Explanation
1. BACKGROUND
The following ordinance authorizes the City Attorney's Office, Real Estate Division to hire professional services and to negotiate with property owners to acquire the various property rights necessary to complete the Roadway - W. Fulton Street - Short Street to Second Street project in the Brewery District Planning Area (60).
The Department of Public Service is engaged in the Roadway - W. Fulton Street - Short Street to Second Street project. This project consists of constructing a new roadway, widening, new curb, sidewalk, driveway, storm sewer system, and street lighting on West Fulton Street from Short Street to Second Street.
The cost to acquire the right-of-way needed to complete the project is estimated at $400,000.00. 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, in the amount of $323,490.50, is available in Fund 4409 (Brewery District TIF Fund). Funds will need to be appropriated in Fund 4409, transferred to Fund 7740 (Brewery District Fund), and then appropriated in Fund 7740.
The remaining funding, in the amount of $76,509.40, is available within Fund 7740 (Brewery District Fund). A transfer of cash is needed to align spending with the proper project, and then appropriated in Fund 7740.
3. EMERGENCY DESIGNATION
Emergency action is requested so right-of-way can be acquired to allow construction to proceed as scheduled, preventing delays in the Department of Public Service’s Capital Improvement Program to ensure the safety of the traveling public.
Title
To transfer funds within the Brewery District Fund; to appropriate funds within the Brewery District TIF Fund; to transfer funds from the Brewe...
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