HomeMy WebLinkAboutReso 2002-297- RESOLUTION NO. 2002-297
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROPRIATING $2,524,596 FROM THE
AVAILABLE FUND BALANCE IN THE TRUNK SEWER
CAPITAL RESERVE FUND AS A LOAN TO THE SALT
CREEK GRAVITY BASIN DEVELOPMENT IMPACT FEE
FUND, APPROPRIATING $10,182,824 FROM THE
AVAILABLE FUND BALANCE 1N THE TRUNK SEWER
CAPITAL RESERVE FUND TO THE SALT CREEK GRAVITY
SEWER PROJECT (SW219), AND APPROPRIATING
$2,524,596 IN UNANTICIPATED LOAN PROCEEDS AND
$850,000 FROM THE AVAILABLE FUND BALANCE IN THE
SALT CREEK GRAVITY BASIN DEVELOPMENT IMPACT
FEE FUND TO THE SALT CREEK GRAVITY SEWER
PROJECT, SW219
WHEREAS, the Salt Creek Gravity Sewer Interceptor is a 12.5 mile sewer line that is
being built to serve some of the developments in the eastern territories and a portion of the
developed portion of the City within the Main Street Basin; and
WHEREAS, the project was originally funded based on preliminary engineering studies
prepared for the project; however, having completed the design plans for the project and
receiving bids on two phases of the project, recent engineering estimates indicate that additional
funds are needed to complete the project; and
WHEREAS, the project is being funded through a combination of two funding sources:
Trunk Sewer Capital Reserve Funds and the Salt Creek Development Impact Fees (DIF); and
WHEREAS, since the Salt Creek Gravity Sewer Basin DIF Fund has not collected
enough funds to facilitate the construction of the line, a loan is required to fund the constructions
of the facility; and
WHEREAS, it is necessary for Council to appropriate funds to facilitate the completion
of the project.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby appropriate $2,524,596 from the available fund balance in the Trunk Sewer
Capital Reserve Fund as a loan to the Salt Creek Gravity Basin DIF Fund, appropriate
$10,182,824 from the available fund balance in the Trunk Sewer Capital Reserve Fund to the
Salt Creek Gravity Sewer Project (SW219), and appropriate $2,524,596 in unanticipated loan
proceeds and $850,000 fi.om the available fund balance in the Salt Creek Gravity Basin DIF
Fund to the Salt Creek Gravity Sewer Project (SW219).
Presented by Approved as to form by
p J/of~. Kaheny
Public Works Director ~ Attorney ~
Resolution 2002-297
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 13th day of August, 2002, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, and Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: Horton
Stephen P~fdilla, Deputy Mayor
ATTEST:
Susan Bigelow, City Clerk~
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2002-297 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 13th day of August, 2002.
Executed this 13th day of August, 2002.
Susan Bigelow, City Clerk