Explanation
BACKGROUND: This legislation authorizes the City Auditor to transfer a total of $35,000.00 within the Storm Sewer Bond Fund; and amend the 2004 Capital Improvements Budget so as to allow sufficient funds and authority to acquire the necessary easements, professional services and administrative costs for the following Capital Improvements Project:
610712: Refugee Road Pump Station ST-24 - $35,000.00
EMERGENCY DESIGNATION: This ordinance is submitted as an emergency so as to allow the easements to be acquired as soon as possible to maintain project construction schedules.
FISCAL IMPACT: The projects for which this legislation requests fund transfer currently have insufficient balances to allow for the aforementioned expenditures. This transfer does not reflect any changes to the projects planned in the 2004 Capital Improvements Budget (CIB). The change is a temporary measure for the project that is being designed or constructed to maintain efficient cash flow within Stormwater CIB Funds will be made available for all approved projects as needed.
Title
To authorize the City Auditor to make an intra-subfund transfer of $35,000.00 within the Storm Sewer Bonds Fund for the Division of Sewerage and Drainage to provide the necessary capital projects funds for land acquisition services; to authorize an amendment to the 2004 Capital Improvements Budget to accommodate this transaction; and to declare an emergency. ($35,000.00)
Body
WHEREAS, it is required in the usual daily operation of the Division of Sewerage and Drainage, Department of Public Utilities, to maintain, upgrade and expand its storm sewer collection system; and
WHEREAS, it is necessary to transfer funds within the Storm Sewer Bonds Fund for land acquisition services for various projects; and
WHEREAS, it is necessary to authorize an amendment to the 2004 Capital Improvements Budget for purposes of providing sufficient funding and spending authority for the a...
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