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Resolution 15966CITY OF ALAMEDA RESOLUTION NO. 15966 AMENDING THE FISCAL YEAR 2022-23 BUDGET AUTHORIZING AN APPROPRIATION OF $7,500,000 UNASSIGNED RESIDUAL GENERAL FUND BALANCE TO CAPITAL IMPROVEMENT PROJECT C55800 (EMMA HOOD POOL REPAIRS), AND INCREASING AUTHORIZED EXPENDITURES IN SAID PROJECT BY $7,500,000 WHEREAS, on June 21, 2022, the City Council did adopt a budget representing the financial plan for conducting the affairs of the City of Alameda for the Fiscal Year (FY) beginning July 1, 2022 and ending June 30, 2023; and WHEREAS, the Alameda County Department of Environmental Health determined that the Emma Hood Swim Center at Alameda High School is to be closed in December 2023 unless significant improvements are constructed to bring the facility up to current code requirements; and WHEREAS, the Alameda Unified School District (AUSD) successfully passed a bond measure in June 2022 that includes funding up to 50% of the cost to rebuild the Emma Hood Swim Center with a public or private partner to fund the remaining 50% for a total project cost not to exceed $15,000,000; and WHEREAS, as reflected in the City of Alameda's Annual Comprehensive Financial Report for FY 2020-21, the City of Alameda had $39,398,538 of Residual General Fund Balance available, and WHEREAS, on June 21, 2022, the City Council directed staff to set aside for up to $7,500,000 of Unassigned Residual General Fund Balance to fund the remaining 50% of the construction costs to rebuild the Emma Hood Swim Center; and WHEREAS, as of June 30, 2021, as reflected in the City of Alameda's Annual Comprehensive Financial Report, the City of Alameda had $39,398,538 of Residual General Fund Balance available, and WHEREAS, the Joint Use Agreement with AUSD for operation and maintenance of the AUSD swimming pools includes an Addendum regarding the Renovation of the Emma Hood Swim Center that stipulates AUSD shall bill the City for $2,500,000 each time the project reaches $5,000,000 in expenditures for a total of up to three reimbursements not to exceed $7,500,000; and WHEREAS, the Joint Use Agreement Addendum provides that the City and AUSD will enter into a new Joint Use Agreement regarding the uses and scheduling of the Emma Hood Swim Center facility once constructed, however all terms of the Joint Use Agreement remain in effect through the term ending June 30, 2027 until a new Agreement is adopted; and WHEREAS, staff is proposing that the Capital Improvement Project Fund C55800 (Emma Hood Pool Repairs) be increased by $7,500,000 for FY 2022-23 and is appropriated from Unassigned Residual General Fund balance; and WHEREAS, the Council has considered the report and recommendations of the City Manager on the budget amendments and has determined that the budget amendments are both fair and appropriate; and WHEREAS, this budget ensures that the City of Alameda has exercised prudent judgment in its fiduciary responsibility as guardian of the public tax dollars. NOW, THEREFORE, BE IT RESOLVED that the Council of the City of Alameda amends the Fiscal Year 2022-23 Budget, authorizing an appropriation of $7,500,000 from Unassigned Residual General Fund balance to Capital Improvement Project C55880 (Emma Hood Pool Repairs), and increasing authorized expenditures in said project by $7,500,000. I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 20th day of September 2022 by the following vote to wit: AYES: Councilmembers Daysog, Knox White, Vella and Mayor Ezzy Ashcraft — 4. NOES: Councilmember Herrera Spencer - 1. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the seal of said City this 21st day of September 2022. Lara Weisiger, City Clerk City of Alameda APPROVED AS TO. FORM: Yi City ► ameda City Attorney