HomeMy WebLinkAboutReso 2013-079 - 3611 Avtech Parkway
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Resolution No. 2013-079
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE 4TH
AMENDMENT TO CITY BUDGET RESOLUTION NO. 2013-061 APPROPRIATING
$10,900,000 FOR THE PURCHASE AND SALES AGREEMENT WITH SHASTA
ENTERPRISES TO ACQUIRE THE OFFICE BUILDING AND ADDITIONAL ACREAGE AT
3611 AVTECHPARKWAYFORFISCAL YEAR 2013-14.
BE IT RESOL VED BY THE CITY COUNCIL OF THE CITY OF REDDING
THAT Budget Resolution No. 2013-061 be and is hereby amended as follows:
FUND
142
DESCRIPTION
Electric Capital Outlay
DECREASE
INCREASE
$10,900,000
DIVISION
859
THAT account titles and numbers requiring adjustments by this Resolution are as follows:
USE
OF FUNDS
SOURCE
OF FUNDS
Decrease Beginning Reserves
142-859-1-0001-01
Beginning Balance
$10,900,000
Increase Expenditures
142-859-4335-01
142-859-4335-02
REU Relocation
REU Building Acquisition
$ 1,300,000
$ 9,600,000
$10,900,000
$10,900,000
THAT the purpose is to appropriate $10,900,000 for the purchase and sales agreement with
Shasta Enterprises to acquire the office building and additional acreage at 3611 Avtech Parkway
for fiscal year 2013-2014.
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 20th day of August, 2013, and was
duly adopted at said meeting by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
McArthur, Sullivan, & Bosetti
Cadd and Jones
None
None
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RICK BOSETTI, Mayor
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FORM APPROVAL:
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