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RESOLUTION 2015 -061 <br />RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS <br />ESTABLISHING A RESREVE OF $12.2 MILLION FOR THE ALMOND GROVE <br />STREET REHABILIATION PROJECT <br />WHEREAS, the Town Council has identified funding sources for the Almond Grove <br />Street Rehabilitation; and <br />WHEREAS, funds totaling approximately $12.2 million have been identified in the <br />Almond Grove Funding Plan and Funding Schedule; and <br />WHEREAS, the Town Council wishes to establish a designated reserve for the Almond <br />Grove Street Rehabilitation project. <br />NOW, THEREFORE, BE IT RESOLVED, that the Town Council hereby authorizes <br />establishment of a designated Reserve for the Almond Grove Street Rehabilitation Project in the <br />initial amount of approximately $12.2 million. <br />PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of <br />Los Gatos, California, held on the third day of November, 2015 by the following vote: <br />COUNCIL MEMBERS: <br />AYES: Steve Leonardis, Rob Rennie, Marico Sayoe, Barbara Spector <br />NAYS: Mayor Marcia Jensen <br />ABSENT: <br />SIGNED: <br />MAYOR OF THE TOWN OF LOS GATOS <br />LOS GATOS, CALIFORNIA <br />ATTEST: <br />CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS <br />LOS GATOS, CALIFORNIA <br />