Explanation
1. BACKGROUND
The Department of Public Service is engaged in the Bicentennial Sign Project for the City. As part of this project, staff and crews will perform work such as designing, creating, installing and inspecting signs throughout the City.The costs incurred for City Staff and equipment associated with these bicentennial signs will be tracked. The Street Construction Maintenance and Repair Fund and the Construction Inspection Fund will then be reimbursed from Capital Funds for these expenses. It is necessary to establish funding in the amount of $200,000.00 for this purpose.
2. FISCAL IMPACT
Funds for the bicentennial signs are budgeted within the 2012 Capital Improvement Budget. Funding for this project is available within the Streets and Highways G.O. Bonds Fund.
3. EMERGENCY DESIGNATION
Emergency legislation is requested to have funding available for this project so reimbursement and materials purchases can be made at the earliest possible time to maintain proper accounting practices.
Title
To authorize the Director of Public Service to reimburse the Street Construction Maintenance and Repair Fund and Construction Inspection Fund for labor and equipment costs; to authorize the expenditure of $200,000.00 from the Streets and Highways G.O. Bonds Fund for reimbursement to the Street Construction Maintenance and Repair Fund and Construction Inspection Fund; and to declare an emergency. ($200,000.00)
Body
WHEREAS, the Division of Planning and Operations is engaged in a project to produce and install bicentennial signs; and
WHEREAS, costs incurred for City Staff and equipment associated with these bicentennial signs are able to be capitalized; and
WHEREAS, this ordinance authorizes the Director of Public Service to reimburse the Street Construction Maintenance and Repair Fund and the Construction Inspection Fund for these staff and equipment expenses; and
WHEREAS, an emergency exists in the usual daily operation of the ...
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