Title
Consider/Discuss/Act on a Resolution Amending the 2016 - 2020 Capital Improvements Program to Provide Funds for the WW4213 - Oversize Participation Bloomdale (Tucker Hill) Project
Summary
COUNCIL GOAL: Direction for Strategic Growth
MEETING DATE: March 1, 2016
DEPARTMENT: Development Services/Engineering
CONTACT: Michael Hebert, Assistant Director of Engineering
RECOMMENDED CITY COUNCIL ACTION:
* Approval of Resolution.
ITEM SUMMARY:
* This item is a companion item to 15-010DA, which is for the development agreement for oversize participation for the construction of the Stover Creek Sewer Interceptor. Information regarding the agreement is shown in the item summary and background information sections of that agenda item.
* This Resolution amends the 2016 - 2020 Capital Improvements Program by providing Issued Revenue Bonds for the WW4213 - Oversize Participation Bloomdale (Tucker Hill) Project.
* Adjustments will be made to the following projects in order to have already-issued funds available for the current construction projects:
O Transferring $970,000 Issued Revenue Bond funds from the Oversize Participation Gravity Sewer Main from Lift Station H project (WW4239) to the Unallocated Fund Balance project (WA0000); and
O Appropriating $970,000 from the Unallocated Fund Balance (WA0000) for the WW4213 - Oversize Participation Bloomdale (Tucker Hill) project.
O Transferring $970,000 Unissued Revenue Bonds from the Oversize Participation Bloomdale (Tucker Hill) project (WW4213) to the Unallocated Fund Balance project (WA0000); and
O Appropriating $970,000 from the Unallocated Fund Balance (WA0000) for the Oversize Participation Gravity Sewer Main from Lift Station H project (WW4239).
BACKGROUND INFORMATION:
*????These funds shown above were approved by City Council in September 2015 during the budget process.
* No project will see increased or decreased funding due to this resolution. The only chan...
Click here for full text