HomeMy WebLinkAboutReso 20-20 appropriation of community benefit moneyRESOLUTION NO. 20-20
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORRO BAY, CALIFORNIA,
APPROVING AMENDMENTS TO THE CITY'S FISCAL YEAR 19/20 BUDGET
TO APPROPRIATE COMMUNITY BENEFIT FUNDS TOTALING $250,000 TO FUND
REHABILITATION AND REPAIRS AT THE SOUTH T-PIER AND NORTH T-PIER
THE CITY COUNCIL
City of Morro Bay, California
WHEREAS, in November 2018 the City received $250,000 in community benefit money from
Castle Wind, LLC in exchange for the City's commitment to an exclusive arrangement with Castle
Wind, LLC; and
WHEREAS, the City has identified needed rehabilitation and repairs of the North and South
T-Piers and recommends that the community benefit funds be appropriated to complete the
rehabilitation and repairs needed at these two sites.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay,
California,
1. Up to $200,000 from the Community Benefit Fund be transferred to the South T-Pier
capital project to fund rehabilitation of the Pier; and
2. Up to $50,000 from the Community Benefit Fund be transferred to the North T-Pier
capital project to fund repairs on the Pier.
PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular meeting
thereof held on the 25th day of February 2020, by the following vote:
AYES' Headding, Addis, Davis, Heller, McPherson
NOES. None
ABSENT: None
ATTEST:
DANA SWANSON, City Clerk