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CC Resolution 11966RESOLUTION NO. 11966 BEING A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL AUTHORIZING THE APPROPRIATION OF UP TO $231,000 FROM THE CIVIC CENTER MASER PLAN RESERVE TO FUND EXPENDITURES RELATED TO PLACING A MEASURE ON THE 2016 GENERAL ELECTION BALLOT WHEREAS, the approval of the FY 2015-16 Operating Budget included a $500,000 reserve to use for expenditures related to the Civic Center Master Plan (COMP); and WHEREAS, the 2016 Council Priorities Setting Session held on January 29, 2016, the City Council directed staff to explore the possibility of placing a revenue measure on the November 2016 General Election ballot to finance implementation of the CCMP; and WHEREAS, the City Council created a $500,000 reserve fund for expenses related to the CCMP and approximately $28,000 has been appropriated from this reserve to pay for the City Hall Tier I assessment, leaving a balance of $472,000; and WHEREAS, the estimated expenditures related to placing a measure in the 2016 General Election ballot is $231,000; and NOW, THEREFORE, BE IT RESOLVED; that the City Council of the City of Campbell hereby authorizes the appropriation of funds up to $231,000 from the Civic Center Master Plan Reserve to fund expenditures related to placing a measure on the 2016 General Election ballot. PASSED AND ADOPTED, this 5~h day of April, 2016 by the following roll AYES: COUNCILMEMBERS: Kotowski, Resnikoff, Cristina, Gibbons, Baker NOYES COUNCILMEMBERS: None ABSTAIN: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None APPROVED: wr ' ~ ~`--- Jason T. Baker, Mayor ATTEST:~j Wendy d, City Clerk