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HomeMy WebLinkAbout112-02RESOLUTION NO. 112-2002 TRANSFERRING ADDITIONAL FUNDS FOR THE TOWN OF DANVILLE OVERLAY PROJECT 2001, FEDERAL AID PROJECT NO. STPL-5434 (011), CIP PROJECT A-370, CAMINO TASSAJARA STREET REPAIR WHEREAS, on May 7, 2002, the Town of Danville entered into a contract with Granite Construction Inc. for the Town of Danville Overlay Project 2001, Federal Aid Project No. STPL-5434 (011); and WHEREAS, installed quantities have under-run the original estimated quantifies, thereby creating a surplus of funds; and WHEREAS, MTC has approved extension of the contract to include CIP A-386 for Cm~dno Tassajara Street Repair, between Old Orchard Road and Sycamore Valley Road in order to fully utilize federal grant funding; and WHEREAS, there are sufficient funds appropriated in the 2002/03 FY CIP to cover the Town's share of the additional work; now, therefore be it RESOLVED, by the Danville Town Council that $100,000 is hereby transferred from the Camino Tassajara- Old Orchard to Sycamore Valley Project account, CIP No. A-386; (SVAD Benefit District) to the Danville Overlay Project 2001, Federal Aid Project No. STPL-5434 (011), CIP project A-370, Camino Tassajara Street Repair. APPROVED by the Danville Town Council at a regular meeting on November 6, 2002 by the following vote: AYES: NOES: ABSTAINED: ABSENT: Waldo, Arnerich, Doyle, Greenberg, Shimansky None None None MAYOR APPROVED AS TO FORM: CITY ATTORNEy ATTEST: CITY CLERK