Resolution 16218 CITY OF ALAMEDA RESOLUTION NO. 16218
APPROPRIATING $2,000,000 FROM THE ALAMEDA POINT FUND
(FUND 290) AVAILABLE FUND BALANCE TO ALAMEDA CAPITAL
PROJECT FUND (FUND 301) PROJECT #C75400, ALAMEDA POINT
FISCAL YEAR 2024-25 CAPITAL IMPROVEMENT BUDGET
WHEREAS, on June 18, 2024, the City Council did adopt a budget representing
the financial plan for conducting the affairs of the City of Alameda for the Fiscal Year
beginning July 1, 2024 and ending June 30,2025; and
WHEREAS, on September 27, 2024, the City's Chief Building Official posted a
Declaration of Unsafe Building and Notice to Vacate the building located at 2450 Saratoga
Street, also known as Building 114, as well as an Investigation Inspection Report requiring
the City to obtain permits to demolish the portions of the building compromised beyond
repair within 60 days; and
WHEREAS, a licensed structural engineer has further determined most of Building
114 is compromised beyond repair; and
WHEREAS, City staff have entered into an emergency Construction Agreement
with Silverado Construction, Inc. for the demolition and abatement work needed to comply
with the Chief Building Official's Investigation Inspection Report; 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 by the Council of the City of Alameda
amends the Fiscal Year 2024-2025 Alameda Point Operating and Capital Budgets
appropriating $2,000,000 from Alameda Point Fund (Fund 290) available fund balance to
Alameda Point Capital Project Fund (Fund 301) Project C754000.
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 1 9th day of November 2024, by the following vote to wit:
AYES: Councilmembers Daysog, Jensen, Vella and Mayor Ezzy
Ashcraft—4.
NOES: None.
ABSENT: Councilmember Herrera Spencer— 1.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the seal of
said City this 20th day of November 2024.
/ - _��
Lara Weisiger, City lerk
City of Alameda
APPROVED AS TO FORM:
Yibin , Ci ttorney
City lameda