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HomeMy WebLinkAboutAGENDA REPORT 2003 1217 CC REG ITEM 10DMOORPARK CITY COUNCIL AGENDA REPORT of 7- 0?0a_-1 ACTION- ad :,U 4&& aoo3 -a /6 s -o TO: The Honorable City Council 1 FROM: Mary K. Lindley, Director of Community Services f DATE: December 2, 2003 (Meeting of 12/17/03) SUBJECT: Consider Budget Amendment to Appropriate Funds for the Mountain Meadow Plaza Fountain DISCUSSION The City Council is being asked to adopt the attached resolution amending the FY 03/04 budget by appropriating $15,000 for the Mountain Meadows Plaza fountain. Funds in the amount of $12,000 will be used to cover electrical costs associated with operating the water fountain pump. The remaining $3,000 will allow the City to purchase and install bench(es) at the site of the fountain. When the fountain became operational in March 2002, the electrical service was powered directly from the electrical meter servicing the adjacent shopping center. The property owner requested that the City pay for its share of the electrical cost - past and future. A sub -meter was installed in March 2003, for the specific purpose of tracking energy usage for the fountain. Since Edison will not bill the City for electrical power serviced by the sub - meter, the City's only option is to reimburse the property owner. In order to develop an equitable reimbursement rate, the fountain's energy use was monitored for several months. The information obtained from the sub - meter, combined with the rates Edison charges, was used to develop a flat monthly rate that the City will reimburse the property owner. Edison has two commercial rates, one it charges during the winter (October - May) and another rate it charges for the summer (June - September). As a result, the City will pay two different monthly rates to the M: \MLind1ey \1,andscp Zones \MM Fountain \fcuntain budget amendment ccagd.doc 0002'76 Honorable City Co,.:ncil December 17, 2003 Page 2 Mountain Meadow Plaza property owner: $376 per month during the winter and $537 per month during the summer. This is based on fountain operational hours of 7 a.m. to 9 p.m. 365 days a year. The property owner has agreed to this reimbursement formula. Based on the proposed rate developed by staff, the City previously paid the Mountain Meadows Plaza property owner $9,184 (March 2002 - November 2003) . For the remainder of the fiscal year (December 2003 - June 2004), the City will make monthly payments in the total amount of $2,793. The total amount of the budget amendment is $12,000. Additionally, staff is recommending that the City install bench(es) near the fountain so that the public can enjoy the surrounding setting. The property owner has expressed a willingness to allow the City to puce bench(es) on its property at the City's expense. Staff's intent is to install two benches if the property owner agrees. It is estimated that two benches with concrete pads will cost $3, 000. It is recommended that funds be transferred from the Citywide Landscape and Lighting Maintenance Assessment District (AD 84 -2) reserve balance to the Landscape Maintenance expenditure budget. It is estimated that the landscape portion of the Citywide Landscape and Lighting Assessment District will have a FY year -end fund balance of $106,000. Therefore, there are sufficient funds to cover the aforementioned electrical cost. However, it should be noted that the Citywide Zone's expenditures are greater than the annual assessment collected from property owners. As a result, the existing fund balance will continue to be drawn down. Following the Council's action, staff will draft an agreement between the City and the Mountain Meadows Plaza property owner documenting arrangements for the fountain. STAFF RECOMMENDATION (Roll Call Vote) Adopt Resolution No. 2003 - amending the FY 2003/04 budget by transferring $15,000 from the Citywide Landscape and Lighting Assessment District (AD 84 -2) reserve balance 000277 Honorable City Council December 17, 2003 Page 3 (2300) to the Citywide Landscape Maintenance budget (2300.7900) to purchase two benches and cover electrical costs associated with the Mountain Meadows Plaza fountain, and authorize the City Manager to execute an agreement regarding the Mountain Meadows Plaza fountain. Attachment: Resolution 000278 Honorable City Council December 17, 2003 Page 4 RESOLUTION NO. 2003- RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FY 2003/04 BUDGET FOR BENCHES AND COSTS ASSOCIATED WITH THE MOUNTAIN MEADOWS PLAZA FOUNTAIN ELECTRICAL COSTS BY APPROPRIATING $15,000 FROM THE CITYWIDE LIGHTING AND LANDSCAPE ASSESSMENT DISTRICT (AD 84 -2) FUND BALANCE (2300) TO THE CITYWIDE LANDSCAPE MAINTENANCE BUDGET (2300.7900) WHEREAS, on June 18, 2003, the City Council adopted the FY 2003/04 Budget; and WHEREAS, on December 17, 2003, staff presented the Council with a report which requests the appropriation of $15,000 from the Citywide Lighting and Landscape Assessment District (AD 84 -2) for benches and costs associated with the Mountain Meadows Plaza fountain electrical costs; and WHEREAS, Exhibit "A" hereof describes said budget amendment and its resultant impacts to the budget line items. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES RESOLVE AS FOLLOWS: SECTION 1. A budget amendment to allocate $15,000 from the Citywide Lighting and Landscape Assessment District (AD 84 -2) for benches and fountain electrical costs, as more particularly described in Exhibit "A" attached hereto is hereby approved. SECTION 2. The City Clerk shall certify to the adoption of the resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this 17th day of December, 2003. Patrick Hunter, Mayor ATTEST: Deborah S. Traffenstedt, City Clerk Attachment: Exhibit A 000279 9 Honorable City Council December 17, 2003 Page 4 Attachment A Resolution No. 2003- EXHIBIT A Budaet Revision A. Fund Allocation: Fund No. Fund Name Amount 2300 Citywide Lighting and Landscape AD (AD 84 -2) $15,000 $12,000 $13,500 2300.7900.7901.9245 B. Budget Appropriation: BUDGET NUMBER BUDGETED REVISION NEW BUDGET 2300.7900.7901.9413 $1,500 $12,000 $13,500 2300.7900.7901.9245 $0 $3,000 $3,000 \� Approved to Form: (�(