Explanation
This legislation will authorize the transfer of grant funds from Fund 291 to the Recreation and Parks Permanent Improvement Fund, Fund 747 and the amendment of the 2007 Capital Improvements Budget. Grant funds in the amount of $43,000.00 were previously appropriated for the Hayden Falls Boardwalk Project in Ordinance Number 1308-2006 as follows:
Ordinance Number 1308-2006 authorized the appropriation and transfer of $89,376.31 within the Recreation and Parks Permanent Improvement Fund, to enter into contract with Watson-Shonebarger General for the Hayden Falls Boardwalk Installation, to authorize the expenditure of $145,889.81 from various funds, and to declare an emergency. Contract #EL006363 was created to perform this work.
The Hayden Falls Boardwalk Project consisted of the addition of 150 feet of boardwalk, steel stairway and concrete observation decks. Two (2) other grants were made available to the Recreation and Parks Department relative to this project giving the Department a total of three (3) grants. Those grants were accepted and appropriated under separate Ordinances as follows: (1) Hayden Falls Park II, Grant Number 510617 in the amount of $22,997.00 and (2) Hayden Falls Observation, Grant Number 516034 in the amount of $21,000.00. As a result, a $43,997.00 cash balance is available and needs to be transferred to the appropriate fund in order to pay expenditures for the above project.
Emergency legislation is requested so that the grant funds can be transferred in order to reimburse Fund 747 for expenditures related to the Hayden Falls Boardwalk Project.
Fiscal Impact: To move the appropriation within Fund 291 in the grants listed in Section 1 for the purpose of transferring the monies to Fund 747 in the amount of $43,997.00.
Title
To move the appropriation within Fund 291 for the purpose of transferring the monies to Fund 747, to authorize and direct the transfer of $43,997.00 from Grant Fund 291 to Fund 747...
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