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CC Resolution 1995-032 CIP Program 1995-96^#H[ IL RESOLUTION NO.95-32 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA APPROVING THE FISCAL YEAR 1995-96 CAPITAL IMPROVEMENT PROGRAM WHEREAS, the Capital Improvement Program CIP) is a five 5) year planning instrument used by the City to identit* capital improvements needs and to coordinate financing and timing of those needs in a manner that maximizes the return to the public; and WHEREAS, the CIP is a statement of the City1s goals, objectives and priorities for a five 5) year Capital Improvement Program and the financial commitments required to accomplish those objectives; and WHEREAS, the Fiscal Year 1995-96 CIP proposes approximately $9,704,551 in improvement projects and $21,591,900 of unflinded, deferred improvement projects over the five 5) year period, commencing on July 1, 1995 and ending June 30, 2000; and WHEREAS the first year of the CIP, called the capital budget, proposed $2,336,429 in improvements, as shown in Exhibit 1, heretofore made a part of this Resolution. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of La Quinta, does hereby approve the capital budget, including the appropriation of flinds, as shown in Exhibit 1, heretofore made a part of this Resolution; and BE IT FURTHER RESOLVED that the City Council of the City of La Quinta authorizes the inclusion of said capital budget into the Fiscal Year * 995-96 operating budget, which appropriates flinds for specific facilities, equipment and improvements. PASSED, APPROVED AND ADOPTED this 16th day of May, 1995 by the following vote: AYES: Council Members Bangerter, Cathcart, Perkins, Smif, Mayor Pena NOES: None ABSTAIN: None ABSENT: None JOHN Ji<M*r** City of La Quinta, California BIB] 08-19-1998-U01 02:30:42PM-U01 ADMIN-U01 CCRES-U02 95-U02 32-U02 ^#H[ I * * U,* RESOLUTION NO 95-32 PAGE 2 A TEST LA City of La Quinta, California APPROVED AS TO FORM: DAWN C. HONEY*LL, City Attorney City of La Quinta, California BIB] 08-19-1998-U01 02:30:42PM-U01 ADMIN-U01 CCRES-U02 95-U02 32-U02