Title
Consider/Discuss/Act on Making a Recommendation to the McKinney Community Development Corporation to Reallocate Existing Funds in order to Complete Substantial Renovations to the Senior Recreation Center, Improvements to Various Neighborhood Parks, the Purchase of a Parks & Recreation Bus, and the Purchase of Outdoor Workout Equipment
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
(5A: Create affordable recreational and cultural arts activities for all ages throughout the city)
(5C: Continue to market and highlight McKinney as a unique destination for residents and visitors alike)
(5E: Develop sustainable quality of life improvements within the City of McKinney)
MEETING DATE: November 14, 2019
DEPARTMENT: Parks & Recreation
CONTACT: Michael Kowski, Director of Parks and Recreation
RECOMMENDED PROS BOARD ACTION:
* Recommend to the MCDC to approve the reallocation of existing funding.
ITEM SUMMARY:
* The Parks and Recreation Department is requesting to reallocate existing MCDC funds in the amount of $3,579,583 to expedite the delivery of certain enhancements across the McKinney parks system. This item does not include any new funding requests.
BACKGROUND INFORMATION:
* The MCDC approved $5,500,000 in funding for this FY19-20 to implement various elements of the Parks Master Plan. MCDC also approved funding for other Parks projects in 2016, 2017 and 2018 that are available for reallocation.
* Part of the approved FY19-20 funding included $1,150,000 in Umbrella Funding, for a total amount of $1,375,000, for reallocation to various projects as needed.
* To fund substantial renovations to the Senior Recreation Center (PK4384), this request will reallocate $1,000,000 from Land Acquisition (PK1701) and $1,000,000 from Umbrella Funding (PK4399) to increase the total project budget to $3,500,000. This project is in the final design phase with construction anticipated to commence in Q1 of 2020.
* To fund outdoor workout equipment, t...
Click here for full text