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FINANCE COMMITTEE
MINUTES OF THE REGULAR MEETING
September 18,2012
JOHN CRESCIMBENI, CHAIR
CHERYL L. BROWN, COUNCIL SECRETARY/DIRECTOR
MINUTES
OF THE REGULAR MEETING of the Council of the City of Jacksonville, held in
Council Chambers, City Hall,
Jacksonville, Florida, September 18,2012.
The meeting was called to order at 10:04 A.M. by Committee Chair John
Crescimbeni. The meeting adjourned at 12:51 P.M.
Members
in Attendance: Staff Attendance:
CM John Crescimbeni, Chair Jessica Stephens, Legislative Asst.
CM Greg Anderson, Vice Chair Kirk Sherman, Council Auditor
CM
Lori Boyer Janice Billy, Sr. Asst. Auditor
CM
Johnny Gaffney Jeff Clements, Chief of Research
CM
Bill Gulliford Peggy Sidman, General Counsel
CM Stephen Joost – Left 12:00 PM Steve
Rohan, General Counsel
CM
Clay Yarborough
Jessica Deal, Administration
Others in Attendance:
CM Schellenber
CM Lumb
CM Love
CM Carter
Jim Robinson (12-436 &
493)
Twane Duckworth (12-494)
Dwain Senterfitt (12-494)
Maxine Person (12-494)
Jeff Sheffield (12-510)
Elaine Spencer (12-537, 538,
539 & 540)
Kristina Nelson
Dr. White
Ronnie Belton
1.
2012-493 AN ORDINANCE
APPROPRIATING $326,804.13 FROM THE BANKING FUND - DEBT PROCEEDS ACCOUNT TO
PROVIDE FUNDING FOR THE HALDUMAR TERRACE ROAD RECONSTRUCTION PROJECT (THE
"PROJECT"), WHICH WILL REPROFILE THE ROAD AND INSTALL NEW CURBING SO
AS TO REDUCE STORMWATER RUNOFF AND THE FLOODING OF ADJACENT PROPERTIES, AS
INITIATED BY B.T. 12-072; PROVIDING FOR A CARRYOVER OF FUNDS TO FISCAL YEAR
2012-2013; AMENDING THE 2012-2016 FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM
APPROVED BY ORDINANCE 2011-406-E TO PROVIDE FUNDING FOR A NEW PROJECT ENTITLED
"HALDUMAR TERRACE" AND REDUCE FUNDING FOR THE PROJECT ENTITLED
"INTERSECTION IMPROVEMENTS, BRIDGES, MISCELLANEOUS CONSTRUCTION";
PROVIDING FOR CITY OVERSIGHT BY THE DEPARTMENT OF PUBLIC WORKS; PROVIDING AN
EFFECTIVE DATE; 8/21/2012
- Read 2nd & Rerefer
REPORT OF THE COMMITTEE ON
TRANSPORTATION, ENERGY & UTILITIES: September 04, 2012
Recommend to AMEND and APPROVE.
REPORT OF THE COMMITTEE ON
FINANCE: September 18, 2012
Recommend to AMEND and APPROVE.
AYES - Anderson, Boyer,
Crescimbeni, Gaffney, Gulliford, Joost, Yarborough, ( 7 )
_____________________
2.
2012-494 AN ORDINANCE
APPROPRIATING $2,716,289.90 FROM THE DEPARTMENT OF FINANCE RISK MANAGEMENT
SUBFUND 561 RETAINED EARNINGS ACCOUNT TO INCREASE THE CASE RESERVE EXPENSE IN
WORKERS' COMPENSATION IN ORDER TO ESTABLISH CASE RESERVES FOR THE REMAINDER OF
THE FISCAL YEAR, AS INITIATED BY B.T. 12-093; PROVIDING AN EFFECTIVE DATE; 8/21/2012 - Read 2nd & Rerefer
REPORT OF THE COMMITTEE ON
FINANCE: September 18, 2012
Recommend to APPROVE.
AYES - Anderson, Boyer,
Crescimbeni, Gaffney, Gulliford, Joost, Yarborough, ( 7 )
_____________________
3.
