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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />81 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18' <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-139-08 <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, CALIFORNIA TO <br />INCREASE THE FISCAL YEAR 2008/2009 CAPITAL IMPROVEMENT PROGRAM <br />BUDGET IN THE AMOUNT OF $1,432,000 FOR THE TEEN CENTER PROJECT. <br />WHEREAS, the City of Colton is a municipal corporation duly organized and existing <br />pursuant to the Constitution and laws of the State of California ("City"); and <br />WHEREAS, the budget for the City of Colton for fiscal year commencing July 1, 2008 <br />and ending June 30, 2009 was approved on June 17, 2008; and <br />WHEREAS, the approved budget is in accordance with all applicable ordinances of <br />the City and all applicable statutes of the State; and <br />WHEREAS, the reallocation of the appropriations between departmental activities may <br />be made by the City Manager, amendments (increases/decreases) to the Budget shall be by <br />approval and Resolution of the City Council; <br />WHEREAS, the City Council of the City of Colton is dedicated to improving City <br />infrastructure and the aesthetics of the City; and <br />WHEREAS, the funding has been identified for the allocation of the Teen Center <br />Project. <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COLTON DO HEREBY <br />RESOLVE that the FY 2008/2009 Capital Improvement Program budget be amended to <br />1) Increase the FY 2008/2009 CIP budget in the amount of $1,182,000 from a <br />Promissory Note held by the City of Colton: <br />a. Increase 100-1000-1000-5993-004-450 by $1,182,000.00 <br />b. Increase 450-5993-004 by $1,182,000.00 <br />c. Increase 450-0630-6960-3890 $1,182,000.00 <br />