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HomeMy WebLinkAboutCC AG PKT 2014-07-14 #G SEAL AGENDA STAFF REPORT DATE: July 14, 2014 TO: Honorable Mayor and City Council THRU: Jill R. Ingram, City Manager FROM: Sean P. Crumby, PE, Director of Public Works SUBJECT: BUDGET AMENDMENT 15-01-01 REGARDING STORM DRAIN PROGRAM — IRONWOOD PROPERTY SUMMARY OF REQUEST: That the City Council approve Resolution No. 6485 approving Budget Amendment 15-01-01 to allocate $62,676 for the purchase of real property at 4197 Ironwood Avenue for the purpose of constructing future storm drain improvements. BACKGROUND AND ANALYSIS: On June 27, 2011, the City Council allocated $700,000 for the purchase of real property to be identified later and that is located on the northern side of Ironwood Avenue between Elder Avenue and Guava Avenue for the purpose of constructing future storm drain improvements. Staff subsequently identified the property at 4197 Ironwood Avenue as an suitable property for the project, and the City Council authorized its purchase on June 2, 2014. The property price is $769,900 with a 1% ($7,699) rebate to the City. The purchase agreement has been finalized and all necessary inspections completed. The cost for the inspection report was $475. The total cost of the purchase price and inspection report is $762,676, which leaves a budget shortfall of $62,676. Budget Amendment 15-01-01 would allocate $62,676 in account number 045- 333-44000 SDII 401 for the Project as follows: Description Account Revised/Adopted Proposed Budget (diff) Budget Budget Amendment Contract Professional 045-333-44000 $7,128,700 $7,191,376 $62,676 Transfer In 045-000-31500 $7,128,700 $7,191,376 $62,676 Transfer Out 001-080-47000 $5,759,700 $5,822,376 $62,676 Agenda Item— Q ENVIRONMENTAL IMPACT: There is no environmental impact related to this item, LEGAL ANALYSIS: The City Attorney has reviewed the proposed resolution and approved it as to form. FINANCIAL IMPACT: Budget Amendment 15-01-01 would reallocate $62,676 for the Project as described above. There is an assigned fund balance of approximately $715,000 set aside for Storm Drains, the funding for this budget amendment will come from that set aside. RECOMMENDATION: That the City Council approve Resolution No. 6485 approving Budget Amendment 15-01-01 to allocate $62,676 for the purchase of real property at 4197 Ironwood Avenue for the purpose of constructing future storm drain improvements. SUBMITTED BY: NOTED AND APPROVED: Sean rurAby, P.E. 4RLIngram, City k(on ger Director of Public Works Prepared by: Michael Ho, Deputy Director PW/City Engineer Attachment: A. Resolution No. 6485 Page 2 RESOLUTION NUMBER 6485 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL APPROVING BUDGET AMENDMENT NO. 15-01-01 TO ALLOCATE$62,676 TO THE PURCHASE OF REAL PROPERTY AT 4187 IRONWOOD AVENUE FOR STORM DRAIN UTILITY PURPOSES THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE, FIND AND DETERMINE AS FOLLOWS: The City Council hereby approves Budget Amendment No. 15-01-01 to allocate $62,676 in account number 045-333-44000 SD1401 for the purchase of 4197 Ironwood Avenue for storm drain utility purposes as follows: Description Account Revised/Adopted Proposed Budget(dift) Budget Budget Amendment Contract Professional 045-333-44000 $ 7,128,700 $ 7,191,376 $ 62,676 Transfer In 045-000-31500 $ 7,128,700 $ 7,191,376 $ 62,676 Transfer Out 001-080-47000 $ 5,759,700 $ 5,822,376 $ 62,676 PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a regular meeting held on the 14th day of July, 2014 by the following vote: AYES: Council Members NOES: Council Members ABSENT: Council Members ABSTAIN: Council Members Mayor ATTEST: City Clerk STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } 1, Linda Devine, City Clerk of the City of Seal Beach, do hereby certify that the foregoing resolution is the original copy of Resolution Number 6485 on file in the office of the City Clerk, passed, approved, and adopted by the Seal Beach City Council at a regular meeting held on the 14th day of July 2014. City Clerk