HomeMy WebLinkAboutReso 2006-028
RESOLUTION NO. 2006-028
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE REALLOCATION OF
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS
AND RESIDENTIAL CONSTRUCTION TAX FUNDS AMONG
VARIOUS EXISTING CAPITAL IMPROVEMENT PROJECTS
WHEREAS, reallocation of Community Development Block Grant (CDBG) funds and
Residential Construction Tax (RCT) funds has become necessary in an effort to expend funds in
a timely manner to various CDBG eligible existing capital improvement projects as well as
reallocate funds in older projects to current year projects and recover staff time as necessary; and
WHEREAS, the City's budget transfer policy calls for City Council's approval for
transfers more than $15,000 between project budgets; and
WHEREAS, through close communications with Community Development staff, it has
been determined that various inter-project transfers are necessary to expend CDBG funds in a
timely manner thus necessitating the reallocation of CDBG funds between existing CDBG
eligible capital improvement projects; and
WHEREAS, in addition, some of the transfers will reallocate funds in older projects to
current year programs for expenditure and recover staff time as necessary; and
WHEREAS, the various inter-project transfers are detailed in Attachment A; and
WHEREAS, regarding capital improvement projects PS145 and STM354, the transfer
"out" of CDBG funds from PS145 will be replaced by the transfer "in" of RCT funds from
STM354 and vice versa; and
WHEREAS, there is no impact to the General Fund as all the transfers are from existing
CDBG funds.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby authorize the reallocation of Community Development Block Grant (CDBG)
funds and Residential Construction Tax (RCT) funds among various existing capital
improvement projects as depicted on Exhibit A attached hereto.
Presented by
Approved as to form by
Director
1\~'-)\CN~\Ar\(~~
Ann Moore '
City Attorney
Resolution No. 2006-028
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 24th day of January 2006 by the following vote:
AYES:
Councilmembers:
Castaneda, Chavez, McCann, Rindone, and Padilla
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
ATTEST:
--:. :JJ J /, . ~ ~ r>
Susan Bigelow, MMC, Ci lerk
->
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. 2006-028 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 24th day of January 2006.
Executed this 24th day of January 2006.
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Susan Bigelow, MMC, City Cl
J
Resolution No. 2006-028
Page 3
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