Title
A Resolution Approving Various Road Improvements in and around the Sports Tourism Area to Include Beck Road
Summary
Mike Thompson: Request to use up to $850,000 of 2014 Series GO Bond Proceeds for Improvements to roads in the Sports Tourism to include Beck Road. The $850k was originally obtained to purchase a building for further education but the building is no longer needed.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project
In current year Capital Projects Plan:
__x___ Yes, planned amount $_600,000 to begin FY16_, requesting $_850,000 to begin immediately__ as total project estimate, including contingencies, under account #_12-665-7340___
(Note - the possible 80% ATRIP funding shown in the plan will be redirected to the 9th Avenue Extension project in the FY16 Capital Plan
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, $850,000 of the Series 2014 GO Bond proceeds was obtained to purchase a building that is no longer needed causing those funds to become available for another eligible project, and
WHEREAS, It is the desire of Council to expedite improvements to Beck Road and other roads in and around the Sports Tour...
Click here for full text