Explanation
1. BACKGROUND
The Division of Planning and Operations completed alley rehabilitation in Krumm Park in 2013. The costs accrued from labor, equipment and material expenses are costs that can be capitalized and are reimbursable to the Department of Public Service’s Street, Construction, Maintenance & Repair Fund. For this project, approximately 3 miles of alleys were rehabilitated.
The Department of Development committed to funding the cost of rehabilitating these alleys. This legislation authorizes the expenditure of up to $147,943.33 for reimbursement of expenses accrued from the Krumm Park Alley Rehabilitation Project.
2. FISCAL IMPACT
Department of Development funds in the amount of $147,943.33 are available for this project within the Urban Infrastructure Recovery Fund of the General Obligations Bond Fund. Amendment to the 2013 C.I.B will be necessary to establish sufficient cash and authority in the proper project.
Title
To amend the 2013 Capital Improvements Budget; to authorize and direct the City Auditor to transfer funds within the Streets and Highways Bond Fund; to authorize the Director of Public Service to reimburse the Street Construction Maintenance and Repair Fund for labor, equipment & material costs; to authorize the expenditure of $147,943.33 from the Streets and Highways Bond Fund for reimbursement to the Street Construction Maintenance and Repair Fund; and to declare an emergency. ($147,943.33)
Body
WHEREAS, the Division of Planning and Operations performs alley rehabilitation work; and
WHEREAS, the Department of Development requested that the Division of Planning and Operations perform alley rehabilitation work within the Krumm Park area; and
WHEREAS, the Department of Development is to pay for the alley rehabilitation work performed in the Krumm Park area; and
WHEREAS, the Division of Planning and Operations completed the project to rehabilitate the alleys within the Krumm Park area; and
WHEREAS, this ordinance ...
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