2012-510 AN ORDINANCE APPROVING
AND AUTHORIZING THE MAYOR, OR HIS DESIGNEE, CORPORATION SECRETARY, AND CITY
COUNCIL MEMBER(S) DESIGNATED TO THE NORTH FLORIDA TRANSPORTATION PLANNING
ORGANIZATION TO EXECUTE THE INTERLOCAL AGREEMENT FOR CREATION OF THE
METROPOLITAN PLANNING ORGANIZATION BETWEEN THE CITY OF JACKSONVILLE, THE
FLORIDA DEPARTMENT OF TRANSPORTATION, CLAY COUNTY, NASSAU COUNTY, ST. JOHNS
COUNTY, CITY OF ST. AUGUSTINE, JACKSONVILLE AVIATION AUTHORITY, JACKSONVILLE
PORT AUTHORITY, JACKSONVILLE TRANSPORTATION AUTHORITY, NASSAU COUNTY OCEAN
HIGHWAY AND PORT AUTHORITY, AND ST. AUGUSTINE - ST. JOHNS COUNTY AIRPORT
AUTHORITY; APPROVING AND AUTHORIZING THE MAYOR AND THE CORPORATION SECRETARY TO
EXECUTE AN INTERLOCAL AGREEMENT WITH THE NORTH FLORIDA TRANSPORTATION PLANNING
ORGANIZATION FOR THE FUNDING OF THE STUDY FOR THE FUTURE RAIL CORRIDOR - PHASE
2; PROVIDING AN EFFECTIVE DATE; 8/21/2012
- Read 2nd & Rerefer
REPORT OF THE COMMITTEE ON
TRANSPORTATION, ENERGY & UTILITIES: September 17, 2012
Recommend to APPROVE.
REPORT OF THE COMMITTEE ON
FINANCE: September 18, 2012
Recommend to APPROVE.
AYES - Anderson, Boyer,
Crescimbeni, Gaffney, Gulliford, Yarborough, ( 6 )
_____________________
4.
2012-531 AN ORDINANCE DIRECTING
EXTENSION OF THE TAX ROLLS FOR THE 2012 TAX YEAR PRIOR TO COMPLETION OF THE
VALUE ADJUSTMENT BOARD HEARINGS, AS AUTHORIZED BY SECTION 197.323, FLORIDA
STATUTES; PROVIDING AN EFFECTIVE DATE; 9/5/2012
- Read 2nd & Rerefer
REPORT OF THE COMMITTEE ON
FINANCE: September 18, 2012
Recommend to APPROVE.
AYES - Anderson, Boyer,
Crescimbeni, Gaffney, Gulliford, Yarborough, ( 6 )
_____________________
5.
2012-537 AN ORDINANCE CONCERNING
A CONTINUATION GRANT; APPROPRIATING HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS
("HOPWA") PROGRAM FUNDS IN THE AMOUNT OF $2,584,823 TO THE
JACKSONVILLE HOUSING AND COMMUNITY DEVELOPMENT COMMISSION FOR AUTHORIZING AND
FUNDING, PURSUANT TO ITS 2012-2013 UNIVERSAL APPLICATION CYCLE, ALL FOR THE
CITY OF JACKSONVILLE TO EXECUTE FEDERAL PROGRAM CONTRACTS AS APPLICABLE FOR THE
FOLLOWING: (1) $1,005,418 TO CATHOLIC CHARITIES BUREAU, INC. FOR MORTGAGE AND
UTILITIES ASSISTANCE, (2) $70,024 TO GATEWAY COMMUNITY SERVICES, INC. FOR THE
LINKING PEOPLE TO HOUSING PROGRAM, (3) $108,148 TO LUTHERAN SOCIAL SERVICES OF
NORTHEAST FLORIDA, INC. FOR ITS SHARED HOUSING PROGRAM, (4) $697,504 TO
NORTHEAST FLORIDA AIDS NETWORK, INC. FOR MORTGAGE AND UTILITIES ASSISTANCE, (5)
$216,822 TO NORTHEAST FLORIDA AIDS NETWORK, INC. FOR PERMANENT HOUSING (AIDS),
(6) $414,631 TO RIVER REGION HUMAN SERVICES, INC. FOR HOUSING WITH
COMPREHENSIVE SUPPORT, AND (7) $72,276 TO THE CITY'S HOUSING AND COMMUNITY
DEVELOPMENT DIVISION FOR ADMINISTRATIVE COSTS, ALL AS INITIATED BY B.T. 13-001;
PROVIDING FOR PURPOSE; PROVIDING A CARRYOVER OF FUNDS FROM YEAR TO YEAR UNTIL
SUCH FUNDS ARE EXPENDED OR LAPSE ACCORDING TO THE ORIGINATING STATE OR FEDERAL
PROGRAM GRANT; PROVIDING FOR FURTHER COUNCIL ACTION IF REVENUE DIFFERS;
PROVIDING FOR THE MAYOR AND CORPORATION SECRETARY TO EXECUTE AND DELIVER
DOCUMENTS RELATING TO THE AWARDS; APPROVING POSITIONS, AS INITIATED BY R.C.
