Fiscal Note
The proposed resolution amends the Community Development Authority Redevelopment (CDA) 2023 Adopted Operating Budget to finance a change order of $281,115.60 to the Triangle Redevelopment Master plan from currently held Redevelopment reserves. No additional City appropriation is required.
Title
Amending the Community Development Authority (CDA) 2023 Adopted Operating Budget to finance a change order of $281,115.60 to the Triangle Redevelopment Master plan from currently held Redevelopment reserves (District 13)
Body
WHEREAS, a change order has been presented by New Year Investments to the Triangle Redevelopment Master Plan; and
WHEREAS, the CDA Redevelopment has adequate reserves to finance the needed change order; and
WHEREAS, the Triangle Redevelopment is contingent on the completion of this planning stage in order to submit the WHEDA Tax Credit Application by 12/31/2023; and
WHEREAS, the CDA Redevelopment current budget lacks the authority to fund the above change order.
NOW, THEREFORE BE IT RESOLVED that the CDA Redevelopment 2023 Adopted Operating Budget is amended to finance the $281,115.60 change order from currently held reserves.