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HomeMy WebLinkAboutReso 2010-129RESOLUTION NO. 2010-129 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE SPENDING PLAN FOR THE CAPITAL IMPROVEMENT BUDGET FOR PROJECT STM370 FOR THE FISCAL YEAR ENDING JUNE 30, 2011 WHEREAS, the City Council considered and approved the Spending Plan for the General Fund at the April 13, 2010 Council Meeting; and WHEREAS, the Spending Plan for All Funds for Fiscal Yeaz 2010/2011 reflects a $321.6 million expenditure budget and $304.3 million in anticipated revenues; and WHEREAS, the Spending Plan for All Funds for Fiscal Year 2010/2011 reflects the City Manager's recommended allocation of resources for the coming fiscal year and takes into account the continued impact of the economic recession; and WHEREAS, the proposed Spending Plan for All Funds includes $21.6 million in funding for Capital Improvement Projects; and WHEREAS, the City Council will consider final adoption of the City Manager's Proposed Fiscal Yeaz 2010/2011 Budget on June 8, 2010. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby approve the City Manager's All Funds Spending Plan for Capital Improvement Project STM370 for Fiscal Year 2010/2011. Presented by Approved as to form by y 4`C,dl,~-, Maria achadoorian Director of Finance/Treasurer Resolution No. 2010-129 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 25th day of May 2010 by the following vote: AYES: Councilmembers: Bensoussan, Ramirez, Thompson and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: Castaneda Cheryl Coy Ma or ATTEST: ~(.Gt~~ e Donna R. Norris, C C, ity Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2010-129 was duly passed, approved, and adopted by the City Council at a regulaz meeting of the Chula Vista City Council held on the 25th day of May 2010. Executed this 25th day of May 2010. ~~~ ~~ Donna R. Norris, CMC, City Clerk