HomeMy WebLinkAboutReso 34-15RESOLUTION NO.34-15
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORRO BAY, CALIFORNIA,
ESTABLISHING A STRATEGIC INVESTMENT SPENDING PLAN
THE CITY COUNCIL
City of Morro Bay, California
WHEREAS, on May 20, 2015 at the Budget Workshop, the City Council of the City of
Morro Bay was presented with the Proposed Budget for the Fiscal Year 2015/16; and
WHEREAS, in the Budget Workshop presentation, the City Council was shown a
Strategic Investment Spending Plan, the intent of which is for prioritized spending of one-time
monies, the details of which are attached to this Resolution; and
WHEREAS, the City Council desires to establish the practice of spending one-time and
surplus monies on strategically -identified projects in the areas of risk reduction, economic
development, City planning and City operations; and
WHEREAS, this Resolution ratifies and establishes the City's Strategic Investment
Spending Plan for future use of one-time and surplus monies; and
WHEREAS, for the Fiscal Year 2015/16, surplus funds have been identified in the Risk
Management Internal Service Fund, which are not committed or assigned for insurance purposes,
per the definitions contained in Resolution No. 32-15; and
WHEREAS, these surplus funds are targeted for the elements of the Strategic Investment
Spending Plan, attached to this Resolution:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro
Bay, California:
1. The Strategic Investment Spending Plan (Plan), a copy of which is attached to
this Resolution, is adopted; and
2. The Plan is the City's official priority list for spending one-time and surplus
funds; and
3. The Plan will, at minimum, be presented to the City Council, for revision, on an
annual basis; and
4. The Fiscal Year 2015/16 priority list, contained in this Resolution, is authorized
and shall remain in effect unless modified or rescinded by the City Council.
Resolution No. 34-15
Page 2
PASSED AND ADOPTED, by the City Council of the City of Morro Bay, at a regular
meeting thereof held on the 9t' day of June, 2015, by the following vote:
AYES:
Irons, Headding, Johnson, Makowetski, Smukler
NOES:
None
ABSENT:
None
ATTEST:
an�.S��
!ASWANSON, City Clerk
JAMt L. IRONS, M yor
Resolution No. 34-15
Page 3
Strategic Investment Spending Plan
(With Approximate Dollar Amount)
1. Americans with Disabilities Act (ADA) compliance - $100,000
2. Land Use Plans for the General Plan and Local Coastal Plan - $300,000
3. Morro Bay Economic Development Strategic Plan - $75,000
4. Information Technology Program - $100,000
5. Web -Based Planning, Permitting and Licensing Software - $85,000
6. High -Speed Fiber Investment - $150,000
7. Additional Projects approved by City Council - TBD