HomeMy WebLinkAboutReso 2007-091
RESOLUTION NO. 2007-091
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING AN INTERPROJECT
TRANSFER FROM EXISTING CIP "WESTERN CHULA VISTA
INFRASTRUCTURE FINANCING PROGRAM (CIP NO. GG 188)"
TO PR295 IN THE AMOUNT OF $285,980 AS NECESSARY TO
FULLY FUND THE PROJECT
WHEREAS, the Western Chula Vista Infrastructure Financing Program was established in
2004 and included $9 million of financing for parks and drainage improvements in western Chula
Vista; and
WHEREAS, the drainage improvement portion of the program made up $4.7 million of the
amount, the vast majority being utilized to rehabilitate or replace corrugated metal pipe; and
WHEREAS, the balance of the funds ($4.3 million) was set aside for related projects at
Harborside Park, Otay Park, and the Women's Club; and
WHEREAS, work has been completed at both Harborside and Otay Parks, and only $285,980
of the bond proceeds are remaining; and
WHEREAS, it has been determined that since the $285,980 in remaining bond proceeds
represent less than half of what it would take to update the Women's Club (due to a 35 percent
increase in construction costs dating back to January 2003), the remaining funds would not be wisely
spent on the Women's Club as any improvements that could be made would be quite limited; and
WHEREAS, since the remaining amount was originally set aside by the City Council for park
purposes in western Chula Vista, the Lauderbach Park improvements are a better fit for the
remaining bonds; and
WHEREAS, the Finance Department has reviewed this change in plan to utilize the
remaining funds at Lauderbach Park for compliance with the financing document and has found that
the bond proceeds can be used for this purpose even though Lauderbach Park has not been identified
as a specific project at the time of the financing; and
WHEREAS, the $400,000 in funding for the proposed Capital Improvements for PR295
will come from a previously allocated Per Capita State Recreation Grant and a transfer from an
existing project (GG 188); and
Resolution No. 2007-091
Page 2
WHEREAS, staff recommends the authorization of an interproject transfer from existing
Capital Improvement Project (CIP) "Western Chula Vista infrastructure Financing Program (CIP No.
GG 188)" to PR295 (Lauderbach Park Improvements) in the amount of $285,980 as necessary to
fully fund the project.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City ofChula Vista
does hereby authorize an interproject transfer from existing CIP "Western Chula Vista Infrastructure
Financing Program (CIP No. GGI88)" to PR295 in the amount of $285,980 as necessary to fully
fund the project.
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Approved as to form by
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Ann Moore
City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 17th day of April 2007 by the following vote:
AYES:
Councilmembers:
Castaneda, Ramirez, Rindone, and Cox
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
None
ABSTAIN:
Councilmembers:
McCann
ATTEST:
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r Susan Bigelow, MMC, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
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Cheryl Cox, May
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2007-091 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 1 th day of April 2007.
Executed this 17th day of Apri12007.
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