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1 <br /> 7 <br /> RESOLUTION NO. R-29-23 <br /> A RESOLUTION OF THE CITY COUNCIL, AMENDING THE FISCAL YEAR <br /> 4 2022/2023 BUDGET TO INCREASE APPROPRIATIONS IN THE LOCAL <br /> FISCAL RECOVERY FUND CAPITAL IMPROVEMENT EXPEDITURE <br /> 5 <br /> ACCOUNT BY$67,208.70. <br /> 6 <br /> WHEREAS, the budget for fiscal year 2022-2023 has been approved by City Council, <br /> 7 <br /> 8 and must now be amended to increase the Local Fiscal Recovery Fund Capital Improvement <br /> 9 expenditure account by$67,208.70; and, <br /> 10 WHEREAS, the funding will be utilized to support the City's goal to improve the <br /> 11 City's Downtown Paseo infrastructure; <br /> 12 <br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COLTON DOES <br /> 13 <br /> HEREBY RESOLVE AS FOLLOWS: <br /> 14 <br /> 15 Section 1. The City Council hereby attests that the Downtown Paseo Project <br /> 16 meets the criteria for eligibility for expenditure of Local Fiscal Recovery Funds. <br /> 17 Section 2. The City Council hereby amends the Fiscal Year 2022-2023 <br /> 18 budget as follows: <br /> 19 • Increase appropriations from reserve balance in Local Fiscal Recovery Fund <br /> 20 Capital Improvement Account Number 219-2332-1000-3890-0000-000 by <br /> 21 $67,208.70 to complete Change Order No.2 for the Downtown Paseo Project. <br /> 22 <br /> 23 PASSED, ADOPTED AND APPROVED THIS 2ND DAY OF Y,2023. <br /> 24 <br /> 25 <br /> FRA J.N A ,MAYOR <br /> 26 ATTEST. <br /> 27 <br /> • <br /> 28 STEPHANIE VARGAS,DEPUT ITY CLERK <br /> - 1 - <br />