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HomeMy WebLinkAboutItem K,�F SEA< 6 4cZ� AGENDA STAFF REPORT C4, OFORN %� DATE: June 25, 2018 TO: Honorable Mayor and City Council THRU: Jill R. Ingram, City Manager FROM: Steve Myrter, Director of Public Works SUBJECT: Transfer of Funds for Gum Grove Park SUMMARY OF REQUEST: That City Council adopt Resolution 6838 approving Budget Amendment BA 18- 12-01 transferring $87,500 in revenue from the Gum Grove Park tree removal settlement to a revenue account to establish fund balance to be spent on a future project. BACKGROUND AND ANALYSIS: In 2017, the City of Seal Beach received a settlement of $250,000 from a civil case regarding the illegal removal of trees from Gum Grove Park. The cost of replacing what was lost during this action was valued at $87,500. This calculation was based on the findings of a certified master arborist who investigated the site and used historical data to establish a value for the tree loss. On April 23, 2018, the City Council adopted Resolution 6810 establishing a management policy for Gum Grove Park. Using this management policy as a guiding document, staff is now prepared to begin work on a restoration project in the park. The proposed budget amendment will allow staff to use a portion of the funds received from the settlement to perform restoration throughout the park. ENVIRONMENTAL IMPACT: There is no environmental impact related to this item. LEGAL ANALYSIS: No legal analysis is required for this item. Agenda Item K FINANCIAL IMPACT: Budget Amendment 18 -12 -01 allocates $87,500 for the Project as follows: RECOMMENDATION: That the City Council adopt Resolution 6838 approving Budget Amendment BA 18 -12 -01 transferring $87,500 in revenue from the Gum Grove Park tree removal settlement to a revenue account to establish fund balance to be spent on a future project. SUBMITTED BY: Steve .Mryxtvt Steve Myrter, Director of Public Works Prepared by: Tim Kelsey, Recreation Manager ATTACHMENTS: A. Resolution 6838 Page 2 NOTED AND APPROVED: 5t. Agxam. Jill R. Ingram, City Manager Revised /Adopted Proposed Budget (diff) Description Account Budget Budget Amendment Transfer Out - Operation 001 - 080 -47002 $2,499,500 $2,587,000 $87,500 Transfer In- Operation 004 - 000 -31502 $ - $87,500 $87,500 RECOMMENDATION: That the City Council adopt Resolution 6838 approving Budget Amendment BA 18 -12 -01 transferring $87,500 in revenue from the Gum Grove Park tree removal settlement to a revenue account to establish fund balance to be spent on a future project. SUBMITTED BY: Steve .Mryxtvt Steve Myrter, Director of Public Works Prepared by: Tim Kelsey, Recreation Manager ATTACHMENTS: A. Resolution 6838 Page 2 NOTED AND APPROVED: 5t. Agxam. Jill R. Ingram, City Manager Attachment "A" RESOLUTION 6838 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL APPROVING A BUDGET AMENDMENT NUMBER BA 18- 12 -01. Whereas the Gum Grove Nature Park is a vital component of the City's larger park system and the local eco system; Whereas all restoration activities will comply with council policy 400 -18 Gum Grove Nature Park Management Policy; THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE: Section 1. The City Council hereby approves budget amendment number BA 18 -12 -01 transferring $87,500 to an expenditure account for the purpose of Gum Grove Nature Park restoration. Description Account Revised /Adopted Budget Proposed Budget Budget (diff) Amendment Transfer Out - Operation 001 - 080 -47002 $2,499,500 $2,587,000 $87,500 Transfer In- Operation 004 - 000 -31502 $ - $87,500 $87,500 PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a regular meeting held on the 25`h day of June, 2018 by the following vote: AYES: Council Members NOES: Council Membe ABSENT: Council Membe ABSTAIN: Council Members Mike Varipapa, Mayor ATTEST: Robin L. Roberts, City Clerk STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Robin L. Roberts, City Clerk of the City of Seal Beach, do hereby certify that the foregoing resolution is the original copy of Resolution 6838 on file in the office of the City Clerk, passed, approved, and adopted by the City Council at a regular meeting held on the 25th day of June, 2018. Robin L. Roberts, City Clerk