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File #: 22-0914    Name: Robinson Ridge 2022 Budget Amendment
Type: Ordinance Status: Approved
In control: City Council Regular Meeting
On agenda: 10/3/2022 Final action: 10/3/2022
Title: Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2022-2023 Annual Budget and Amending the 2023-2027 Capital Improvements Program, to Provide Funds for the Robinson Ridge Neighborhood Park Project (PK1830)
Attachments: 1. Ordinance

Title

Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2022-2023 Annual Budget and Amending the 2023-2027 Capital Improvements Program, to Provide Funds for the Robinson Ridge Neighborhood Park Project (PK1830)

 

Summary

 

COUNCIL GOAL:                     Enhance the Quality of Life in McKinney                                                               

(5A: Create affordable recreational and cultural arts activities for all ages throughout the city)

(5B: Develop Parks strategy to preserve green space for future park land)

(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:                     October 3, 2022

 

DEPARTMENT:                      Parks and Recreation                     

 

CONTACT:                                            Michael Kowski, Director of Parks and Recreation

 

 

RECOMMENDED CITY COUNCIL ACTION:                     

                     Approval of ordinance.

 

ITEM SUMMARY: 

                     This is a budget amendment for the Robinson Ridge Neighborhood Park project to allow for additional resources to construct the project as designed.

 

BACKGROUND INFORMATION: 

                     An accompanying Resolution for a construction contract is also on this agenda for City Council approval.

 

FINANCIAL SUMMARY: 

                     This Ordinance amends the Fiscal Year 2022-2023 Annual Budget and the 2023-2027 Capital Improvements Program by transferring $1,225,649 from the Parkland Dedication Fund - Zone 1 to the Parks Construction Fund and appropriating the funds into the Robinson Ridge Neighborhood Park Project PK1830.

 

                     With this amendment, the total project budget will increase from be $3,204,947 to $4,430,596.

 

                     Upon approval of the accompanying construction contract, $76,983.95 will remain in project PK1830.

 

BOARD OR COMMISSION RECOMMENDATION: N/A