Title
Consider/Discuss/Act on a Resolution Amending the 2011-2015 Capital Improvements Program for Facilities for New Parking at the Public Safety Building
Summary
MEETING DATE: July 19, 2011
DEPARTMENT: Development Services / Engineering
CONTACT: Jack E. Carr, P.E., Director of Engineering
Patricia L. Jackson, P.E., Facilities Construction Manager
RECOMMENDED CITY COUNCIL ACTION:
• Approval of the Resolution.
ITEM SUMMARY:
• This Resolution amends the 2011-2015 Capital Improvements Program by moving $500,000 from the McKinney Municipal Building Project (FC6110) to Public Safety Phase II (FC1226).
BACKGROUND INFORMATION:
• Additional parking for the Public Safety Building was included in the Capital Improvements Program Budget in Public Safety Phase II (FC1226).
• General Obligation Bonds in the amount of $500,000 were intended to be sold this year to fund the parking improvements; however, due to economic constraints the bond sale did not occur.
• Current funds for the parking lot construction are available in McKinney Municipal Building Project (FC6110).
• It is anticipated that the facility will be completed in the winter of 2011-2012.
FINANCIAL SUMMARY:
• Fund for this CIP amendment will be obtained by transferring current funds in the amount of $500,000 from the McKinney Municipal Building Project (FC6110).
|
McKinney Public Safety Building - New Parking - FC1226 Funding Source |
Current Budget |
Additional Proposed (FY2011-12) |
Total Proposed |
|
FC6110 Municipal Building Revised Budget |
$ 8,000,000 |
$ (500,000) |
$ 7,500,000 |
|
FC1226 Total Proposed Budget |
$ 0 |
$ 500,000 |
$ 500,000 |
BOARD OR COMMISSION RECOMMENDATION:
• N/A