13-001; PROVIDING AN EFFECTIVE DATE; 9/5/2012
- Read 2nd & Rerefer
REPORT OF THE COMMITTEE ON
FINANCE: September 18, 2012
Recommend to AMEND and APPROVE.
AYES - Anderson, Boyer,
Crescimbeni, Gaffney, Gulliford, ( 5 )
NAYS - Yarborough, ( 1 )
_____________________
6.
2012-538 AN ORDINANCE CONCERNING
A CONTINUATION GRANT; APPROPRIATING $2,278,025 IN HOME INVESTMENT PARTNERSHIP
("HOME") PROGRAM FUNDS FOR PROGRAM COSTS, AS INITIATED BY B.T.
13-002; PROVIDING FOR THE AWARD TO THE JACKSONVILLE HOUSING AND COMMUNITY
DEVELOPMENT COMMISSION FOR AUTHORIZING AND FUNDING, PURSUANT TO ITS 2012-2013
UNIVERSAL APPLICATION CYCLE, AND FOR THE CITY OF JACKSONVILLE TO EXECUTE
FEDERAL PROGRAM CONTRACTS FOR HOME PROGRAM FUNDS, AS APPLICABLE, FOR THE
FOLLOWING: (1) $113,901 FOR COMMUNITY HOUSING DEVELOPMENT ORGANIZATION OPERATING
COSTS ($32,500 TO GRACE AND TRUTH COMMUNITY DEVELOPMENT CORPORATION, $31,401 TO
NORTHWEST JACKSONVILLE COMMUNITY DEVELOPMENT CORPORATION, $30,000 TO OPERATION
NEW HOPE, INC., AND $20,000 TO WEALTH WATCHERS, INC.); (2) $341,704 TO THE
COMMUNITY HOUSING DEVELOPMENT ORGANIZATION'S DEVELOPMENT SUBSIDY POOL; (3)
$1,594,617 TO THE CITY HOUSING AND COMMUNITY DEVELOPMENT DIVISION'S HEADSTART
TO HOMEOWNERSHIP PROGRAM FOR DOWNPAYMENT ASSISTANCE PROGRAMS; AND (4) $227,803
TO THE CITY'S HOUSING AND COMMUNITY DEVELOPMENT DIVISION FOR ADMINISTRATIVE
COSTS; PROVIDING A CARRYOVER OF FUNDS FROM YEAR TO YEAR UNTIL SUCH FUNDS ARE
EXPENDED OR LAPSE ACCORDING TO THE ORIGINATING STATE OR FEDERAL PROGRAM GRANT;
PROVIDING FOR FURTHER COUNCIL ACTION IF REVENUE DIFFERS; PROVIDING FOR THE
MAYOR AND CORPORATION SECRETARY TO EXECUTE AND DELIVER DOCUMENTS RELATING TO
THE AWARDS; APPROVING POSITIONS, AS INITIATED BY R.C. 13-002; PROVIDING AN
EFFECTIVE DATE; 9/5/2012
- Read 2nd & Rerefer
REPORT OF THE COMMITTEE ON
FINANCE: September 18, 2012
Recommend to AMEND and APPROVE.
