Laserfiche WebLink
Form#: B-52 <br /> 7/18/91 <br /> DEPARTMENT OF FINANCE <br /> REQUEST FOR COUNCIL ACTION <br /> DEPARTMENT: Planning DATE: February 6, 2013 <br /> STAFF CONTACT: Joaquin Gamiao PHONE: 961-8174 <br /> A. REQUEST: <br /> Transfer$700,000 from Geothermal Relocation and Community Benefit Fund balance to Geothermal <br /> Relo/Comm fiscal budget for 2012-13. <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): <br /> Funds are needed to address the multiple relocation requests that are being processed under the authority <br /> and procedures setforth by Ordinance No. 96-2 and Rule No. 10 of the Planning Commission Rules of <br /> Practice and Procedure regarding Geothermal Relocation Program . At present there are twenty-three (23) <br /> requests for relocation. Relocation cost estimates for the individual affected properties were based on 130% <br /> of the appraised value with an cumulative cost estimate of$5,276,000. Funds within the Geothermal <br /> Relocation/Community Benefit Fund are not sufficient to cover the purchase of all 23 affected properties. As <br /> the Geothermal Relocation/Community Benefit Fund are replentished, the department will be able to process <br /> these requests in date order they were submitted. This request for the transfer of funds to the Geothermal <br /> Relocation/Community Benefit Fund are needed to meet the first few relocation requests that will be <br /> processed in the present fiscal year. <br /> SIGNED: /( N DATE: FEB - 6 2013 <br /> Department Head <br />