Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2024-2025 Annual Budget and Amending the 2025-2029 Capital Improvements Program to Provide Funds for the Roy and Helen Hall Memorial Library Reimagine Project (LI2441)
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
(5.1: Create affordable recreational and cultural arts activities
for all ages throughout the city)
MEETING DATE: July 1, 2025
DEPARTMENT: Library Services
Facilities Construction
CONTACT: Spencer Smith, Director of Libraries
Patricia L. Jackson, PE, Facilities Construction Manager
RECOMMENDED CITY COUNCIL ACTION:
• Approval of the Ordinance.
ITEM SUMMARY:
• This Ordinance amends the Fiscal Year 2024-2025 Annual Budget and the 2025-2029 Capital Improvements Program to provide funding for the Roy and Helen Hall Memorial Library Reimagine Project (LI2441).
BACKGROUND INFORMATION:
• The construction documents were issued and bids have been received by Crossland Construction Company, Inc.
• This Ordinance amends the Fiscal Year 2024-2025 Annual Budget and the 2025 - 2029 Capital Improvements Program budget to fund the LI2441 project.
• There is a companion agenda item for a GMP Amendment to the pre-construction contract with Crossland related to this project also included in this council session.
• Certificates of Obligation for $30,000,000 were approved to be issued at the March 18th, 2025 Council Meeting, of which $20,000,000 is for the Library Reimagine project (LI2441).
FINANCIAL SUMMARY:
• This Ordinance amends the Fiscal Year 2024-2025 Annual Budget and the 2025-2029 Capital Improvements Program by appropriating $20,000,000 of Certificates of Obligation bond proceeds in the Library Construction Fund for the Roy and Helen Hall Memorial Library Reimagine Project (LI2441).