AYES - Anderson, Boyer,
Crescimbeni, Gaffney, Gulliford, ( 5 )
NAYS - Yarborough, ( 1 )
_____________________
2ND READINGS
7.
2012-549 AN ORDINANCE APPROVING,
AND AUTHORIZING THE MAYOR, OR HIS DESIGNEE, AND THE CORPORATION SECRETARY TO
EXECUTE AND DELIVER, FOR AND ON BEHALF OF THE CITY, THE SECOND AMENDMENT TO
LEASE AGREEMENT BETWEEN THE CITY OF JACKSONVILLE AND CULTURAL COUNCIL OF
GREATER JACKSONVILLE, INC. FOR 1,864 SQUARE FEET OF SPACE ON THE SECOND FLOOR
OF THE TIMES UNION PERFORMING ARTS CENTER BUILDING AT 300 WEST WATER STREET,
SUCH AMENDMENT EXTENDING THE TERM OF THE LEASE FOR 10 YEARS, WITH THE OPTION TO
RENEW FOR ONE (1) ADDITIONAL FIVE-YEAR PERIOD, AT AN INITIAL RENTAL RATE OF
$12.34 PER SQUARE FOOT AND PROVIDING FOR A THREE PERCENT (3%) ANNUAL ESCALATION
IN THE RENTAL RATE OVER THE 10-YEAR TERM; PROVIDING AN EFFECTIVE DATE
_____________________
8.
2012-550 AN ORDINANCE CONCERNING
A CONTINUATION GRANT; APPROPRIATING $300,000 ($240,000 IN DOWNPAYMENT
ASSISTANCE FUNDING AND $60,000 IN HOMEOWNER REHABILITATION FUNDING) TO THE
HOMEOWNER COUNSELING PROGRAM, WHICH, BECAUSE OF FEDERAL GRANT RESTRICTIONS, HAS
LIMITED ELIGIBILITY FROM OTHER SOURCES, AS INITIATED BY B.T. 12-095; PROVIDING
A CARRYOVER OF FUNDS FROM YEAR TO YEAR UNTIL SUCH FUNDS ARE EXPENDED OR LAPSE
ACCORDING TO THE ORIGINATING STATE OR FEDERAL PROGRAM GRANT; AUTHORIZING
HOUSING COUNSELING CONTRACTS WITH (1) COMMUNITY HOMEOWNERSHIP CENTER, INC. IN
THE AMOUNT OF $65,000, (2) FAMILY FOUNDATIONS OF NORTHEAST FLORIDA, INC. IN THE
AMOUNT OF $100,000, (3) HABITAT FOR HUMANITY OF JACKSONVILLE, INC. IN THE
AMOUNT OF $30,0000, (4) JACKSONVILLE URBAN LEAGUE, INC. IN THE AMOUNT OF
$30,000, AND, (5) WEALTH WATCHERS, INC. IN THE AMOUNT OF $75,000; AUTHORIZING
THE MAYOR, OR HIS DESIGNEE, AND CORPORATION SECRETARY TO EXECUTE AND DELIVER
HOUSING COUNSELING CONTRACTS AND DOCUMENTS AND TAKE FURTHER ACTION TO
EFFECTUATE THE PURPOSE OF THIS ORDINANCE; PROVIDING AN EFFECTIVE DATE
_____________________
9.
2012-551 AN ORDINANCE CONCERNING
A CONTINUATION GRANT; REVERSING THE POSTING OF T.D. 12-179 AT THE REQUEST OF
THE OFFICE OF GENERAL COUNSEL; APPROPRIATING $6,320 BY TRANSFERRING AN UNUSED
BALANCE IN THAT AMOUNT FROM DANIEL MEMORIAL'S ROOFING AT SOUTHPOINT PROJECT TO
ITS NORTON HOUSING FAMILY VISITATION ENCLOSURE PROJECT AT ITS REQUEST, AS
INITIATED BY B.T. 12-098; PROVIDING A CARRYOVER OF FUNDS FROM YEAR TO YEAR
UNTIL SUCH FUNDS ARE EXPENDED OR LAPSE ACCORDING TO THE ORIGINATING STATE OR
FEDERAL PROGRAM GRANT; PROVIDING AN EFFECTIVE DATE
_____________________
10.
