R-097-22 Amend the Fiscal Year 2022/2023 Capital Improvement Budget

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1 RESOLUTION NO. R-97-22 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON.TO AMEND 3 THE FISCAL YEAR 2022/2023 CAPITAL IMPROVEMENT BUDGET 4 WHEREAS, the City intends to support the City's goal to improve the City's traffic safety and infrastructure; and, 5 WHEREAS, the budget for Fiscal Year 2022-2023 has been approved by City Council, 5 and must now be amended to increase the appropriation in the Public. Works=Engineering 7 Division for Measure I funded projects; and; 8 WHEREAS, the Measure I revenue estimate for Local Streets for the City of Colton for FY 2022/2023 increased by $265,599; and, 9 WHEREAS, the increased funding will be utilized to supplement various Measure I 10 funded projects listed for FY 2022/2023 by increasing the -funding for each project to compensate for the construction price increase due to inflation; and, tr WHEREAS, a .budget appropriation and adjustment not listed in the Fiscal Year 12: 2022/2023 budget is required and must be approved by resolution of the City .Council. 13 NOW, THEREFORE; BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY 14 OF COLTON DOES. HEREBY RESOLVE AS:.FOLLOWS: 15. Section 1 The Recitals preceding in this Resolution are true and correct and are incorporated into. this Resolution by reference. 16 Section 2 The City Council authorizes the following. amendments for the Fiscal Year 17 202.112022 budget: 1.8 •. Increase revenues by $26.5,599.in account number 218-5711-000; and 19 increase appropriation in account n.umber:218=2306-6150-3890 -0000 by $86,036 for the Pavement Rehabilitation: Cooley ❑rive (1-215 Bridge to Ashley Way) Project; and 20 ■ Increase appropriation in account number 218-230.7-61:50-3890-0000 by $9,900 for the 21 Pavement Rehabilitation: 7th Street (Valley Blvd. to H St.)Project; and ■ increase appropriation in account number 218-2308-6150-3890-0000 by $44,950 for the 22 Pavement Rehabilitation: Rancho Ave. (South of N St. to Cement Plant Rd..) Project; and .23 ■ Increase appropriation in .account number .218-2309-6150-3894 -000.0 by $23,760 for the Pavement Rehabilitation: Citrus St. (Bordwell to La Cadena) Project;. and 24 • Increase appropriation in account number 218=2310-6150-38.9.0 -0000 by $10;700 for 25 the Pavement Rehabilitation: Rosedale Ave. - City Limit Only (Litton Ave. to Cordova St.) Project; and 26 • Increase appropriation in account number 218-2311-6150-3890 -0000. by $1.8,244 for 27 the Pavement Rehabilitation: Litton. Ave (La Cadena to Bostick Ave.) Project; and 28. • Increase. appropriation in account number 218-2312-6150-389.0 70000 by $35;415 for the Pavement Rehabilitation: D Street Improvement Project (La. Cadena Dr. to 6th St.) Project; and