Fiscal Note
This budget amendment adds a total of $485,300 in budget authority to sub-projects of the Sidewalk Program major capital project. The projects and amounts are listed below:
State Street Sidewalk (10161):
$35,000 TID 32 Funding (10161-403-906)
$11,300 Reimbursement of Expenses (10161-403-750)
District 10 Sidewalk (10152):
$20,000 Special Assessments (10152-403-904)
District 20 Sidewalk (10155):
$50,000 Special Assessments (10155-403-904)
Citywide Requested Sidewalk (10157):
$61,000 Reimbursement of Expenses (10157-402-750)
$10,000 Special Assessments (10157-402-904)
$285,000 Reimbursement of Expenses (10157-403-750)
$13,000 Special Assessments (10157-403-904)
Title
Amending the 2015 Capital Budget for Engineering-Bicycle & Pedestrian to increase budget authority to recognize additional Special Assessments, TIF and Reimbursement of Expenses as funding sources for the various Sidewalk Program projects.
Body
WHEREAS, $395,000 of GO funding was not borrowed due to lower than expected City funded repair work; and
WHEREAS, several Sidewalk Program sub-projects will have non-GO funding sources that will come in over budget; and
WHEREAS, the budget authority in the State St Sidewalk Repair capital project (10161) is currently short $35,000 in TIF funding and $11,300 in Reimbursement of Expense (MG&E); and
WHEREAS, the budget authority in the District 10 Ordered Sidewalk (10152) and the District 20 Ordered Sidewalk (10155) projects are currently short $70,000 in Special Assessment funding; and
WHEREAS, the Citywide Requested Sidewalk project (10157), which does work for other City agencies as well as some assessable work, is currently short $23,000 in Special Assessment and $346,000 in Reimbursement of Expenses (from other City agencies); and
WHEREAS, in order to correct these budgetary issues, a budget amendment is necessary to increase the budget authority in recognition of these additional realized rev...
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