R-095-14 Amend the Fiscal Year 2014-2015 Capital Improvement Budget to Appropriate $549,000 from Measure I

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9 10 11 12 13 14 15 16 17 18 19 20 21i 22 23 24 25 26 27 28 RESOLUTION NO. R-95-14 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON TO AMEND THE FISCAL YEAR 2014/2015 CAPITAL IMPROVEMENT BUDGET TO APPROPRIATE $549,000 FROM MEASURE I. WHEREAS, the City of Colton is a municipal corporation duly organized and existing pursuant to the Constitution and laws of the State of California ("City"); and WHEREAS, On June 17, 2014, the City Council adopted Resolution R-50-14 amending the Fiscal Year 2013/2014 Measure I Five -Year Capital Improvement Plan and Expenditure strategy plan; and WHEREAS, a budget appropriation for approved activities, not listed in the 2013-2014 Fiscal Year budget is required and must be approved by resolution of the City Council. NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF COLTON DOES HEREBY RESOLVE AS FOLLOWS: Section 1 The Recital preceding in this Resolution are true and correct and are incorporated into this Resolution by reference. Section 2 The City Council authorizes an appropriation of $549,000, as an adjustment to the Fiscal Year 2014-2015 budget as follows: • Increase expenditure account 450-1508-6970-3890 in the amount of $77,000. (Mt. Vernon Avenue Corridor Traffic Signal Improvement) • Increase expenditure account 450-1509-6970-3890 in the amount of $372,000. (Reche Canyon Road Pavement Rehabilitation) • Increase expenditure account 450-1510-6970-3890 in the amount of $100,000. (Mt. Vernon Avenue Pavement Rehabilitation) • Increase expenditure account 218-1000-1000-5993-0004-450 in the amount of $549,000. • Increase revenue account 450-5993-218 in the amount of $549,000.