REPORT TO THE CITY COUNCIL
April 4, 2019
FROM: SCOTT MOZIER, P.E., Director
Public Works Department
BY: ROBERT N. ANDERSEN, P.E., Assistant Director
Public Works Department, Facilities Management Division
SUBJECT
...Title
***RESOLUTION - 29th Amendment to the Annual Appropriations Resolution (AAR) No. 2018-157 appropriating $1,600,000 for the LED Retrofit Project in Public Works (Subject to Mayor’s veto) (Requires 5 affirmative votes)
...Body
RECOMMENDATION
Staff recommends that the City Council adopt the 29th Amendment to the Annual Appropriations Resolution (AAR) No. 2018-157 to appropriate $1,600,000 for the LED Retrofit Project in Public Works.
EXECUTIVE SUMMARY
Appropriations for the LED Retrofit project were approved by Council as part of the Annual Appropriation Resolution No. 2018-157. The adopted FY2019 budget assumed the loan repayment would occur as a revenue transfer from the Measure “C” Flexible fund. However, through the approval of the PG&E On-Bill Financing loan and further work with PG&E, it was determined that the loan repayment would occur instead through the PG&E utility bills, requiring that the funds be appropriated for an expenditure to pay the utility bill, rather than for a revenue transfer on a traditional loan. The recommended resolution will make this housekeeping correction in the budget.
BACKGROUND
Staff is seeking Council approval on the attached Resolution to reallocate existing appropriations from the LED Retrofit project to the Public Works Department, Traffic Signal and Street Lights Division for payment of the On-Bill Finance loan portion of the bill. The resolution represents a simple accounting change from a revenue transfer for debt service into appropriations for a utility bill payment in the Traffic Signal and Street Light Division.
ENVIRONMENTAL FINDINGS
By the definition provided in the California Environmental Quality Act Guidelines Section 15378 this item does not qualify as a project as defined by the California Environmental Quality Act.
LOCAL PREFERENCE
Local preference does not apply to the projects included in this report as this is a rebudget item only. Local preference (if applicable) will be considered at the time of contract award.
FISCAL IMPACT
There is no new net fiscal impact to the General Fund. All proposed costs will be paid for from existing revenue sources. See attached Resolution for specific funds and associated costs.
Attachments:
Resolution