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<br />10/09/2006 <br /> <br />RESOLUTION NO. 14741 <br /> <br />RESOLUTION ESTABLISHING AN APPROPRIATION REPRESENTING <br />ANTICIPATED GRANT REVENUE FROM THE 2002 RESOURCES <br />BOND ACT GRANT AND ADDING ANTICIPATED GRANT REVENUE <br />INTO THE CAPITAL IMPROVEMENT PROGRAM BUDGET FOR <br />APPROPRIATION <br /> <br />WHEREAS, THE City Council of Redwood City adopted Resolution No. 14721 <br />approving its Fiscal Year 2006-2007 budget; and <br />WHEREAS, the Community Development Services Department is requesting <br />additional funding in the amount of Five Hundred Forty Two Thousand Six Hundred Ten <br />and No/100 Dollars ($542,610.00) for the inclusion of the 2002 Resource Bond grant <br />funds into the City's Capital Improvement Budget; and <br />WHEREAS, the State of California Department of Park and Recreation has <br />authorized the City to proceed with expenditures of the 2002 Resources Bond Act Grant <br />in the same amount; and <br />WHEREAS, the City Council awarded a construction contract on June 9, 2006, to <br />expend portions of these funds. <br />NOW, THEREFORE BE IT RESOLVED BY THE COUNCil OF THE CITY OF <br />REDWOOD CITY, AS FOllOWS: <br />1. The Finance Director shall establish an appropriation in the amount of <br />$542,610 representing anticipated grant revenue and shall include said anticipated <br />revenue in the Capital Improvement Projects fund. <br />2. The following stated amount is hereby added as an anticipated grant <br />revenue into the Capital Improvement Program budget for appropriation as follows: <br />Amount Account Number <br /> <br />$542,610.00 <br /> <br />357 -73943 <br /> <br />A TTY IRESO/RESO .1655 <br />100306 <br /> <br />14741 <br />formerly muff # 501 <br /> <br />1 <br />