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HomeMy WebLinkAboutReso 2017-010 - Waldon Substation RESOLUTION NO. 2017-010 A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE 66th AMENDMENT TO CITY BUDGET RESOLUTION NO. 2015-057 APPROPRIATING $1,952,000 TO PROVIDE PARTIAL FUNDING FOR THE MODERNIZATION OF THE WALDON SUBSTATION FOR FISCAL YEAR 2016-17 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING THAT Budget Resolution No. 2015-057 be and is hereby amended as follows: FUND DIVISION DESCRIPTION INCREASE DECREASE 142 859 Modernize Waldon Substation $1,952,000 THAT account titles and numbers requiring adjustments by this Resolution are as follows: USE SOURCE OF FUNDS OF FUNDS Decrease Expenditure 142-859-3100-01 Land Acquisition $ 25,000 142-859-3200-01 Station Equipment $ 752,000 142-859-3340-01 Overhead Conductors $ 50,000 142-859-3440-01 Underground Conductors $ 500,000 142-859-3500-01 Transformers $ 500,000 142-859-3600-01 Meters $ 75,000 142-859-3930-01 New Extensions $ 50,000 Increase Expenditures 142-859-4207-40 Modernize Waldon Substation $ 1,952,000 Total $ 1,952,000 $ 1,952,000 THAT the purpose is to appropriate $1,952,000 for partial funding of the Modernization of the Waldon Substation for fiscal year 2016-2017. I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular meeting of the City Council of the City of Redding on the 7th day of February, 2017, and was duly adopted at said meeting by the following vote: AYES: COUNCIL MEMBERS: McElvain, Schreder, Sullivan,Winter, & Weaver NOES: COUNCIL MEMBERS: None Q) ABSENT: COUNCIL MEMBERS: None G ABSTAIN: COUNCIL MEMBERS: None BRENT WEAVER, Mayor C ATTEST. FORM APPROVAL: C (--.1- t/Y14,tq PAMELA MIZE, City Cler BARRY . eWALT, City Attorney