HomeMy WebLinkAboutResolutions - No. 2004-47WHEREAS, in the 1998-99 Community Development Block Grant (CDBG) Program
year, the City Council allocated $151,205.00 to the City of Lodi for the Elm Street Parking Lot
Project, which involved the acquisition of three blighted properties on West Elm Street; and
WHEREAS, the acquisition of one of those properties was accomplished through
eminent domain, which involved the City depositing $30,000 with the State Treasury toward the
acquisition cost of the property in question. As that case has now been settled, the City of Lodi
now owes a remaining balance of $20,800.00 to complete the acquisition; and
WHEREAS, subsequent to the acquisition of the properties, the City Council reallocated
an additional $150,000.00 toward the construction of the parking lot. Since the completion of
that project, a balance of $1,950.00 has remained, pending resolution of the eminent domain
action, and
WHEREAS, the Community Improvement Manager has identified the following CDBG
funding from completed projects from which to draw the necessary funds for reallocation as
shown below:
Reallocate From:
Reallocate To:
LOD 9�-07 Elm Street Parkina Lot $ 1.950.00 454508
Balance After Reallocation $22,912-07
WHEREAS, any additional funds allocated during this process will be applied to any
additional costs incurred in completing the acquisition of the property, i.e. recording fees, and
eventually distributed to other projects through future reallocations.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi does
hereby approve reallocating funds in the amount of $20,962.07 to the Elm Street Parking Lot
Project as shown above.
Dated: March 17, 2004
Available Funds
Account No.
LOD 96-05
Eastside Alley Lighting
$
5,000-00
452501
LOD 97-1.1
City Park Improvements ADA
$
1,125.67
453761
LOD 97-1.3
Lodi Lake Beach Feature
$
312.21
463763
LOD 97-1.4
Recreation Office Remodel
$
4,401.07
453764
LOD 97-1.5
Lodi Lake Handicapped Access
$
2,182.88
4,53765
LOD 97-1.6
Blakely Park Improvements
$
1,508.13
453766
LOD 97-1.7
Kofu/ArLno!y Park
1
453767
TOTAL
$20,962.07
Reallocate To:
LOD 9�-07 Elm Street Parkina Lot $ 1.950.00 454508
Balance After Reallocation $22,912-07
WHEREAS, any additional funds allocated during this process will be applied to any
additional costs incurred in completing the acquisition of the property, i.e. recording fees, and
eventually distributed to other projects through future reallocations.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi does
hereby approve reallocating funds in the amount of $20,962.07 to the Elm Street Parking Lot
Project as shown above.
Dated: March 17, 2004
I hereby certify that Resolution No. 2004-47 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held March 17, 2004, by the following vote:
AYES: COUNCIL MEMBERS — Backman, Hitchcock, Howard, Land, and Mayor
Hansen
SUSAN J. BLACKSTON
City Clerk
2004-47