Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2012 - 2013 Annual Budget and Amending the 2013-2017 Capital Improvements Program, to Provide Funds for the Construction of Silverado Trail between Custer Road and Amon Carter Drive
Summary
MEETING DATE: August 5, 2013
DEPARTMENT: Development Services/Engineering
CONTACT: Michael Hebert, PE, Assistant Director of Engineering
RECOMMENDED CITY COUNCIL ACTION:
· Approval of Ordinance.
ITEM SUMMARY:
· This Ordinance amends the FY 2012-2013 annual budget and the 2013 -2017 CIP budget by transferring $200,000 from Roadway Impact Fees (Zone H) and $374,893 Streets Construction fund balance (ST0000) for a total $574,893.
- This item adds Project ST4217 into the Capital Improvements Program.
BACKGROUND INFORMATION:
· The Chapter 380 Agreement with McKinney Seven Stacy, LP (13-686) is a companion for the construction of Silverado Trail.
- This roadway creates a needed link and also improves fire response time in the area.
· This Ordinance creates a new CIP project and provides the funds needed for the completion of the roadway and bridge.
FINANCIAL SUMMARY:
· The attached financial summary details the transfer of funds from Fund 21 Fund Balance and Roadway Fee Zone H.
BOARD OR COMMISSION RECOMMENDATION:
· N/A