HomeMy WebLinkAboutR-11440 authorizing use of the Water Fund Unreserved Working Capital Fund for the Johnson Waterline Replacement – Iris to Bishop Project (Spec. No. 2000578)R 11440
RESOLUTION NO. 11440 (2023 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, AUTHORIZING USE OF THE WATER FUND
UNRESERVED WORKING CAPITAL FUND TO SUPPORT THE
JOHNSON WATERLINE REPLACEMENT – IRIS TO BISHOP,
SPECIFICATION NUMBER 2000578
WHEREAS, in June of 2022, City Council approved the 2022-23 Budget
Supplement Plan, which identified the Johnson Waterline Replacement – Iris to Bishop
(Project) with a budget of $180,000 for design efforts; and
WHEREAS, in June of 2023, City Council approved the 2023-25 Financial Plan
and appropriated $3,300,000 in the 2023-24 budget to support construction efforts of the
Johnson Waterline Replacement – Iris to Bishop project (2000578); and
WHEREAS, the Project’s total construction cost is estimated to be $5,010,000;
therefore, an additional $1,710,000 is needed to fund the construction contract; and
WHEREAS, the Project involves the replacement of corrugated metal pipe totaling
a cost of $165,000 that will be funded through a transfer from the Storm Drain Annual
Asset Maintenance Account’s (2090742) available balance of $350,894; and
WHEREAS, to partially fund the additional Project costs, $1,061,031 will be
transferred in from the Recycled Water Broad Street – Tank Farm to Aerovista project
(2000528); and
WHEREAS, to cover the remaining budget needed to support the construction
contract, staff recommend that City Council appropriate $483,969 from the Water Fund
Unreserved Working Capital Balance to Project 2000578; and
WHEREAS, the Water Fund has an Unreserved Working Capital balance of
$10,172,837.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis
Obispo as follows:
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Resolution No. 11440 (2023 Series) Page 2
R 11440
SECTION 1. The City Council appropriates $483,969 from the Water Fund
Unreserved Working Capital Balance to the Johnson Waterline Replacement – Iris to
Bishop project account 2000578.
Upon motion of Council Member Pease, seconded by Mayor Stewart, and on the
following roll call vote:
AYES: Council Member Francis, Pease, Shoresman, Vice Mayor Marx, and
Mayor Stewart
NOES: None
ABSENT: None
The foregoing resolution was adopted this 15th day of August 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
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8/17/2023 | 3:11 PM PDT