Explanation
1. BACKGROUND:
This legislation authorizes the City Auditor to move appropriation within the Street Construction Maintenance and Repair Fund and authorize expenditure in the amount of $434,000.00 within the Street Construction Maintenance and Repair Fund for the Division of Transportation. This is necessary for the Division's operating expenses including the purchase of gravel, concrete, traffic signs and traffic signals.
These funds will be used to pay for these routine expenditures of materials, supplies and services which are required for the proper maintenance and operation of the city's roadways and bridges.
2. FISCAL IMPACT:
Ordinance 1969-2007 passed by City Council February 4, 2008, authorized the 2008 appropriation of $51,110,683.00 for the Street Construction Maintenance and Repair Fund. It is necessary to move appropriation in the amount of $434,000.00 and authorize the expenditure of those funds to provide funding for the Division of Transportation to fulfill its current operation and maintenance responsibilities for the city's roadways and bridges.
3. EMERGENCY DESIGNATION:
Emergency action is requested to make these funds available to the division as soon as practical to meet anticipated 2008 needs.
Title
To authorize the City Auditor to move appropriation within the Street Construction Maintenance and Repair Fund; to authorize the expenditure of $434,000.00 from within the Street Construction Maintenance and Repair Fund to meet current projected operating needs for the remainder of 2008 for the Division of Transportation; and to declare an emergency. ($434,000.00)
Body
WHEREAS, it is necessary to move appropriation within the Street Construction Maintenance and Repair Fund to provide for operating expenditures necessary for the daily operation of the Division of Transportation in 2008; and
WHEREAS, an emergency exists in the usual daily operation of the Division of Transportation, Department of...
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