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HomeMy WebLinkAboutCC RESO 16,035RESOLUTION NO. 16,035 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING THE TRANSFER OF FUNDS FOR THE UNAPPROPRIATED RESERVES OF THE GAS TAX AND CDBG FUNDS TO "UPGRADE 3 TRAFFIC SIGNALS" BE IT RESOLVED by the City Council of the City of National City that it hereby authorizes and directs the following transfer of funds be made in order to meet necessary budget requirements: AMOUNT: $106,000.00 FROM: Unappropriated Reserves of Gas Tax--$51,000 TO: PURPOSE: Account 109-2411 Unappropriated Reserves of the CDBG Funds--$54,000 Account 301-2411 Upgrade 3 Traffic Signals Account 109-409-500-598-6512 Account 301-409-500-598-6512 The current budgeted amount is insufficient to cover the estimated project cost. The transfer of funds will enable staff to proceed with the full improvements at these 3 critical intersections. PASSED and ADOPTED this 25th day of July, 1989. GEORGEERS� OR ATTEST: tYltAi LORI ANNE PEOPLES, CITY CLERK APPROVED AS TO FORM: • GEORGE H. EISER, III CITY ATTORNEY