Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2019-2020 Annual Budget and Amending the 2020-2024 Capital Improvements Program, to Provide Funds for the Old Settlers Renovation Project
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: April 7, 2020
DEPARTMENT: Parks and Recreation
CONTACT: Michael Kowski, Director of Parks and Recreation
RECOMMENDED CITY COUNCIL ACTION:
• Approval of the attached Ordinance.
ITEM SUMMARY:
• This ordinance amends expenditures in the FY2019-2020 Annual CIP Budget and the 2020-2024 Capital Improvements Program by transferring $900,000 from Parkland Zone 4 to the Parks Construction Fund and appropriating the funds into the Old Settlers Renovation Project PK4398.
BACKGROUND INFORMATION:
• This request will allow the installation of a commercial warming kitchen, security cameras, new HVAC, new roofing, improved fire prevention components, and enhancements to the landscaping and plaza at the front of the building.
• An accompanying Resolution for a contract amendment for a Guaranteed Maximum Price (GMP) to the Design/Build Services Agreement is also on this agenda for Council’s consideration.
FINANCIAL SUMMARY:
• The attached financial summary details the transfer of funds in the amount of $900,000 from the Parkland Dedication Fund Zone 4 to the Parks Construction Fund and appropriating the funds into PK4398 Old Settlers Renovation Project.
• Upon approval of this agenda item the total project budget will be $5,200,000.
BOARD OR COMMISSION RECOMMENDATION:
• n/a