Fiscal Note
The proposed resolution amends the adopted 2017 capital budget for Engineering Major Streets by appropriating $161,250 of TID #25 funding and $150,000 of Sewer Utility Reserves to the 2017 Wilson Street - Hamilton to MLK capital project (MUNIS 11459) to encompass additional work on South Hamilton Street. This project is planned in the adopted 2017 capital budget to replace the existing concrete.
The appropriation will be distributed as follows:
W. Wilson St. (MUNIS 11459)
|
Agency |
Amount |
Funding |
|
Engineering - Major Streets |
$161,250 |
TID 25 |
|
Sewer Utility |
$150,000 |
Sewer Utility Reserves |
MUNIS:
11459-402-170 $161,250
11459-402-906-014225 ($161,250)
11459-83-173 $150,000
11459-83-806 ($150,000)
Title
Amending the 2017 Capital Budgets of Engineering-Major Streets and Sewer Utility to add $161,250 of TID 25 funding and $150,000 of Sewer Utility Reserves funding to the Wilson Street (Hamilton-MLK) capital project.
Body
WHEREAS TID 25 (West Wilson Street Corridor) is projected to close to expenditures at the end of 2017; and
WHEREAS the West Wilson Street project is currently in the adopted Capital Improvement Plan (CIP) planned for years 2017 for contracting purposes; and
WHEREAS the 100 Block of South Hamilton Street is within the TID 25 Boundary and the pavement, sanitary sewer and water main is in poor condition and should be included in the W Wilson Street Project; and
NOW, THEREFORE, BE IT RESOLVED that the 2017 Major Streets Capital Budget is hereby amended to include an additional $161,250 in TID 25 funding to the Wilson Steet - Hamilton to MLK capital project (MUNIS 11459); and
BE IT FURTHER RESOLVED that the 2017 Sewer Utility Capital Budget is hereby amended to appropriate an additional $150,000 in Sewer Utility Reserves funding to the Wilson Steet - Hamilton to MLK capital project (MUNIS 11459); for the additional work in the project scope.