header-left
File #: 1575-2005    Version: 1
Type: Ordinance Status: Passed
File created: 9/19/2005 In control: Recreation & Parks Committee
On agenda: 10/3/2005 Final action: 10/6/2005
Title: To authorize the appropriation and transfer of $1,000,000.00 from the Special Income Tax Fund to the Voted 1995 and 1999 Parks and Recreation Bond Fund, to authorize the Director of Recreation and Parks to enter into contract with the Franklin Park Conservatory for funding to begin implementation of the Franklin Park Conservatory and Franklin Park Master Plan, to authorize the expenditure of $1,000,000 from the Voted 1995 and 1999 Parks and Recreation Bond Fund, and to declare an emergency. ($1,000,000.00)
Explanation

Background:
This ordinance will authorize the appropriation and transfer of $1,000,000.00 from the Special Income Tax Fund No. 430 to the Voted 1995 and 1999 Parks and Recreation Bond Fund No. 702, and authorize the Director of Recreation and Parks to enter into a contract with the Franklin Park Conservatory to begin implementation of the Franklin Park Conservatory and Franklin Park Master Plan.

The Franklin Park Conservatory and the Recreation and Parks Department have completed a joint Master Plan for improvements to the conservatory and park. The Master Plan has been adopted by both the Conservatory Board and the Recreation and Parks Commission. The Conservatory is moving forward with the implementation of the plan. Included in the 2005 Capital Improvement Budget is $1,000,000.00 to be used for implementation of the project.

The Conservatory has proceeded with developing schematic drawings for various phases of the project including greenhouses that will be jointly utilized by the Department and the Conservatory. They are also undertaking a capital campaign to raise additional dollars to implement the plan.

Emergency action is necessary to allow work to continue.

Fiscal Impact:
The transfer of $1,000,000.00 from the Special Income Tax Fund to the Voted 1995 and 1999 Parks and Recreation Bond Fund is a temporary measure until the City sells notes or bonds to fund these improvements.

$1,000,000.00 is budgeted in the Voted 1995 and 1999 Parks and Recreation Bond Fund to meet the financial obligation of this project.

Title

To authorize the appropriation and transfer of $1,000,000.00 from the Special Income Tax Fund to the Voted 1995 and 1999 Parks and Recreation Bond Fund, to authorize the Director of Recreation and Parks to enter into contract with the Franklin Park Conservatory for funding to begin implementation of the Franklin Park Conservatory and Franklin Park Master Plan, to authorize the expenditure of $1,000,000...

Click here for full text