HomeMy WebLinkAboutR-11211 authorizing use of Sewer Fund Unassigned Working Capital for Beebee, Cuesta, Loomis Waterline Replacement ProjectR 11211
RESOLUTION NO. 11211 (2021 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, AUTHORIZING USE OF SEWER FUND
UNASSIGNED WORKING CAPITAL TO SUPPORT SEWER
REPLACEMENT WORK FOR BEEBEE/CUESTA/LOOMIS WATERLINE
REPLACEMENT, SPECIFICATION NO. 1000066
WHEREAS, the City adopted the Wastewater Collection System Infrastructure Renewal
Strategy on January 19, 2016 which identified areas in the wastewater collection system that are
recommended for infrastructure improvements; and
WHEREAS, in June of 2019, the City Council approved 2019-21 Financial Plan – Capital
Improvement Program, which identified the Beebee/Cuesta/Loomis Waterline Replacement
(Project) with a total budget of $1,750,000; and
WHEREAS, to provide funding to support sewer replacement work for the Project, staff is
recommending the City Council approve use of $300,000 from Sewer Fund, Unassigned Working
Capital; and
WHEREAS, a balance of approximately $30 million is available from Sewer Fund,
Unassigned Working Capital to fund the Project.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo
as follows:
Resolution No. 11211 (2021 Series) Page 2
R 11211
SECTION 1. The City Council authorizes staff to transfer $300,000 from the Sewer Fund,
Unassigned Working Capital to the Beebee/Cuesta/Loomis Waterline Replacement, Specification
No. 1000066, for sewer related improvements as it is a high priority City project.
Upon motion of Council Member Christianson, seconded by Council Member Pease,
and on the following roll call vote:
AYES: Council Member Christianson, Marx, Pease, Vice Mayor Stewart, and
Mayor Harmon
NOES: None
ABSENT: None
The foregoing resolution was adopted this 19th day of January 2021.
____________________________________
Mayor Heidi Harmon
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