HomeMy WebLinkAboutReso 1996-18195 RESOLUTION NO. 18195
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA (1) MODIFYING THE 1995-96 CAPITAL IMPROVEMENT
PROGRAM; (2) APPROPRIATING $154,200 FROM THE
UNAPPROPRIATED FUND BALANCE OF THE PARKING METER
FUND 230 AND APPROPRIATING $134,000 FROM THE
UNAPPROPRIATED FUND BALANCE OF THE IN-LIEU PARKING
FEE FUND 231; (3) DIRECT STAFF TO INCLUDE, ON AN
ANNUAL BASIS AS PART OF THE BUDGET PROCESS,
REIMBURSEMENT OF A PERCENTAGE OF FUTURE
UNAPPROPRIATED FUND BALANCE OF THE PARKING METER
FUND TO REIMBURSE THE BAYFRONT/TOWN CENTRE I
REDEVELOPMENT FUND UNTIL $1,423,996 HAS BEEN
REIMBURSED; (4) APPROPRIATING $21,572 FROM
ANTICIPATED REVENUES OF THE PARK ACQUISITION &
DEVELOPMENT FUND 420 TO CIP PROJECT PR168; (5)
REAPPROPRIATING $200,788 FROM ANTICIPATED REVENUES
OF THE TRANSNET FUND 603 FROM PROJECT ST961 TO CIP
PROJECT ST123 TO REPLACE PREVIOUSLY APPROPRIATED
REDEVELOPMENT AGENCY FUNDS; AND 6) APPROPRIATING
~50,000 FROM THE UNAPPROPRIATED FUND BALANCE OF
FUND 222 - TRUNK SEWER CAPITAL RESERVE FUND TO CIP
. ' PROJECT RD220
WHEREAS, the Redevelopment Agency budget is constrained and projected tax
increment revenues will be needed to fund Redevelopment Agency's operations and
obligations; and
WHEREAS, Redevelopment Agency's Capital improvement Program has been reviewed
and the Redevelopment Agency as a source of funding has been evaluated; and
WHEREAS, as a result of said evaluation, all Agency CIP projects were prioritized and
all projects not deemed as priority were recommended to be cancelled or deferred unless non-
impacting funding sources are available for non-priority project funding; and
WHEREAS, it has been proposed that the following non-redevelopment funding
sources: Park Acquisition and Development Fund and Transnet Fund fund certain priority
projects; and
WHEREAS, it has been proposed that the Parking Meter Fund and the In-Lieu Parking
Fee Fund reimburse the Redevelopment Agency for parking improvements installed within the
Parking District by the Redevelopment Agency; and
WHEREAS, Rohr Inc. installed a sewer monitoring facility in the Midbayfront as
required by the Metropolitan Sewer District that will have capacity for and benefit to future
development in the Midbayfront.
Resolution 18195
Page 2
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA does hereby
find, order, determine and resolve as follows:
1) The 1995-96 Capital Improvement Program is hereby modified in accordance with
Attachment A as herein attached; and
2) 9154,200 from the unappropriated fund balance of the Parking Meter Fund 230 and
$134,000 from the unappropriated fund balance of the In-lieu Parking Fee Fund 231
is hereby appropriated to Bayfront/Town Centre I Redevelopmerit Fund; and
3) Staff shall include, on an annual basis as part of the budget process,
reimbursement of a percentage (amount to be determined) of future unappropriated
fund balance from the Parking Meter Fund to reimburse the Bayfront/Town Centre I
Redevelopment Fund until 91 ,423,996 has been reimbursed; and
4) 921,572 is hereby appropriated from anticipated revenues of the Park Acquisition
& Development Fund 420 to CIP Project PR168; and
5) 9200,788 is hereby appropriated from anticipated revenues of the TRANSNET Fund
603 from project ST961 to CIP project ST123 to replace previously appropriated
Redevelopment Agency Funds; and
6) 950,000 from the unappropriated fund balance of Fund 222-Trunk Sewer Capital
Reserve Fund is hereby appropriated to CIP RD220.
Presented by Approved as to form~ by
Chris Salomone
, ,, M. Boogaard,
Community Development/girector City Attorney
Resolution 18195
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Resolution 18195
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PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 6th day of February, 1996, by the following vote:
AYES: Councilmembers: Alevy, Moot, Padilla, Rindone, Hotton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Horton, Mayor
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18195 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 6th day of February,
1996.
Executed this 6th day of February, 1996.
~Authelet, City Clerk