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HomeMy WebLinkAboutReso 2012-219RESOLUTION NO. 2012-219 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AMENDING THE FISCAL YEAR 2012/2013 TRANSIT EQUIPMENT REPLACEMENT FUND BUDGET BY APPROPRIATING $256,652 TO THE OTHER EXPENDITURE CATEGORY WHEREAS, on July 1, 2001, the City started to participate in the consolidation of the Transit Development Act, Article 4.0 funds in the San Diego Metropolitan Transit System (MTS) and, since that time, region MTS has funded the City's transit operations and administration; and WHEREAS, as part of the cost of operating the City's Compressed Natural Gas fueling station (Station), Transit staff decided to cover the cost of wear and tear on the Station equipment by adding an equipment replacement charge of approximately $0.06 to the per term cost of the natural gas compressed at the Station; and WHEREAS, this charge was fully disclosed to MTS staff during the annual budget review process and the equipment replacement amount has accumulated to $256,652.23; and WHEREAS, the capital replacement amount was put in reserve for the future replacement of the natural gas compressors; and WHEREAS, MTS staff has now decided that it would be more effective and efficient to use dedicated capital replacement funds instead of operating funds; and WHEREAS, returning the funds will not have any negative impact on City transit operations, and the City will be able to participate in MTS' annual capital replacement program when the time comes to replace the compressors. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby amend the Fiscal Yeaz 2012/2013 Transit Equipment Replacement Fund budget by appropriating $256,652 to the Other Expenditure category. Presented by Approved as to form by -(, ° ~' - Richard . H ki len R. Googin /~ Director of Public Works C tt ey Resolution No. 2012-219 Page No. 2 PASSED, APPROVED, and ADOPTED by the City Counci] of the City of Chula Vista, California, this 20th day of November 2012 by the following vote: AYES: Councilmembers: Aguilar, Bensoussan, Castaneda, Ramirez and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: None Cheryl Cox, ayo ATTEST: (-lcA Donna R. Norris, CP C, ity Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2012-219 was duly passed, approved, and adopted by the City Council at a regulaz meeting of the Chula Vista City Council held on the 20th day of November 2012. Executed this 20th day of November 2012. ~~~ ~~~ Donna R. Norris, CMC, City Clerk