HomeMy WebLinkAbout12/15/1999 - STAFF REPORTS (3) DATE: DECEMBER 15, 1999
TO: COMMUNITY REDEVELOPMENT AGENCY
FROM: DIRECTOR OF MANAGEMENT&BUDGET
APPROPRIATION OF $20,656 FROM THE COMMUNITY REDEVELOPMENT AGENCY
FUND BALANCE (CBD PROTECT AREA) FOR THE CONSTRUCTION OF SOUTH PALM
CANYON DRIVE SIDEWALK IMPROVIIMN!NT'S RELATED TO THE CONSTRUCTION OF
PLAZA MERCADO
RECOA04ENDATTON:
That the Community Redevelopment Agency appropriate$20,656 from the Fund Balance of
the Central Business District project area to reimburse Wessman Development for the
construction of sidewalk improvements on South Palm Canyon Drive along the frontage of
Plaza Mercado, in the amount of$30,236, per the amended Disposition and Development
Agreement("DDA-)approved November 5, 1997.
BACKGROUND:
This item is to be considered concurrently with the City Council item authorizing the
reimbursement to Wessman Development for the construction of the Plaza Mercado parking
lot and the Heritage Trail upgrades. The full staff report outlining all of the costs is included
with that item.
J S RAYMOND j °=O �'.D
of &Budget
APPROVED:
Executive Director
ATTACHMENTS:
1. Budget Resolution
RESOLUTION NO. logo
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1999-00 FISCAL YEAR.
WHEREAS Resolution 1066 approving the budget for the fiscal year
1999-00 was adopted on June 9, 1999; and
WHEREAS the Executive Director has recommended, and the Agency
desires to approve, certain amendments to said budget;
NOW THEREFORE BE IT RESOLVED that the Director of Finance is
authorized to record inter-fund cash transfers as required in
accordance with this Resolution, and that Resolution 1066, adopting
the budget for the 1999-00 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No.
801 8181 65115
$20,656
Title:
Central Business Central Business Landscaping/Street
District District Furnishing
Purpose: To provide funds for payment for sidevalk• improvements
related to Plaza Mercado construction.
SECTION 2. SOURCE
FUND Activity Account Amount
No. 801
29301 $20,656
Title:
Central Business Fund Balance -
District
Adopted this 15th day of December 1999.
AYES: Members Hodges, Jones, Oden, Reller-Spurgin
NOES: Mayor Kleindienst
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS
By
Ass stant Secretary Chairman
REVIEWED AND APPROVED AS TO FORM
C/?a -C-Z