File #: 21-0516    Name: Fiscal Year 2020-2021 Annual Budget Amendment
Type: Agenda Item Status: Approved
In control: Reinvestment Zone Number One
On agenda: 6/15/2021 Final action: 6/15/2021
Title: Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2020-2021 Annual Budget to Provide Funds for the Purpose of Renovating and Improving a Historic Building Situated at 101 W. Louisiana Street.
Attachments: 1. Ordinance No. 2021-06-15

Title

Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2020-2021 Annual Budget to Provide Funds for the Purpose of Renovating and Improving a Historic Building Situated at 101 W. Louisiana Street.

 

Summary

 

COUNCIL GOAL:                     Financially Sound Government

(4A: Provide funding and organizational framework to ensure continual economic improvements)

 

MEETING DATE:                     June 15, 2021

 

DEPARTMENT:                      City Manager’s Office

 

CONTACT:                       Barry Shelton, Assistant City Manager

 

RECOMMENDED CITY COUNCIL ACTION:                     

                     Approve ordinance

 

ITEM SUMMARY: 

                     This Ordinance amends the Fiscal Year 2020-2021 Annual Budget by appropriating $80,000 from the TIRZ 1 Fund balance for historic building renovations specifically north façade restoration and roof repair of the building situated at 101 W. Louisiana Street.

 

BACKGROUND INFORMATION: 

                     This project is aligned with the TIRZ 1 project plan set on September 1, 2010 and has been approved by the TIRZ 1 Board.

 

FINANCIAL SUMMARY: 

                     The budget will be amended by appropriating $80,000 from the TIRZ 1 fund balance.

 

BOARD OR COMMISSION RECOMMENDATION:

                     N/A