HomeMy WebLinkAboutAGENDA REPORT 2007 1107 CC REG ITEM 10R --1 0• R-
City Council Meeti,af.
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ACTION:
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: The Honorable City Council
FROM: Yugal K. Lail, City Engineer/Public Works Director
DATE: October 31, 2007 (CC Meeting of 11-07-07)
SUBJECT: Consider Resolution Amending the Fiscal Year 2007/08 Budget to
Fund Right-of-Way Acquisition Costs for the Princeton Avenue
Widening Project (Project 8012)
DISCUSSION
A. Backclround
The City has been working on right-of-way acquisition efforts required for Project
8012: Princeton Avenue Widening. It is necessary to amend the FY 2007/08 Budget
to fund recent past and future project costs related to these efforts.
B. Fiscal Impact
1. Estimated Project Cost Summary: An estimate of total project costs is as
follows:
Element Total
Design $ 500,000.00
Relocation $ 22,900.00
Right-of-Way $ 1,500,000.00
Construction $ 4,000,000.00
Inspection $ 200,000.00
Estimated Total $ 6,222,900.00
S:\Public Works\Everyone\Staff Reports\2007\November\Princeton Widen Budget&Reso.doc 000266
Honorable City Council
November 7, 2007
Page 2
2. FY 07108 Budget: A re-cap of the FY 2007/08 Budget for this project is as
follows:
Prior Current
Years FY 07/08 Total
Description Expenses ($) Budget($) Appropriations($)
Design 257,738 136,509 394,247
Relocation 22,900 (22,900) 0
Right-of-Way 846,611 (2,711) 843,900
Construction 0 0 0
Inspection 0 0 0
Total 1,127,249 110,898 1,238,147
3. Budget Amendment: Attached is a Resolution (Attachment 1) amending the
FY 2007/08 Budget to fund past and estimated future right-of-way costs for this
project. That Resolution is summarized as follows:
Current Proposed Revised
FY 07/08 Proposed FY 07/08
Description Budget($) Change ($) Budget($)
Design 136,509 0 136,509
Relocation (22,900) 22,900
Right-of-Way (2,711) 677,100 674,389
Construction 0 0 0
Inspection 0 0 0
Total 110,898 700,000 810,898
4. Total Revised Appropriations: If the attached Resolution is adopted, the total
appropriations to date for this project will be as follows:
Prior Current
Years FY 07/08 Total
Description Expenses ($) Budget($) Appropriations($)
Design 257,738 136,509 394,247
Relocation 22,900 0
Right-of-Way 846,611 674,389 1,521,000
Construction 0 0 0
Inspection 0 0 0
Total 1,127,249 810,898 1,915,247
5. Funding Source: The funding source for this project is Fund 2501: Los
Angeles Ave. AOC Fund.
STAFF RECOMMENDATION (ROLL CALL VOTE)
Adopt Resolution No. 2007- amending the FY 2007/08 Budget for Project 8012.
Attachment:
1 Resolution
SAPublic Works\Everyone\Staff Reports\200ANovember\Princeton Widen Budget&Reso.doc ¢ ►�
ATTACHMENT 1
RESOLUTION NO. 2007-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2007/08 BUDGET TO APPROPRIATE ADDITIONAL FUNDS
FOR PROJECT 8012: PRINCETON AVENUE WIDENING
PROJECT [L. A. AVE. AOC FUND (FUND 2501)]
WHEREAS, on June 20, 2007, the City Council adopted the Budget for Fiscal
Year 2007/08; and
WHEREAS, a staff report has been presented to the City Council requesting
budget adjustments in the aggregate amount of$700,000; and
WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said
budget amendments and their resultant impacts to the budget line item(s).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That a Budget amendment in the aggregate increase of $700,000,
as more particularly described in Exhibit "A", is hereby approved.
SECTION 2. The City Clerk shall certify to the adoption of this resolution and
shall cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 7"' day of November 2007.
Patrick Hunter, Mayor
ATTEST:
Deborah S. Traffenstedt, City Clerk
Attachment: Exhibit "A"— Budget Amendment Detail
SAPublic Works\Everyone\Staff Reports\200TNovember\Princeton Widen Budget&Reso.doc r,002 CI S
Resolution No. 2007-
EXHIBIT "A"
BUDGET AMENDMENT FOR
Project 8012: Princeton Avenue Widening Project
FY 2007-2008
FUND ALLOCATION FROM:
Fund Account Number Amount
Los Angeles Ave. AOC 2501-5500 $ 700,000.00
Total $ 700,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number Current Budget Revision Amended Budget
2001-8310-8012-9601: Design $136,509 $ - $ 136,509.00
2001-8310-8012-9609: Relocation $22,900 $ 22,900.00 $ -
2001-8310-8012-9610: Right-of-Way $2,711 $ 677,100.00 $ 674,389.00
Total $110,898 $700,000 $810,898
Approved as to Form: v
SAPublic Works\Everyone\Staff Reports\200ANovember\Princeton Widen Budget Exhibit A 000269