HomeMy WebLinkAboutItem 4.05 DBX Budget AdjustmentCITY OF DUBLIN
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: June 13, 1994
SUBJECT: Budget Adjustment Dublin Boulevard Extension
_, CIP Project # 9690 - Property Acquisition (Wohlross)
~'(Prepared by: Paul S. Rankin, Assistant city Mgr)
EXHIBITS ATTACHED: 1. Budget Change Form
RECOMMENDATiON:~;~Au~horizeLt~_M~_~to~~t~t~eB~ Change Form
'V' ana accep~ un~ ~=~ ~ ~ ~ acquisition.
FINANCIAL STATEMENT:
Adopted
1993/94
Fund #220
SB 300 F~l~ds $ 29,425
Estimated
1993/94
Rwpenditures
$ 29,245
Amount of
Proposed
Budget Change.
Fund #221
Dublin B1vd Ext 116,095
163,459
47,364
Fund #300
Cap Impvt Fund -0-
4,340
4,340
Fund #315
DBX Assmt Diet
Construction
TOTAL
13,04!. 2,028
$ 158,561 $ 199,072
-0-
$ 51,704
DESCRIPTION: Final acquisition of one parcel is required to close
out the Dublin Boulevard Extension Project # 9690 (Between Dougherty and
Tract 5900). An analysis of the 1993/94 adopted budget compared to the
estimated expenses identifies the need for a budget adjustment.
As part of the project the City had to acquire various properties. There
is only one eminent domain action remaining. This action involved the
condemnation of property at the corner of Dougherty Road and Dublin
Boulevard. The property is occupied by Miracle Auto Painting and owned by
Wohlross Associates. The City and property owner have reached agreement
over the compensation for the property. The agreement establishes the
amount of $80,000 as just compensation for the property. By statute the
property owner is also entitled to interest in the amount of $3,554.11 and
costs in the amount of $369.99. This results in a total cost paid to the
property owner of $83,924.10. The City's legal counsel will be requesting
a stipulation for Judgment, which will conclude the eminent domain action.
As shown in the Financial section above, the current approved budget for
this project will need to be amended. There are two funds which are
affected. The source of monies within Fund #221 (Dublin Blvd. Extension
Fund) are the proceeds of the BART Loan. The General Fund has temporarily
advanced monies to this fund, until such time as remnant parcels are sold.
As reported at the May 27, 1994 City Council meeting this process is now
underway. Fund {300 reDresents "Contributions from Others" towards Capital
Improvement Projects. In this case the additional Fund #300 appropriation
represents a Traffic Impact Mitigation fee collected on a private
development.
Staff recommends that the City Council authorize the Mayor to execute the
Budget Change and accept the report on the final acquisition.
ITEM NO.
COPIES TO:
CiTY CLERK
CITY OF DUBL]]I
BUDGET CHMIGE FORM
AS PRESENTED TO CITY COUNCIL
JUNE 13, 1994
CHM;GE
new appropriation~XX I. budget transfer
decrease budget account
account t)
!-
name
account
name
account
account
n~me
account
5
name
ac~.ount
n~e
account
nam~
account t[
8 - - $
TOTAL BUDGET lqlCREISES
I I',' budoet change
increase budget accost
I n~ DBX FUND- DUBLIN BLVD EXT PRO3ECT-LAND ACQUISITION
laccount 8
T1 221- 9690 - 750 010 $ 47,364
I ,~me_ CIP FUND- DUBLIN BLVD EXT PROJECT-LAND ACQUISITION
laccount,)[
12 300 - 9690 -750 - 010
TOTAL BUDGET DECREASES
REASONS, JUSTIFICATION, ANDITL~ZED COSTS: AS PRESENTED TO THE CITY COUNCIL ON JUNE 13, 1994
SETTLEMENT HAS BEEN REACHED ON THE FINAL PARCEL TO BE ACQUIRED AS PART OF THE
DUBLIN BLVD. EXTENSION PROJECT. THIS AMENDMENT WILL REFLECT THE ESTIMATED FINAL
COSTS WITHIN THE DBX FUND #221 AND THE CIP FUND #300. SEE ATTACHED STAFF REPORT.
date
signature ,
CIT~ com;cIL __X
signaturePETER W. SNYDER, MAYOR date