Explanation
BACKGROUND: This legislation authorizes the City Auditor to transfer a total of $16,251.00 within the Storm Sewer Bond Fund; and amend the 2004 Capital Improvements Budget so as to allow sufficient funds and authority to modify an engineering agreement to include designing of a stormwater system to relieve back yard flooding for the following Capital Improvements Project:
610765: Elmore Avenue Stormwater System Improvement - $16,251.00
The Engineering Modification is to a Transportation Division Engineering Contract for design reconstruction of Elmore Avenue. It is cost effective and time saving to include the storm design work with the road design work. The funds for the storm portion is being funded by the Storm Sewer Bond Fund.
EMERGENCY DESIGNATION: This ordinance is submitted as an emergency so as to allow the design of the stormwater system 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 $16,251.00 within the Storm Sewer Bonds Fund for the Division of Sewerage and Drainage to provide the necessary capital projects funds for storm sewer design engineering services; to authorize an amendment to the 2004 Capital Improvements Budget to accommodate this transaction; and to declare an emergency. ($16,251.00)
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 i...
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