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HomeMy WebLinkAbout010-2019DocuSign Envelope ID: F60C8CEB-72AD-408B-8FD3-1A6D0F668E0A RESOLUTION NO. 10-2019 APPROVING MID -YEAR ADJUSTMENTS TO THE FY 2018/19 CAPITAL IMPROVEMENT PROGRAM WHEREAS, Government Code Sections 65302 et seq. require that the Town of Danville must take into consideration future capital facilities when planning for the development of the community; and WHEREAS, the Town Council adopted Resolution 65-2018 approving the 2018/19 through 2022/23 capital improvement program and appropriating funding for 2018/19 projects on June 6, 2018; and WHEREAS, the Town has completed a mid -year review of all 2018/19 projects; and hereby recommends the following mid -year adjustment to the adopted 2018/19 Capital Improvement Program: • Appropriate $568,000 from the Commercial Transportation Improvement Program (CTIP) fund for project B-597 - Village Theatre Parking Lot Expansion; • Transfer $568,000 from project B-597 - Village Theatre Parking Lot Expansion to the Capital Improvement Program - General Purpose fund; • Add project B-626 - Town Office Relocation; delete project A-580 - Town Office Improvements; • Transfer $4,396,390 from project A-580 - Town Office Improvements to project B-626 - Town Office Relocation; and • Appropriate $5,203,610 from CIP General Purpose fund to project B-626 - Town Office Relocation. WHEREAS, sufficient funding is available in the Town's funds; now, therefore, be it RESOLVED, that the Danville Town Council hereby approves the mid -year adjustments to the 2018/19 Capital Improvement Program. DocuSign Envelope ID: F60C8CEB-72AD-408B-8FD3-1A6D0F668E0A APPROVED, by the Danville Town Council at a regular meeting held on February 19, 2019, by the following vote: AYES: Arnerich, Blackwell, Morgan, Stepper, Storer NOES: None ABSTAINED: None ABSENT: None pDocuSigned by: "-2640D07461784DD... MAYOR APPROVED AS TO FORM: ATTEST: p-DocuSigned by: DocuSined by: �895C6C4OADBF4BF... '-71735A3F04C942F... CITY ATTORNEY CITY CLERK PAGE 2 OF RESOLUTION NO. 10-2019