Explanation
1. BACKGROUND
The following ordinance authorizes the City Attorney's Office, Real Estate Division to hire professional services (e.g. surveys, title work, appraisals, etc.) and to negotiate with property owners to acquire the various property rights necessary to complete the Roadway - Blossom Field Blvd - Broad Street to Westbourne Avenue project in the Far East Planning Area (58).
The Department of Public Service is engaged in the Roadway - Blossom Field Blvd - Broad Street to Westbourne Avenue project. The project involves the improvement of approximately 0.32 miles of Blossom Field Blvd between E. Broad Street and Westbourne Avenue by resurfacing, pavement removal, sidewalks, lighting, and drainage, along with the placement of a new roundabout at the intersection of Blossom Field Blvd/Granite Pointe Drive/Westbourne Avenue Extension Phase 1.
The cost to acquire the right-of-way needed to complete the project is estimated at $100,000.00. If the cost to acquire the needed right-of-way should exceed this estimate, additional legislation will be submitted to Council requesting the needed funding.
The Department of Public Service is currently finalizing construction plans and is prepared to authorize right-of-way acquisition pending passage of this funding legislation.
2. FISCAL IMPACT
Funding is available, through the Department of Development, from the Lucent Commercial TIF Fund, Fund 4432 and funding canceled from ACDI002218-30 in the Lucent Commercial TIF Capital Fund, Fund 7432. Funds will need to be appropriated in Fund 4432, transferred to Fund 7432, and then appropriated in Fund 7432. Funds will also need transferred between projects within Fund 7432. Project expenses will be paid from Fund 7432.
Title
To appropriate funds within the Lucent Commercial TIF; to transfer funds from the Lucent Commercial TIF...
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