HomeMy WebLinkAbout2002-01-15; City Council; Resolution 2002-029EXHIBIT 1
RESOLUTION NO. 2002-029
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, APPROVING THE TRANSFER OF FUNDS FROM THE CITY
COUNCIL CONTINGENCY ACCOUNT TO OFFSET MAINTENANCE
EXPENDITURES AT THE FARMERS INSURANCE PROPERTY.
WHEREAS, the City acquired ownership of the Farmers Insurance Property located at
5815 El Camino Real and 2351 Faraday Avenue; and
9 WHEREAS, the City agreed to lease back the property to the Farmers Insurance
10 Company for a period of one year; and
11 WHEREAS, a stipulation of the agreement requires the City to maintain the exterior part
12 of the property; and
13 WHEREAS, funding for maintenance expenditures at this property was not budgeted in
14 the Fiscal-Year 2001-02 Budget; and
15 WHEREAS, additional funding is needed to ensure maintenance expenditures at the
16 Farmers Insurance Property does not financially impact the Parks Maintenance Budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, 17
1. That the above recitations are true and correct. 19
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2. That $37,300 be transferred from the City Council Contingency Account to the Parks
Maintenance Budget to offset maintenance expenditures at said property.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council
held on the =day of JANUARY , 2002 by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Finnila, Nygaard, Hall
NOES: None
ABSENT: Non
CLAUDE A. LEWk, Mayor
(SEAL)