HomeMy WebLinkAboutAgenda Report - September 2, 1992 (67)OF
CITY OF LODI
COUNCIL C0MNWJNM7M
AGENDA TITLE: Appropriate Funds for Lease of Beckman Building,
212 W. Pine Street
MEETING DATE: September 2, 1992
PREPARED BY: Assistant City Manager
RECOMMENDED ACTION: The City Council appropriate $59,910 to account
10-351.01-321, City Building Maintenance, Rent of
Buildings, to pay for the lease of the Beckman
Building. Council also authorize the transfer of
$59,900 from account 121.0-350.61 to the General Fund
to fund this appropriation.
BACKGROUND INFORMATION: The City Council has authorized the City Manager to
sign a lease agreement with Marlow Stark to lease the
Beckman Building, 212 W. Pine St., for a cost of
$4,992.40 per month.
No funds have been appropriated for this lease. The lease agreement has been
signed and the first year's rent has been paid in the amount of $59,908.80.
Therefore we must appropriate funds for this purpose.
The City has appropriated funds for the expansion and remodel of the City Hall
complex. The lease of the Beckman Building is in lieu of purchase. Therefore
it seems apropriate to use' those funds for this purpose.
For consistency of our accounting records we should not show lease payments
being made from Capital Funds. Therefore we are recommending that the lease
payments be appropriated in the operating account of City Buildings and the
funding be transferred from Capital Funds to the General Fund.
FUNDING: Capital Outlay Fund 121.0
Respectfully submitted,
'Jerry L. Glenn
Assistant City Manage..
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APPROVED. ( --- ____.---------_-_._-- i
THOMAS A. PETERSON rncrcMA nwr�
City Manngor
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CITY OF LODI
SPECIAL ALLOCATION REQUEST
TO,: Finance Director DATE: September 3, 1992
FROM: City Clerk PROJECT NUMBER: i0 - as/. c / r 3RD
Request is made for funds to accomplish the following project which was not
included in the current budget:
Appropriation of $59,910 to account 10-351.01 - 321, City
Building Maintenance, Rent of Buildings, to pay for the lease
of the Beckman Building, 212 West Pine Street, Lodi. • $59,900
Further, the City Council also authorized the transfer of $59,900 from
account 121.0-350-61 to the General Fund to fund this appropriation.
(If you need more space, use additional sheet and attach to this form)
Date of Approval - September 2, 1992 Amount Approved - $59,900
Council XXXXX City Manager
FUND OR ACCOUNT TO BE CHARGED
Current Budget $ Prior Year Reserve $
Contingent Fund $ General Fund Surplus $
Capital Outlay Reserve $ Gas Tax Fund $
Utility Outlay Reserve $
Hotel/Motel Tax Reserve - $
Other (Election) $ 3$0. (*/-,500
General ;Fund ating F serve $
�1 Alice M. Reimche
Dixon
Finance Director City Clerk
Submit this form in duplicate to the Finance Director. Distribution after
approval will be as follows: 1) Originating Department 2) Finance
Department