Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2013-2014 Annual CIP Budget and Amending the 2014-2018 Capital Improvements Program to Provide Funds for the Median Landscape Improvements along Hardin Boulevard
Summary
MEETING DATE: August 19, 2014
DEPARTMENT: Development Services/Engineering
CONTACT: Tony Nielsen, Parks Development Superintendent
RECOMMENDED CITY COUNCIL ACTION:
· Approval of Ordinance.
ITEM SUMMARY:
· This Ordinance amends the FY 2013-2014 annual CIP budget and the 2014-2018 Capital Improvement Program, by transferring $4,755 from the Parkland/Median Fee Fund (Median Escrow from Zone I $3,285 and Median Escrow from Zone J $1,470) to the Parks Construction Fund and to setup a new CIP project PK4370 Hardin Boulevard Median Improvements.
· The attached quotes are from Fannin Tree Farm which is under contract with the City to provide median landscape services.
BACKGROUND INFORMATION:
· Developers are required to comply with the median landscaping requirements found in the McKinney Code of Ordinances.
· The Code allows a developer to pay a median landscaping fee in lieu of installing landscaping along the median adjacent to their project.
· This Ordinance transfers funds to a new CIP project PK4370 and provides the funds needed for the completion of the installation of replacement trees along Hardin Boulevard.
FINANCIAL SUMMARY:
· The attached financial summary details the transfer of funds in the amount of $4,755 from the Parkland/Median Fee Fund (Median Escrow from Zone I $3,285 and Median Escrow from Zone J $1,470) to the Parks Construction Fund and to setup a new CIP project PK4370 Hardin Boulevard Median Improvements.
BOARD OR COMMISSION RECOMMENDATION:
· N/A