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i • • RESOLUTION NO. 66-01 RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS APPROVING THE FIVE YEAR CAPITAL IMPROVEMENT PLAN AND ADOPTING THE CAPITAL IMPROVEMENT BUDGET FOR THE PERIOD JULY 1, 2001 -JUNE 30, 2002 WHEREAS, the City Council of the Town of Los Altos Hills has received and completed its review of the proposed Five Year Capital Improvement.Program and the proposed Fiscal Year 2001 -2002 Capital Improvement Budget and now desires to approve the five year plan and to adopt the Capital Improvement Budget for the 12 month period July 1, 2001 through June 30, 2002. NOW,THEREFORE,the City Council of the Town of Los Altos Hills does RESOLVE as follows: 1. The City Council does hereby approve the Five Year Capital Improvement Plan and adopt the Capital Improvement Budget for the Town of Los Altos Hills for Capital Year 2001 -2002, consisting of the following: Appropriations, interfund transfers and project fiscal closures as set forth in Exhibit A, attached hereto. 2. The amount of the 2001 -2002 Capital Improvement Budget for each account area of the Budget may be drawn upon in the form of warrants issued for payment demands and certified in accordance with the provisions of California Government Code Section 37208 and 37209. 3. The City Manager shall periodically report to the City Council the status of each of the Capital Improvement projects hereby approved and the amount and classification of funding received and expenditures made within each project. 4. A copy of the adopted Capital Budget, signed by the Mayor and attested to by the City Clerk, shall be kept on file with the City Clerk of the Town of Los Altos Hills, as the official Capital Improvement Budget of the Town of Los Altos Hills for the year ended June 30, 2002. PASSED AND ADOPTED this20th day of September , 2001. By: . -+�..•� Mayor ATTEST: City Clerk N:\DATA\Clients\L\LAH\Res\CapitalBudget.rut.wpd