Explanation
Background:
This ordinance will authorize the transfer of $5,138,628.31 within the Voted 1999/2004 Recreation and Parks Bond Fund No. 702, amend the 2008 Capital Improvements Budget and authorize the City Auditor to set up a certificate in the amount of $194,000.00 for various expenditures for labor, material and equipment in conjunction with Park and Playground improvements. These are unanticipated expenditures that may include, but are not limited to items such as fence repair, plumbing and water line breaks, playground equipment and pavement issues. All work will be based on three estimates obtained from qualified contractors and will not exceed $20,000.00 per job.
Since there is no bond sale scheduled for 2008, we need to move the $5,138,628.31 around in order to correct project number expenditures and change our authority to stay in line with the spending plan for projects that will be bid prior to the next bond sale.
Emergency legislation is requested so that funding is available to address these unanticipated and unintentional projects in a timely manner.
Title
To authorize the transfer of $5,138,628.31 within the Voted 1999/2004 Recreation and Parks Bond Fund, to authorize the City Auditor to set up a certificate in the amount of $194,000.00 for various expenditures for labor, material and equipment in conjunction with park and playground improvements, to amend the 2008 Capital Improvements Budget and to declare an emergency. ($194,000.00)
Body
WHEREAS, various unanticipated park and playground improvements are necessary within the Recreation and Parks Department; and
WHEREAS, funding is available for these improvements from unallocated balances within the Voted 1999/2004 Recreation and Parks Bond Fund; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to expend said funds as there are numerous requests f...
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