HomeMy WebLinkAboutCC RESO 2011-207RESOLUTION NO. 2011 — 207
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING A CHANGE IN THE APPROPRIATION OF FUNDS FROM
THE TAX INCREMENT FUND (FUND 511) TO THE 2011 TAX ALLOCATION BOND
(CAPITAL IMPROVEMENT PROJECTS) FUND (FUND 524) FOR
TWO CIP PROJECTS: 1) HIGHLAND AVENUE SAFETY IMPROVEMENTS
PROJECT IN THE AMOUNT OF $400,000; AND 2) TRAFFIC SAFETY
ENHANCEMENTS (INCLUDING FUTURE SR2S) PROJECT
IN THE AMOUNT OF $400,000, FOR A TOTAL OF $800,000
WHEREAS, during the budget process for the Capital Improvement Program
("CIP"), the City Council approved the appropriation of $800,000 from the Tax Increment Fund
(Fund 511) to two CIP projects: 1) Highland Avenue Safety Improvements Project; and 2)
Traffic Safety Enhancements (Including future SR2S) Project.
WHEREAS, after reviewing bond requirements, it was determined the proper
appropriation would be from the 2011 Tax Allocation Bond (Capital Improvement Projects) Fund
(Fund 524).
WHEREAS, it is appropriate to release the previously approved appropriation of
$800,000 from Tax Increment Fund (Fund 511) and appropriate $800,000 from the 2011 Tax
Allocation Bond (Capital Improvement Projects) Fund (Fund 524) for the two projects, each in
the amount of $400,000, for a total of $800,000.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby authorizes the release the previously approved appropriation of $800,000
from Tax Increment Fund (Fund 511).
BE IT FURTHER RESOLVED that the City Council hereby authorizes an
appropriation of $800,00 from the 2011 Tax Allocation Bond (Capital Improvement Projects)
Fund (Fund 524) for two capital improvement projects: 1) $400,000 into the Highland Avenue
Safety Improvements Project; and 2) $400,000 into the Traffic Safety Enhancements (Including
future SR2S) Project.
PASSED and ADOPTED this 27th day of September, 2011.
ATTEST:
' n
Mich eI R. Dalla, Ci Clerk
PROVED AS TO FORM:
a Gacitu
City Attorney
ilva
n Morrison, Mayor
Passed and adopted by the Council of the City of National City, California, on
September 27, 2011 by the following vote, to -wit:
Ayes: Councilmembers Morrison, Natividad, Rios, Sotelo-Solis, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
City Clerk of the City of National City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2011-207 of the City of National City, California, passed and
adopted by the Council of said City on September 27, 2011.
City Clerk of the City of National City, California
By:
Deputy