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R-115-15 Amend the Fiscal Year 2015-16 Capital Improvement budget to set up a new Measure I account and appropriate $514,858. (10.20.15)
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R-115-15 Amend the Fiscal Year 2015-16 Capital Improvement budget to set up a new Measure I account and appropriate $514,858. (10.20.15)
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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <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-115-15 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON TO <br />AMEND THE FISCAL YEAR 2015/2016 CAPITAL IMPROVEMENT BUDGET <br />TO SET UP A NEW MEASURE I ACCOUNT AND APPROPRIATE $514,858 <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, On June 4, 2015, the City of Colton received and posted a reimbursement <br />check of $514,858 back into the regular Measure I (218) revenue account; and <br />WHEREAS, before the end of the Fiscal Year 2015/2016, the department will amend <br />the Fiscal Year 2015/2016 Measure I Five -Year Capital Improvement Plan and Expenditure <br />strategy plan to include this new Project Expenditure; and <br />WHEREAS, a budget appropriation for approved activities, not listed in the 2015-2016 <br />Fiscal Year budget is required and must be approved by resolution of the City Council. <br />NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF <br />THE CITY OF COLTON DOES HEREBY RESOLVE AS FOLLOWS: <br />Section 1 The Recital preceding in this Resolution are true and correct and are <br />incorporated into this Resolution by reference. <br />Section 2 The City Council authorizes an appropriation of $514,858 as an adjustment to <br />the Fiscal Year 2015-2016 budget as follows: <br />• Set up a new Account (FY 2015/2016 Pavement Rehab/ Barton Rd & Rancho Ave) <br />218-1608-6150-3890 and appropriate $514,858 into the account. <br />PASSED, APPROVED AND ADOPTED this 20`h of October, 2015. <br />Fr . avarro, Mayor Pro Tempore <br />Attest: <br />Carolina R. Padilla, City Clerk <br />
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