Fiscal Note
The New Far West Branch Library project (810488) has a balance of $8,000, which is available for transfer to the Sequoya Branch project (810428).
Title
Amending the 2008 Library Capital Budget to transfer $8,000 from the New Far West Branch Library project to the Sequoya Branch Expansion project.
Body
In 2004, the City borrowed $225,000 to purchase land for a new Far West Branch Library. No land has been purchased, and $217,000 was disbursed in 2006 as follows in order to meet federal arbitrage requirements: $89,400 to Pinney Branch Improvements, $57,600 to Monroe Street Branch Improvements, and $70,000 to the Debt Service Fund. The 2008 Executive Capital Budget included reauthorization of funding to purchase land for a New Far West Branch Library, but the funding was removed by a Board of Estimates budget amendment. Therefore, the 2008 Adopted Capital Budget includes no funding for this project, but the project has a balance remaining of $8,000.
WHEREAS, the New Far West Branch Library project (810488) has been eliminated from the Capital Budget, but the project has a balance of $8,000; and
WHEREAS, the Madison Public Library is committed to the City's guidelines for energy savings and sustainability and has determined that the current Sequoya Branch project (810428) will meet or exceed the guidelines; and
WHEREAS, the Library would like to set up a copy center at the new Sequoya Branch that will meet the Administrative Procedure Memorandum requirements for "green" printing procedures; and
WHEREAS, the Library would purchase a network connected copier and an adjoining paper storage and printing supplies cabinet in order to enable library users to order their printed copies directly from a separate copy center, thus saving energy, cartridges and staff time needed to support and troubleshoot individual printers and print jobs.
NOW, THEREFORE, BE IT RESOLVED, that $8,000 is transferred from the Far West Branch Library project to the Sequo...
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