Explanation
Background:
This ordinance will authorize various expenditures for labor, materials and equipment in conjunction with Recreation and Parks facility improvements. Necessary improvements include, but are not limited to, concrete work, HVAC, roofing and flooring. All work will be based on three (3) estimates obtained from qualified contractors and will not exceed $20,000.00 per job. Emergency legislation is required in order to allow these projects to proceed in a timely manner.
There are several small projects that need to be completed prior to the summer season. $765,335.96 is being moved to provide $122,495.29 in funding for this expenditure, and the balance will provide funding for future undetermined facility improvements on separate legislation.
Fiscal Impact:
$77,504.71 is required and budgeted in the Recreation and Parks Bond Fund 746 Governmental B.A.B. (Build America Bonds) and $122,495.29 in Voted Bond Fund 702 to meet the financial obligations of these various expenditures.
Title
To authorize the expenditure of $77,504.71 from the Recreation and Parks Bond Fund 746 Governmental B.A.B. (Build America Bonds) and $122,495.29 from the Recreation and Parks Voted Bond Fund 702 for facility improvements; to authorize the transfer of $765,335.96.00 within the Recreation and Parks Fund 702; to amend the 2012 Capital Improvement Budget; and to declare an emergency.
Body
WHEREAS, various facility improvements are necessary within the Recreation and Parks Department; and
WHEREAS, funds are being moved to alternate projects within Fund 702 to establish correct funding project detail locations for the Facility Improvements for this expenditure, and the balance will provide funding for future undetermined facility improvements on separate legislation; and
WHEREAS, funding is available for these improvements from unallocated balances within the Recreation and Parks Bond Fund 746 Governmental B.A.B. (Build America Bonds); and
WHEREAS, fun...
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