RESOLUTION NO. -2024
RESOLUTION OF THE FORT BRAGG CITY COUNCIL APPROVING BUDGET AMENDMENT 2024/25-1 FOR THE FACILITIES SOLAR PROJECT AND AMENDING FISCAL YEAR 2024-25 BUDGET (AMOUNT NOT TO EXCEED $7,955,000) WHEREAS, on June 10, 2024, by City Council resolution no. 4803-2024 authorized the City Manager to execute an energy services agreement with Syserco Energy Solutions for the completion of the design and installation of solar PV for $7,501,224; and WHEREAS, on July 22, 2024, by City Council resolution no. 4831-2024 authorized the execution and delivery of an equipment lease/purchase agreement and escrow agreement with Bank of America in the amount of $7,955,000, and sufficient funds are available for this project; and WHEREAS, project funding was unidentified in the capital improvement program when the fiscal year 2024-25 budget was adopted; and WHEREAS, Budget Amendment 2024/25-1 is needed to move funds to the current fiscal year to process the purchase orders for executed contracts; and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Fort Bragg does hereby amend the previously adopted FY 2024-25 Budget to incorporate the changes enumerated in Exhibit A and does hereby authorize the City Manager to execute the Amendment.
The above and foregoing Resolution was introduced by Councilmember , seconded by Councilmember , and passed and adopted at a regular meeting of the City Council of the City of Fort Bragg held on the 9th day of September 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
RECUSED:
BERNIE NORVELL
Mayor
ATTEST:
Diana Sanchez
City Clerk
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