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Title:
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Approval of a Budget Amendment for Residential Paving Program, P-863.
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City of Culver City, California
Agenda Item Report
Meeting Date: 08/23/10 Item Number: C-3
CITY COUNCIL AGENDA ITEM: Approval of a Budget Amendment for Residential
Paving Program, P-863
Contact Person/Dept.: Mate Gaspar/PW Phone Number: (310) 253-5602
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [] Attachments: []
Commission Action Required: Yes [] No [X] Date: _______________
Public Notification: (Email) Agenda and Meetings – City Council (08/18/10)
Department Approval:
Charles D. Herbertson (M. Gaspar)
08/16/10)
City Attorney Approval:
Carol Schwab (by H. Baker) (08/18/10)
Chief Financial Officer Approval:
Jeff Muir (by N. Kimball) (08/18/10)
City Manager Approval:
John M. Nachbar (08/18/10)
RECOMMENDATION:
Staff recommends the City Council approve a budget amendment to allocate
$599,306 in Measure R funds to the Residential Paving Program, P-863.
A budget amendment requires a four-fifths vote.
BACKGROUND:
Measure R, a 1/2 cent local sales tax approved by Los Angeles County voters in
November 2008, is funding new transportation projects and programs.
DISCUSSION:
Staff is requesting that the City Council appropriate Measure R Funds in the amount
of $599,306. This action will enable staff to advertise for construction bids on a
larger, approximately $2 million, Residential Paving Program project in September
2010. With a larger budget, the competition amongst contractors will likely increase
and result in lower bid amounts than estimated. With a lower bid, additional
residential streets can be resurfaced in the project.
FISCAL ANALYSIS:
There are $258,411 of Measure R funds that have already been received by the City
for FY 2009-10. The Los Angeles County Metropolitan Transportation Authority
(Metro) estimates that Culver City will receive $340,895 in FY 2010-11 for a total of
$599,306 in Measure R funds over the two fiscal years. If invoices due exceed the City of Culver City, California
Agenda Item Report
amount of Measure R Funds that have been received at any given time, General
Fund reserves will be used to temporarily fill the gap. This is only to rectify a
potential cash flow timing issue. By the end of this fiscal year, all Measure R funds
will have been received and any General Funds that may have been used to cover a
temporary cash shortage will be reimbursed.
MOTION:
That the City Council:
Approve a budget amendment appropriating Measure R Funds in the amount of
$599,306 in account number 43100863 (Residential Overlay Program, P-863).
A 4/5
th
vote is required to approve the budget amendment.