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File #: 34515    Version: 1 Name: 2014 Capital Budget Amendment - Grocery Feasibility Study
Type: Resolution Status: Passed
File created: 6/19/2014 In control: BOARD OF ESTIMATES (ended 4/2017)
On agenda: 7/15/2014 Final action: 7/15/2014
Enactment date: 7/16/2014 Enactment #: RES-14-00537
Title: Amending the 2014 Department of Planning & Community & Economic Development Capital Budget by $10,000 for completion of a Southside Grocery Store Feasibility Study.
Sponsors: John Strasser, Lucas Dailey
Fiscal Note
The Resolution will amend the 2014 adopted capital budget of the Planning and Community and Economic Development agency (PCED) to create a new project ("Southside Grocery Store Feasibility Study, Acc't No. 810805) and to authorize General Obligation borrowing of $10,000. The 2014 adopted PCED capital budget will be amended as follows:

CD21-58015-810848 $10,000 Increase Consultant Expenditures
CD21-79140-810805 ($10,000) Increase General Fund Borrowing

It should be noted that the proposed activity is more efficiently funded as an operating budget item, so Council may wish to consider funding alternatives (such as an appropriation from the Contingent Reserve or the use of Preliminary Planning funds, for which an appropriation of $90,000 is authorized as part of the operating budget of the Office of the Director of Planning and Development).
Title
Amending the 2014 Department of Planning & Community & Economic Development Capital Budget by $10,000 for completion of a Southside Grocery Store Feasibility Study.
Body
WHEREAS, significant public and private investment has been made within the Southside over the past several years; and,

WHEREAS, many within the Southside community do not believe that the Southside is well-served by current grocery stores, and would like to see an additional grocery store within the Southside; and,

WHEREAS, a Grocery Store Feasibility Study (“Study”) is a good way to gauge whether or not the market demand exists for a new grocery store within the Southside; and,

WHEREAS, such Study can help define the type, size, and location of a grocery store that could be successful within the Southside.

NOW THEREFORE BE IT RESOLVED that the Common Council amends the 2014 Department of Planning & Community & Economic Development budget by $10,000 to complete a Southside Grocery Store Feasibility Study (“Study”); and,

BE IT FURTHER RESOLVED that said Study should consider the supply and demand for grocery items within...

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