Explanation
Background: Ordinance No. 0813-2007, passed June 18, 2007, authorizing the City Attorney to acquire certain property rights, and to expend monies in connection with the Southard and Fornoff Stormwater Improvements Project. The original amount of funding made available for this project was done so with the understanding that additional monies may be needed at a later date. Additional money has been transferred to the Storm Sewer Bonds Fund. It is now necessary to establish a separated Auditor's Certificate to expend the aforementioned monies for payment of acquisition costs in connection with the Southard and Fornoff Stormwater Improvements Project.
Fiscal Impact: This ordinance authorizes the transfer and appropriation of funds from the Storm Sewer Reserve Fund to the Storm Sewer Bond Fund for this expenditure. An amendment to the 2008 Capital Improvements Budget to increase authority from encumbrance cancellations to provide sufficient budget authority is also needed. Monies for these expenditures from the Storm Sewer Reserve Fund will be provided from an upcoming Bond Sale via the transfer detailed in this ordinance.
Emergency Justification: Emergency action is requested to allow acquisition activities to begin as soon as possible thereby allowing for commencement of construction of this project without delay.
Title
To authorize the City Attorney to acquire fee simple title and lesser interests, contract for professional services, to authorize the transfer and appropriation of $5,000.00 from the Storm Sewer Reserve Fund to the Storm Sewer Bonds Fund; to amend the 2008 Capital Improvements Budget; and to expend $5,000.00 from the Storm Sewer Bonds Fund for costs in connection with the Southard and Fornoff Stormwater Improvements Project, and to declare an emergency. ($5,000.00).
Body
WHEREAS, Ordinance No. 0813-2007, passed June 18, 2007, authorizing the City Attorney to acquire certain property rights, and to expend ...
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