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HomeMy WebLinkAbout040-91RESOLUTION NO. 40-91 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF DANVILLE APPROVING THE APPROPRIATION OF ADDITIONAL FUNDS FOR THE ALAMO SPRINGS DEVELOPMENT REVIEW BUDGET WHEREAS, Town Council Resolution No. 98-89 provided for the Memorandum of Understanding (M.O.U.) entered into between the Town of Danville and Contra Costa County establishing the mechanics for a joint development review process of the 155 +/- acre Alamo Springs residential development proposal (30 +/- acres in the Town limits); and WHEREAS, the M.O.U. established a budget estimate for the review of the project ($200,000.00) and indicated that if costs of project review exceeded the budget estimate that the developer would contribute the additional funds necessary to allow full review of the development proposal; and WHEREAS, the project manager for the Alamo Springs project has estimated that $57,000.00 additional funds will be necessary to allow continuation of the development review process for project; and WHEREAS, the County has indicated a desire to review the project manager's projected expenses in detail and a $20,000.00 appropriation is recommended at this time to provide the necessary carry over funds to assure a budget shortfall will not affect the project schedule (this carry over will take the project review through the steps of letting the contract for the consultant prepared fiscal impact analysis and to cover one-plus month's costs associated for project management and the completion of the Administrative Draft of the project Environmental Impact Report); and WHEREAS, Mr. David Rimel, Vice President of the American Real Estate Group (property owners) has submitted to the Town the $20,000.00 necessary to cover the requested appropriation; and WHEREAS, the project manager has determined that it will be necessary to return to the Town Council within six +/- weeks with a request for supplemental appropriations; and PAGE 1 OF RESOLUTION NO. 40-91 WHERF~S, the precise amount to be requested at that time will be determined following detailed review by the Town staff and the staff of Contra Costa County of the project manager's estimate of what funds are necessary to cover the completion of the development review process for the project. NOW THEREFORE, the Town Council of the Town of Danville hereby appropriates an additional $20,000.00 to the Alamo Springs Development Review fund (Account No.006- 650). APPROVED by the Danville Town Council at a regular meeting on February 19, 1991, by the following vote: AYES: NOES: ABSTAIN: ABSENT: Greenberg, Lane, Ritchey, Schlendorf, Shimansky MAYOR ATTEST: C CLERK APPROVED AS TO FORM: ~TY ATTORNEY alspkgp PAGE 2 OF RESOLUTION NO. 40-91