RESOLUTION NO. 11398 (2023 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, AUTHORIZING USE OF UNDESIGNATED
LOCAL REVENUE MEASURE FUNDS AND CAPITAL PROJECTS
RESERVE FUNDS TO SUPPORT THE NORTH CHORRO
NEIGHBORHOOD GREENWAY PROJECT, SPECIFICATION NO.
1000036
WHEREAS, on July 19, 2022, the City Council authorized advertisement of the
North Chorro Neighborhood Greenway project and delegated authority to the City
Manager to award the construction contract if the lowest responsible bid was within the
publicly disclosed funding amount of $3,375,000; and
WHEREAS, on January 31, 2023, construction bids were received, with the lowest
responsive bid exceeding the publicly disclosed funding amount; and
WHEREAS, to provide sufficient funding to proceed with project construction, staff
is recommending the City Council approve use of $1,600,000 in Undesignated Local
Revenue Measure funding, and $218,708 from the Capital Projects Reserve Fund; and
WHEREAS, a balance of approximately $1,600,000 is available in Undesignated
Local Revenue Measure funds and $380,000 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: 50436654-CC1B-448C-9D43-59BFAAD83512
Resolution No. 11398 (2023 Series) Page 2
R 11398
SECTION 1. The City Council authorizes staff to proceed with the following funds
transfers:
1. Transfer $1,600,000 in Undesignated Local Revenue Measure funds to the
North Chorro Neighborhood Greenway project, Specification No. 1000558; and
2. Transfer $248,708 from the Capital Projects Reserve to the North Chorro
Neighborhood Greenway, Specification No. 1000558 project account.
Upon motion of Council Member Pease, seconded by Council Member
Shoresman, and on the following roll call vote:
AYES: Council Member Francis, Pease, Shoresman, and Mayor Stewart
NOES: None
ABSENT: Vice Mayor Marx
The foregoing resolution was adopted this 7th day of March 2023.
___________________________
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: 50436654-CC1B-448C-9D43-59BFAAD83512
3/10/2023 | 7:45 AM PST