HomeMy WebLinkAbout1993-05-25 - AGENDA REPORTS - ROAD WIDENING PROJECT (2)AGENDA REPORT
CONSENT CALENDAR
DATE: May 25, 1993
City Manag
Item to be
`' M4I Anthony J. Nislch/xb-�
SUBJECT: PUBLIC FINANCING ACT APPROPRIATION FOR THE SOLEDAD CANYON
ROAD WIDENING PROJECT
DEPARTMENT: Community Development
BACKGROUND
The Public Financing Act Fund. includes an allocation of $5.1M for the Soledad Canyon Road
Widening Project (Project #28-95004-227). To date, $4.5M has been appropriated.to the project
account, leaving a PFA fund balance of $600,000. It Is necessary at this time to appropriate the
remaining funds to complete the project.
Staff recommends that the City Council authorize the transfer and appropriate the remaining
$600,000 from the PFA Fund balance (28 Fund) to the Project Expenditure Account
No. 28-95004-227.
APPROVED
TBT:hds
ca cftubec.VA
Agenda Item: