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HomeMy WebLinkAboutReso 2010-080RESOLUTION N0.2010-080 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE SPENDING PLAN FOR CAPITAL PROJECTS LB144 AND PR311 FOR FISCAL YEAR 2010/2011 WHEREAS, consideration and approval of the General Fund Spending Plan is a preliminary step being added to the City's regular budget adoption process this year in order to provide an additional opportunity for the City Counci] to provide input and direction regarding the General Fund budget for the coming fiscal year; and WHEREAS, the General Fund Spending Plan totals $134.0 million and reflects the City Manager's recommended allocation of resources for fiscal year 2010/20] 1 and takes into account the continued impact of the economic recession; and WHEREAS, the General Fund Spending Plan includes $1.0 million for two new capital improvement projects LB144 and PR311 that will be funded through a loan repayment from the Redevelopment Agency (RDA) to the General Fund; and WHEREAS, the RDA funding is available through the Tax Allocation Refunding Bonds and must be spent on eligible capital expenditures; and WHEREAS, a public hearing on the General Fund Spending Plan was noticed and all public testimony was received and considered. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby approve the City Manager's General Fund Spending Plan for the City of Chula Vista excluding Capital Projects LB144, and PR311 for fiscal year 2010/2011. Presented by ~ l~ ~,~,-- ~P~ro,~~~~ Maria K~fchadoorian Director of Finance/Treasurer Approved as to form by i t ~~ _ //// ~ ~~J/ /~ B . Miesfeld ,-' ity Attorney Resolution No. 2010-080 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 13th day of Apri12010 by the following vote: AYES: Councilmembers: Bensoussan, Castaneda, Thompson and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: Ramirez ~~~.~ Cheryl Cox, or ATTEST: Donna R. Norris, CMC, City Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA I, Donna R. Norris, City Clerk of Chula Vista, California, Resolution No. 2010-080 was duly passed, approved, an regulaz meeting of the Chula Vista City Council held on the Executed this 13th day of Apri12010. do hereby certify that the foregoing I adopted by the City Council at a 13th day of Apri12010. Donna R. Norris, CMC, City Clerk