Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Transfer Funds for the Contract Agreement Contained in a Letter of Intent with Champ Hospitality and Beck Development that was Approved by the City Council on June 5, 2012
Summary
MEETING DATE: September 4, 2012
DEPARTMENT: Administration
CONTACT: Jason Gray, City Manager
RECOMMENDED CITY COUNCIL ACTION:
· Approve Resolution
ITEM SUMMARY:
· Discussion led by City Manager
BACKGROUND INFORMATION:
· Contract agreement contained in a letter of intent with Champ Hospitality and Beck Development was approved by the City Council on June 5, 2012, related to Gateway Project.
FINANCIAL SUMMARY:
· The City Manager is hereby authorized to transfer funds in an amount not to exceed $270,000.
BOARD OR COMMISSION RECOMMENDATION:
· N/A