HomeMy WebLinkAboutR-11431 authorizing use of Capital Projects Reserve funds for the Corporation Yard Fuel Island and Wash Station Rehabilitation (Spec. 2000075-9.01)R 11431
RESOLUTION NO. 11431 (2023 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, AUTHORIZING USE OF CAPITAL PROJECTS
RESERVE FUND TO SUPPORT THE CORPORATION YARD FUEL
ISLAND AND WASH STATION REHABILITATION, SPECIFICATION
NUMBER 2000075-9.01
WHEREAS, in June of 2019, City Council approved the 2019-21 Financial Plan,
which identified the Corp Yard – Fuel Island Coating and Dispensers with a budget of
$155,000 to support construction efforts; and
WHEREAS, in June of 2019, City Council approved the 2019-21 Financial Plan
which identified the Corp Yard – Fuel Island Siding with a budget of $178,000 to support
construction efforts; and
WHEREAS, in June of 2021, City Council approved the 2021-23 Financial Plan
which combined both previous projects into a single called Corp oration Yard Fuel Island
and Wash Station Rehabilitation (Project) with a budget of $300,000 to support the design
and construction efforts; and
WHEREAS, in June of 2023, staff will recommend approval of the 2023-25
Financial Plan – Capital Improvement Program, which identified the Project with an
additional budget of $250,000 to support the implementation of the work; and
WHEREAS, to provide funding to support the total construction contract for the
Project, staff is recommending City Council approve the use of an additional $300,000 from
the Capital Projects Reserve Fund; and
WHEREAS, a balance of $4,000,000 will be available on July 1, 2023 for 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: 56FF3FE7-3396-478C-89A0-465B1E93AC24
Resolution No. 11431 (2023 Series) Page 2
R 11431
SECTION 1. The City Council authorizes staff to transfer $300,000 from the
Capital Projects Reserve Fund to the Corporation Yard Fuel Island and Wash Station
Rehabilitation project account 2000075-9.01.
Upon motion of Council Member Shoresman, seconded by Council Member
Pease, 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 20th day of June 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: 56FF3FE7-3396-478C-89A0-465B1E93AC24
6/22/2023 | 9:45 AM PDT