Explanation
Background:
The purpose of this legislation is to authorize the appropriation and transfer of $413,451.00 from the Special Income Tax Fund No. 430 to the Voted 1995 and 1999 Parks and Recreation Bond Fund No. 702; and, to authorize the Director of Recreation and Parks to enter into a contract with Peabody Landscape Company for the North Bank Park - Issue H Project.
Bids were received by the Recreation and Parks Department on February 5, 2004 for the North Bank Park - Issue H Project as follows:
Status Amount
Peabody Landscape Co. Majority $389,451.00
EMI Majority $476,469.00
RWS Majority $556,000.00
Buckeye Landscape Majority $743,892.00
Greenscape Landscape Majority $792,880.00
Urban Environment Majority $827,758.00
Project includes landscaping services at North Bank Park.
The Contract Compliance Number for Peabody Landscape Company is #31-1131560.
A contingency amount of $20,000.00 is being included in this project.
The approximate cost of Recreation and Parks staff time on this project is $4,000.00 (03-028).
This ordinance is submitted as an emergency to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up-to-date financial posting promotes accurate accounting and financial management. Additionally, legislation should be emergency to allow project to be kept on schedule with existing and future construction projects in this riverfront area.
Fiscal Impact:
The transfer of $413,451.00 from the Special Income Tax Fund to the Voted 1995 and 1999 Parks and Recreation Bond Fund is a temporary measure until the City sells notes or bonds to fund these improvements.
Title
To authorize the appropriation and transfer of $413,451.00 from the Special Income Tax Fund to the Voted 1995 and 1999 Parks and Recreation Bond Fund, to authorize the Director of Recreation and Parks to enter into contract with Peabody Landscape Company ...
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