HomeMy WebLinkAboutR-11446 authorizing use of Capital Projects Reserve Fund to support the Cheng Park Revitalization Project (Spec. No. 91385-10)R 11446
RESOLUTION NO. 11446 (2023 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, AUTHORIZING THE USE OF CAPITAL
PROJECTS RESERVE FUND TO SUPPORT CHENG PARK
REVITALIZATION, SPECIFICATION NUMBER 91385-10
WHEREAS, in June of 2021, the City Council approved the 2021-23 Financial Plan
– Capital Improvement Program, which identified the Cheng Park Revitalization project
with a total budget of $300,000 to support implementation of the project; and
WHEREAS, in July of 2022, the City Council approved Resolution 11346 to provide
funding to support construction work for the Project, the City Council approved the use of
$200,000 from the Capital Projects Reserve Fund; and
WHEREAS, to provide funding to support the total construction contract for the
Project, staff is recommending the City Council approve the use of $300,000 from the Capital
Projects Reserve Fund; and
WHEREAS, a balance of approximately $3.97 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: 8641B17F-F0B7-48CB-B5F9-A65FE2DF262F
Resolution No. 11446 (2023 Series) Page 2
R 11446
SECTION 1. The City Council authorizes staff to transfer $300,000 from the
Capital Project Reserve Fund to Cheng Park Revitalization, Specification No. 91385-10.
Upon motion of Vice Mayor Marx, seconded by Council Member Francis, 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 5th day of September 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: 8641B17F-F0B7-48CB-B5F9-A65FE2DF262F
9/7/2023 | 7:59 AM PDT