Explanation
1. BACKGROUND
This ordinance authorizes the establishment of a hire & acquire fund that will be used by the City Attorney's Office, Real Estate Division, to acquire the various property rights needed for the Roadway Improvements - Stormwater Regional Basins project.
The Department of Public Service is engaged in the Roadway Improvements - Stormwater Regional Basins project. The project will construct regional stormwater basins within watersheds that have upcoming projects in order to meet the Stormwater Drainage Manual requirements. The City Attorney’s Office, Real Estate Division, will acquire the property rights required for the performance of the project. The City Attorney’s Office may negotiate directly with the property owner, or may hire professional services to do these negotiations. The funds established with this ordinance will pay for the use of professional services and for the acquisition of the property rights.
The cost to acquire the property rights is currently estimated at $165,000.00. If the cost to acquire the needed property rights should exceed this estimate, an additional ordinance will be submitted to Council requesting the needed funding. The Department of Public Service is currently finalizing construction plans and is prepared to authorize acquisition of property rights for this project pending passage of this funding ordinance.
2. FISCAL IMPACT
Funding in the amount of $165,000.00 is available and appropriated for this expenditure in Fund 7704, the Streets and Highways Bond Fund. An amendment to the 2019 Capital Improvements Budget is necessary for the purpose of providing budget authority for the proper project. It is also necessary to transfer cash and appropriation within Fund 7704 to establish sufficient cash in the proper project.
3. EMERGENCY DESIGNATION
Emergency action is requested to provide necessary property rights acquisition funding and prevent unnecessary delays in the Department of Publi...
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