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HomeMy WebLinkAboutCC Res 7535 2024-06-24 RESOLUTION 7535 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL TRANSFERRING FISCAL YEAR CIP O-ST-3 FUNDING FROM GAS TAX (FUND 210) TO SB 1 RMRA (FUND 209) AND AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO REALLOCATE CIP O-ST-3 FISCAL YEAR 2023-24 EXPENDITURES FROM GAS TAX (FUND 210) TO SB 1 RMRA (FUND 209) WHEREAS, on May 22, 2023, City Council approved Resolution 7409 adopting the Fiscal Year 2023-24 Operating and Capital Improvement Budget, which listed CIP O-ST-3 Arterial Street Resurfacing Program ("O-ST-3") as being funded using Gas Tax (Fund 210); and, WHEREAS, in anticipation of the City receiving an estimated $646,002 in SB 1 RMRA funding (Fund 209) in Fiscal Year 2024-25, staff listed O-ST-3 as one of the qualified projects; and, WHEREAS, on May 13, 2024, City Council approved Resolution 7514 adopting a list of projects for Fiscal Year 2024-25 to be funded by SB 1 RMRA, which included O-ST-3; and, WHEREAS, the City desires to utilize SB 1 RMRA to fully fund O-ST-3; and, WHEREAS, the City desires to transfer the Fiscal Year 2023-24 designated O-ST-3 funds from Gas Tax (Fund 210) to SB 1 RMRA (Fund 209) via a budget amendment; and, WHEREAS, the City desires to reallocate all Fiscal Year 2023-24 O-ST-3 incurred expenditures from Gas Tax (Fund 210) to SB 1 RMRA (Fund 209); and, WHEREAS, the proposed action is not a "project" as defined in the California Environmental Quality Act (CEQA), Public Resource Code Section 21065 and Section 15378 (b) (4) and (5) of the State CEQA Guidelines, because the proposed action is an organizational or administrative activity that will not result in direct or indirect physical change in the environment, and the creation of government funding mechanisms or other governmental fiscal activities, which do not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. NOW, THEREFORE, THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE: 111 Section 1 . The City Council hereby finds all facts in the above recitals are true and correct. Section 2. The City Council hereby authorizes the City Manager, or designee, to transfer the funding of O-ST-3 Arterial Street Resurfacing Program from Gas Tax (Fund 210) to SB 1 RMRA (Fund 209) in the Fiscal Year 2023-24 adopted budget. Section 3. The City Council hereby approves Budget Amendment BA #24- 12-02 reallocating the O-ST-3 Arterial Street Resurfacing Program Fiscal Year 2023-24 approved budget of $1,100,000 from Gas Tax (Fund 210) to SB 1 RMRA (Fund 209). Section 4. The City Council hereby authorizes the City Manager, or designee, to expend funds for CIP O-ST-3 Arterial Street Resurfacing Program funding from SB 1 RMRA (Fund 209). PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a regular meeting held on the 24th day of June 2024 by the following vote: AYES: Council Members Kalmick, Moore, Steele, Landau, Sustarsic NOES: Council Members ABSENT: Council Members ABSTAIN: Council Members Schelly Sustarsic, Mayor A TEST: \��oaaoR,4jF,;��✓ loria D. Har er, City Clerk , STATE OF CALIFORNIA } COUNTY OF ORANGE } CITY OF SEAL BEACH } I, Gloria D. Harper, City Clerk of the City of Seal Beach, do hereby certify that the foregoing resolution is the original copy of Resolution 7535 on file in the office of the city Clerk, passed, approved, and adopted by the City Council at a regular m ti h I on the 24th day of June 2024. loria D. Har er, City Clerk