Explanation
1. BACKGROUND
The Division of Infrastructure Management completed alley resurfacing in the Driving Park Neighborhood in 2014. This is in the Near South Community Planning Area. The boundaries are I-70 on the north, East Whittier Street on the south, the Norfolk & Western Railway on the east and Studer Avenue on the west. The costs accrued from labor, equipment and material expenses are reimbursable to the Department of Public Service's Street, Construction, Maintenance and Repair Fund. The project resurfaced approximately 30,624 feet (5.8 miles).
This legislation authorizes the expenditure of up to $85,726.92 for reimbursement for expenses accrued from the UIRF - Alley Resurfacing Driving Park project.
2. FISCAL IMPACT
Funding for this project is available within the Streets and Highways G.O. Bonds Fund. Amendment to the 2014 C.I.B will be necessary to establish proper authority.
3. EMERGENCY DESIGNATION
To ensure that revenue are recorded in close approximation to incurred expenses and maintaining proper accounting practices emergency designation is requested.
Title
To amend the 2014 Capital Improvements Budget; to authorize the transfer of funds and appropriation within the Streets and Highways Bonds Fund; to authorize the Director of Public Service to reimburse the Street Construction Maintenance and Repair Fund for labor, equipment and material costs associated with alley resurfacing; to authorize the expenditure of $85,726.92 from the Streets and Highways Bonds Fund for reimbursement to the Street Construction Maintenance and Repair Fund. ($85,726.92)
Body
WHEREAS, the Division of Infrastructure Management completed a project to resurface the alleys within the Driving Park neighborhood; and
WHEREAS, this ordinance authorizes the Director of Public Service to reimburse the Street Construction Maintenance and Repair Fund for employee, equipment and materials costs for this project; and
WHEREAS, an emergency exists...
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