Fiscal Note
This resolution amends Facilities Management’s City-County Building Improvements Capital Project to increase the budget authority of this project by $121,530, funded by a transfer of funds from the Administrative Offices capital project. No additional General Obligation Debt is required.
The budget amendment needed is as follows:
CB53-58401-810621 $121,530
CB53-79446-810621 ($121,530)
CB33-57446-810499 $121,530
CB33-58430-810499 ($121,530)
The funds transfer entry needed is as follows:
CB33-57446-810499 $121,530
CB53-79446-810621 ($121,530)
Title
Amending the 2010 Capital Budget of Facilities Management to fund additional costs for City-County Building capital improvements through a transfer of available funds from the Administrative Offices capital project.
Body
WHEREAS the City of Madison and Dane County jointly own and operate the City County Building; and
WHEREAS the current governing agreement specifies that the City’s proportionate share of operation, maintenance and repair of the building and grounds shall be 39.4%; and
WHEREAS Dane County has received Federal Funds which, when coupled with the City’s 39.4% cost share, allow for more capital projects to be completed in 2010 than were anticipated when the 2010 Capital Budget was adopted; and
WHEREAS these capital projects include (City share):
Roof Repair $286,000
Elevator Upgrade $76,200
Jail Roof/Recreation Area $58,700
Garage Ventilation Improvement $28,400
Variable Drives Upgrade $21,100
Chiller Heat Recovery $11,700
WHEREAS Facilities Management’s City-County Building Improvements Capital Project (810621) currently has $130,370 in available funds and $230,200 of additional funding included in the 2010 Capital Budget, for a total of $360,570; and
WHEREAS the City’s share of the 2010 planned CCB projects total $482,100 leaving a deficit of $121,530; and
WHEREAS Facilities Management’s Administrative Offices Capital Project (810499) has funding avai...
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