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HomeMy WebLinkAbout70-00 11 0 RESOLUTION NO. 70-00 RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS ADOPTING THE CAPITAL IMPROVEMENT BUDGET FOR THE PERIOD OCTOBER 1,2000-JUNE 30,2001 WHEREAS, the City Council of the Town of Los Altos Hills has received and completed its review of the .proposed 2000-01 Capital Improvement Budget and now desires to adopt the Capital Improvement Budget for the 9-month period of October 1, 2000 through June 30, 2001; NOW, THEREFORE, the City Council of the Town of Los Altos Hills does hereby RESOLVE as follows: Section 1. The City Council does hereby approve and adopt the 2000-01 Capital Improvement Budget for the Town, consisting of the following: Appropriations, interfund transfers and project fiscal closures as set forth in Exhibit A attached hereto. Section 2. The amount of the 2000-01 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. Section 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. Section 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 period ended June 30, 2001. PASSED AND ADOPTED this 21st day of Se•tember 000. ' • - / May•fr T: City Clerk i • • EXHIBIT A CAPITAL BUDGET APPROPRIATIONS, INTERFUND TRANSFERS and PROJECT CLOSURES For the CIP period ended June 30, 2001 I. APPROPRIATIONS Fund Project Appropriation General Pathway-Magdalena 720,000 Drainage Storm Drain Aerial Base Maps 100,000 Street Street Striping 25,000 Pavement Management 00-01 2,400,000 Total Capital Appropriations 3,245,000 II. CAPITAL PROJECT CLOSURES Fund Project Account General Pathway-Lupine to Elena 427781 Pathway-Fremont Road 427886 Pathway-Purissima Road 427002 Drainage Storm Drainage Improvements 99-00 457901 Street Fund Pavement Management 98-99 467901 11