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RESOLUTION 2015 -060 <br />RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS <br />TO RELEASE BUDGET FUNDS FOR FY 2015/16 CAPITAL IMPROVEMENT <br />PROGRAM PROJECT 831 -3407: BLOSSOM HILL PARK — LITTLE LEAGUE <br />BACKSTOP <br />WHEREAS, Section 2.30.295(b) of the Los Gatos Town Code requires the Town <br />Manager to annually prepare and submit a budget to the Town Council and be responsible for its <br />administration; and <br />WHEREAS, the Town Manager submitted a proposed budget for the FY 2015/16 to <br />the Town Council; and <br />WHEREAS, the Town Council has considered and reviewed said capital <br />improvement plan during public hearing; and <br />WHEREAS, the Town Council approved the capital improvement plan on June 16, <br />2015, identifying a list of ten projects totaling $2,132,700 to place on hold pending future <br />Council Authority to release funds; and <br />WHEREAS, project 831 -3407: Blossom Hill Park — Little League Backstop, <br />totaling $25,000 of General Fund Appropriated Reserve money was one of the ten identified <br />projects on -hold. <br />RESOLVED, that the Town Council hereby authorizes release of up to $25,000 in <br />funding for project 831 -3407: Blossom Hill Park — Little League Backstop to complete this <br />project. <br />BE IT FURTHER RESOLVED, that the project costs are to be split evenly <br />between the Town of Los Gatos and Los Gatos Little League. <br />