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RES 2013-066CITY COUNCIL OF SOUTH LAKE TAHOE RESOLUTION NO. 2013 -66 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH LAKE TAHOE AUTHORIZING THE PURCHASE OF 1708 SHOP STREET AND AMENDING FY 2013/2014 FISCAL YEAR BUDGET APPROPRIATING $396,017.50 FROM GENERAL FUND UNASSIGNED EXCESS RESERVES FOR PURCHASE WHEREAS, the City Council recognizes the need to invest in new and improved recreational opportunities for its local and tourist community partners in an effort to create additional revenue streams and support its primary recreational industry; and WHEREAS, the City's Public Works Corporation Yard (Streets Division) is currently located in the very heart of the project known as the "56 Acre Project," which envisions improved campground facilities, new recreational amenities, new and improved library, community center and senior center and if completed, would require relocation of the Corp Yard; and WHEREAS, adjacent parcels, 1708 Shop Street and 1740 D Street, located in the Industrial area of the City became available for purchase and were identified as a good place to relocate the Corp Yard; and WHEREAS, on this date, the City Council authorized the purchase of 1708 Shop Street for the future relocation of its Public Works Corporation Yard (Streets Division); and WHEREAS, the FY 2012/2013 budget does not include funds for this expenditure, it requires an appropriation of funds from General Fund Unassigned Excess Reserves. NOW, THEREFORE BE IT RESOLVED, the City Council for the City of South Lake Tahoe hereby authorizes the appropriation of $396,017.50 from available General Fund unassigned excess reserves and amends the FY 2013/2014 budget as follows: Increase Appropriation Account Number: 100 - 03710 -46010 $396,017.50 PASSED AND ADOPTED by the City Council of the City of South Lake Tahoe on October 1, 2013 by the following vote: AYES: Councilmember(s) DAVIS;, COLE, CONNER, LATNE & SWANSON NOES: Councilmember(s) ABSENT: Councilmember(s) ABSTAIN: Councilmember(s) ATTEST san Alessi, City Clerk Tom Davis, 65 C,