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CC Resolution 8998 RESOLUTION NO. 8998 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL APPROVING A BUDGET ADJUSTMENT TO TRANSFER DEVELOPER FUNDS TO PUBLIC WORKS PROJECT REVENUE FUND WHEREAS, On June 4, 1996 the Agency Board authorized staff to initiate the process for establishing a Local Improvement District for improving Cristich Lane to public street standards in association with the development of the former Winchester Drive-In site; and WHEREAS, the City has established a project revenue account to fund preliminary engineering and related services necessary to initiate the LID process; WHEREAS, the City Attorney has authorized the use of previously deposited and unexpended developer funds for engineering and related services associated with off-site improvements for the development of the former Drive-in site. NOW, THEREFORE, BE IT RESOLVED, that the Agency Board hereby authorizes the attached budget adjustment in the amount of $39,843. PASSED AND ADOPTED, this 18th day of June, 1996 by the following roll call vote: AYES: Councilmembers Burr, Conant, Watson, Furtado, Dougherty NOES: Councilmembers None ABSTAIN: Council members None ABSENT: Counc il members None ATTEST: ~ ~ Anne Bybee, City Clerk CITY OF CAMPBBTaTa REQUEST FOR BUDGBT ADJUS.&~TS DEPARTMENT/PROGRAM DIVISION ~TE UQUEST NO. Public Works/Design & Const. June 6, 1996 ,eA, 9"~ -7r BUDGBT . TRANSFER TO BE REDUCED: FUND ACCOUNT NUMBER DBSCRIftION AllOUN'l' TO BE INCREASED: FUND ACCOUNT NUMBER DESCRIPTION AMOUNT 435 435 .4921 9625.7430 Project Revenues Cristich Lane - LID Professional Services $39,843 39,843 R.a.on for a.qu..t (Be .pac~f~c)1 To transfer balance of refundable deposit '2320 (101.2203) into Project revenues as approved by City Attorney Signature: 19f1atura: CI'l'Y NANAGD REV 2/90