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HomeMy WebLinkAboutR-11597 authorizing appropriation of $320,00 from the Capital Projects Reserve Fund to support the South Street and King Court Crossing ProjectR 11597 RESOLUTION NO. 11597 (2025 SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, AUTHORIZING USE OF $320,000 FROM THE CAPITAL PROJECTS RESERVE FUND TO SUPPORT THE SOUTH STREET AND KING COURT CROSSING PROJECT, SPECIFICATION NUMBER 2001059 WHEREAS, in June of 2023, City Council approved the 2023-25 Financial Plan, which identified the South Street and King Court Crossing (Project) with a budget of $500,000 to support construction efforts; and WHEREAS, the project involves improvements to the existing curb ramps and medians within the existing roadway necessary for the installation of a pedestrian hybrid beacon system (PHB), which will be replacing the existing Rectangular Rapid Flashing Beacon (RRFB) system; and WHEREAS, to provide sufficient funding to proceed with Project construction and purchase of emergency vehicle equipment for the San Luis Obispo Fire and Police Departments to minimize potential increases in emergency response associated with the Project, staff recommends that the City Council approve the use of an additional $320,000 from the Capital Project Reserve Fund; and WHEREAS, a balance of $4,153,275 is currently available in the Capital Project Reserve Fund. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo as follows: Docusign Envelope ID: 8BBEBB9B-42CB-4692-BA5E-7D6E154E8417 Resolution No. 11597 (2025 Series) Page 2 R 11597 SECTION 1. The City Council authorizes the appropriation of $320,000 from the Capital Project Reserve Fund to the South Street and King Court Crossing project account 2001059. Upon motion of Council Member Marx, seconded by Vice Mayor Shoresman, and on the following roll call vote: AYES: Council Member Boswell, Francis, Marx, Vice Mayor Shoresman, and Mayor Stewart NOES: None ABSENT: None The foregoing resolution was adopted this 7th day of October 2025. ___________________________ 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: 8BBEBB9B-42CB-4692-BA5E-7D6E154E8417 10/14/2025 | 8:10 AM PDT