HomeMy WebLinkAboutReso. 2025-083 - Appropriating $550,000 for Stillwater Business Park Infrastructure SO�.,UTIOl�i �IQ. 2025-083
A RESOLUTIt�t�T OF THE CITY Cl`�UNCIL (JF' THE CITY QF REDDING
APPROVIN� AND AD�PTING THE 13TH ENDMENT T+D CITY BUDGET
SOLI7TI01�T NO. 2025-049 APPRQPRIATING �5�0,000 FC)R STIL�.WATER
BUSINE�S P RASTRUCTURE �ND T NSFER OF PROPERTY
PROCEEDS FROI�d CAPITAL PR+DJEGTS GENEI2AL FUND TO �ENEI2AL FiTI�TD
FOR FrscaL Y��R�o�s-��
�E IT RESOL T�EU B'Y THE C17'Y�'+O UN+CIL d�F THE CI�Y t��'REDI)�NG
THAT Budget Resolutian No. 2025-049 be and is hereby amend�d as follows.
FUNI? DIVISION DESCRIPTION INCREASE DECREASE
151 1691 Traffic Impact Fees $550,000
THAT account titles and numbers requiring ac�justments by this Resolut3on are as follows:
USE SaURCE
OF FUNDS OF FUNDS
Decrease(Increase)Fund Balance >
103-1095-2910000-�000� Capital Prfljects General Fund $ 493,�90
101-1099-2910000-Q0000 General Fund $ (2,890�(l00)
151-1691-2910000�04000 Developinent/Construction Fund $ SSO,U00
Increase(Decrease)Revenue
103-1095-3581450-00000 Tl•ansfer to Genet•ai Fund Non Departtnental $ (2,890,000}
103-1095-3741003-0040d Sale of City Property $ 2,396,216
101-1099-3572200-00040 Transfer�rom Capitai Projeet General Fund $ 2,890,04�
Increase Expenditures
151-1691-7700002�00400 Infrasteucture $ SSQ,000
7'otal $ 550,000 $ 550,OQ�
THAT the purpose is to appropriate $550,000 for Stillwater Business Park Infrastructure and
transfer c�f property proceeds fram Capital Prc�jects �'reneral Fund to General Fund fc�r fiscal year
2025-26.
I HE B�' CERTIFY that the foregoing resolution was intraduced at a regular meeting c�f the
City Council of the City of Redding on t�e 7th day c�f October, 20�5, and was duly adopted at
said rneeting by the following vot�:
AY�S: COUNCIL ME ERS: ��U�et�Cy�11`e�IIIHH`ttg LItC�AUy Resner,and Munns
NOES. �OUNCIL ME ERS. -None
ABSENT. C+OUl�TCIL ME EI2S: -None
ABSTAIN: CCIITNCIL ME ERS; -Nane
JCACK M a�or
ATTEST; . FCi APPROVAL:
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��SHA ENE TIPTCIN, �ity Clerk CH STIAN M. CURTIS; City Attorney