Title
Amending the 2008 Capital Budgets for Engineering-Major Streets, Sewer Utility, Stormwater Utility and Water Utility for Infrastructure Expenditures and Establishing Community Development Authority (CDA) Budget Authority for Demolition Expenditures Related to the Allied Terrace Redevelopment. (10th AD)
Body
PREAMBLE
The 2008 Adopted Capital Budget of Planning and Community and Economic Development included a project (TID 29-Allied Terrace) intended to be used for the infrastructure improvements and demolition costs related to the Allied Terrace redelopment. The infrastructure work to be undertaken will lead to assets for the Street Network, Sanitary Sewer Plant, Stormwater Plant and Water Utility Plant and therefore needs to be included in the Capital Budgets of Engineering-Major Streets, Sewer Utility, Stormwater Utility and Water Utility. The demolition of the existing buildings will increase the land value of the land recently transferred to the CDA in RES-08-00057 and is therefore an expense of the Community Development Authority (CDA).
NOW THEREFORE, BE IT RESOLVED, that the 2008 Capital Budget of Engineering-Major Streets shall be amended as follows:
CS53-58250-810608 (Street Construction) $942,000
CS53-58270-810608 (Stormwater Inlets) $42,000
CS53-58545-810608 (Street Lighting) $37,000
CS53-79448-810608 (Transfer from TIF) ($1,021,000)
BE IT FURTHER RESOLVED, that the 2008 Capital Budget of the Sewer Utility shall be amended as follows:
ES01-58275-810608 (Sanitary Sewers) $165,000
ES01-79448-810608 (Transfer from TIF) ($165,000)
BE IT STILL FURTHER RESOLVED, that the 2008 Capital Budget of the Stormwater Utility shall be amended as follows:
ESTM-58270-810608 (Stormwater) $160,000
ESTM-79448-810608 (Transfer from TIF) ($160,000)
BE IT STILL FURTHER RESOLVED, that the 2008 Capital Budget of the Water Utility shall be amended as follows:
EW01-58273-810608 (Water Mains) $74,000
EW01-79448-810608 (Transfer from TIF)...
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