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HomeMy Public PortalAbout2020.039 - (03-17-20) DocuSign Envelope ID:64EFB705-F3CB-441A-B5FC-01DDBA87DAA6 RESOLUTION NO. 2020.039 A RESOLUTION OF THE CITY COUNCIL APPROVING AN AMENDMENT TO THE FISCAL YEAR 2020 CAPITAL IMPROVEMENT PROGRAM BUDGET WHEREAS, The City Council has previously approved a Fiscal Year 2019-2020 Capital Improvement Program Budget (FY 20 CIP); and WHEREAS, the FY20 CIP is comprised of a list of specific projects with designated budget resources from available Gas Tax, SB1, Measure M, Measure M Bond, Lease Revenue Bond, water fund, sewer fund, Community Development Block Grant funds and other resources; and WHEREAS, Staff is recommending modifications to the previously approved FY20 CIP for the following reasons: 1) to align CDBG appropriations with the Peach Street Improvement and Le Sage Street Improvement project budgets; 2) to appropriate adequate funding to complete Peach Street Improvement Project; 3) to remove Gas Tax and Lease Revenue Bond funding from Wright Road Street Improvement project, which is not yet ready for construction; 4) to switch funding source from Measure M Bonds to SB1 for Virginia Avenue Street Improvement Project which comports to a previous City Council approval on the use of SB1; 5) to switch funding source from Measure M to Measure M Bonds for Bullis Road Improvement Project and Virginia Avenue/Olanda Street Improvement Project to stay within the available fund revenues anticipated for Measure M; and 6) to provide funding for the parking lots improvement at Sanborn Avenue and Mulford Avenue. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, PROCLAIM, ORDER AND RESOLVE AS FOLLOWS: Section 1. That the City Council approves to amend the FY20 Capital Improvement Program Budget attached hereto as Exhibit A. Section 2. That the City Council approves the appropriation and budget reduction attached hereto as Exhibit A. Section 3. That this resolution shall take effect immediately upon its adoption. [Signatures on the following page] 1 DocuSign Envelope ID:64EFB705-F3CB-441A-B5FC-01DDBA87DAA6 PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Lynwood, California, this 17th day of March, 2020. Clik _ 4r.�� Aide Castro, Mayor ATTEST: Z\-----‘ Maria Quinonez, (:)___, Jose O f'eotl, City Clerk City Manager APPROVED AS TO FORM: APPROVED AS TO CONTENT: DocuSigoed by: / , { L±voti, /T pia. ��/ LB9AC•. / aNoefpia, /Richard J. San. i a , City Attorney Director of P .lic Works 2 STATE OF CALIFORNIA ) ) § COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the above and foregoing resolution was duly adopted by the City Council of said City at its regular meeting thereof held in the City Hall of the City on the 17t" day of March, 2020 and passed by the following vote: AYES: COUNCIL MEMBERS ALATORRE, SANTANA, SOLACHE, MAYOR PRO TEM CASANOVA, AND MAYOR CASTRO NOES: NONE ABSTAIN: NONE ABSENT: NONE o 41, Mariaa Quinonez, City Clerk STATE OF CALIFORNIA ) ) § COUNTY OF LOS ANGELES ) I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City Council of said City, do hereby certify that the above and foregoing is a full, true and correct copy of Resolution No. 2020.039 on file in my office and that said resolution was adopted on the date and by the vote therein stated. Dated this 17th day of March, 2020. Maria Quinonez, City Clerk 3