Loading...
HomeMy WebLinkAbout20D - GROWTH MANAGEMENT AREAREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: JANUARY 5, 2004 TITLE: APPROPRIATION ADJUSTMENT ACCEPTING GROWTH MANAGEMENT AREA FUNDS FOR VARIOUS PROJECTS APPROVED [] As Recommended [] As Amended [] Ordinance on 1st Reading [] Ordinance on 2~d Reading [] Implementing Resolution [] Set Public Headng For CONTINUEDTO FILE NUMBER RECOMMENDED ACTION Approve an appropriation adjustment accepting funds in the amount of $465,000 into the Measure M Street Construction Fund (account no. 32-01- 5049) and appropriating funds to the Measure M Street Construction Fund (account no. 32-551-6631) as follows: · $290,000 (project no. 1764, for Westminster Avenue Widening) · $175,000 (project no. 1740, for Memory Lane Bridge Widening) DISCUSSION As part of the funding for the Westminster Avenue and Memory Lane Bridge widening projects, the City received Measure M Growth Management Area (GMA) Funds from OCTA. These GMA funds were previously allocated to Fiscal Year 06/07. The GMA board approved an action to move these funds to the current fiscal year. In order to recognize these funds, an appropriation adjustment is needed. The funds will be used for street improvements that are scheduled to be completed in early 2004. ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. Page 11 20.D. Appropriation Adjustment Accepting GMA Funds For Various Projects January 5, 2004 Page 2 FISCAL IMPACT Funds in the amount of $465,000 will Street Construction Fund (account no. the Measure M Street Construction Fund be recognized in the Measure M 32-01-5049) and appropriated to (account no. 32-551-6631). Executive Director Public Works Agency APPROVED AS TO FUArDS AND ACCOUNTS: Services Agency 20.D. Page 12