2012-552 AN ORDINANCE
APPROPRIATING $3,750 FROM THE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO
ANIMALS TO COVER THE COSTS OF AN ANIMAL CRUELTY WORKSHOP WHICH WILL DEAL WITH
TOPICS SUCH AS ANIMAL CRUELTY INVESTIGATIONS, LARGE SCALE SEIZURES, ANIMALS AS
EVIDENCE, ENSURING THE SAFETY AND HANDLING OF ANIMALS, AND FLORIDA'S BLOOD
SPORT LAWS AND ANIMAL CRUELTY LAWS, AS INITIATED BY B.T. 12-099; PROVIDING AN
EFFECTIVE DATE
_____________________
11.
2012-553 AN ORDINANCE APPROVING,
AND AUTHORIZING THE MAYOR, OR HIS DESIGNEE, AND CORPORATION SECRETARY TO
EXECUTE AND DELIVER, FOR AND ON BEHALF OF THE CITY, THE CONSTRUCTION AND
MAINTENANCE AGREEMENT BETWEEN THE CITY OF JACKSONVILLE (THE "CITY")
AND THE FLORIDA DEPARTMENT OF TRANSPORTATION ("FDOT") ALLOWING FDOT
TO UNDERTAKE IMPROVEMENTS TO SR 13 (HENDRICKS AVENUE) FROM ARBOR LANE TO
LASALLE STREET FOR THE LANDON MIDDLE SCHOOL SAFE ROUTES TO SCHOOL PROJECT (THE
"PROJECT"), INCLUDING, BUT NOT LIMITED TO, SIDEWALKS, CROSSWALKS,
SIGNALS, SIGNING AND PAVEMENT MARKINGS, TO FACILITATE SATISFACTORY COMPLETION
OF THE PROJECT, FOLLOWING COMPLETION OF WHICH THE CITY SHALL OWN, OPERATE,
MAINTAIN AND REPAIR THE IMPROVEMENTS; PROVIDING AN EFFECTIVE DATE
_____________________
12.
2012-566 AN ORDINANCE MAKING
CERTAIN FINDINGS, AND APPROVING AND AUTHORIZING THE EXECUTION OF A
REDEVELOPMENT AGREEMENT BETWEEN THE CITY OF JACKSONVILLE ("CITY") AND
JACKSONVILLE LIME, LLC ("COMPANY"), TO SUPPORT THE DEVELOPMENT OF A
LIME MANUFACTURING FACILITY IN JACKSONVILLE, FLORIDA (THE "PROJECT");
RECOMMENDING THAT THE COMPANY BE APPROVED BY THE STATE OF FLORIDA'S DEPARTMENT
OF ECONOMIC OPPORTUNITY AS A BROWNFIELD BUSINESS, PURSUANT TO SECTIONS
288.106-107, FLORIDA STATUTES; EVIDENCING A COMMITMENT OF CITY SUPPORT IN AN
AMOUNT NOT TO EXCEED $11,000 AS THE LOCAL FINANCIAL SUPPORT UNDER THE
BROWNFIELD REDEVELOPMENT BONUS PROGRAM PAYABLE OVER MULTIPLE YEARS PER
GUIDELINES SET BY THE STATE DEPARTMENT OF ECONOMIC OPPORTUNITY, WITH A STATE
MATCH OF $44,000, FOR A TOTAL CITY AND STATE REFUND AMOUNT OF $55,000 FOR 22
JOBS; AUTHORIZING A RECAPTURE ENHANCED VALUE (REV) GRANT OF $1,136,000; APPROVING
AND AUTHORIZING EXECUTION OF DOCUMENTS BY THE MAYOR, CORPORATION SECRETARY AND
EXECUTIVE DIRECTOR OF THE OED; AUTHORIZING APPROVAL OF TECHNICAL AMENDMENTS BY
THE EXECUTIVE DIRECTOR OF THE OED; PROVIDING FOR CITY OVERSIGHT BY THE OED;
TIMELINE FOR EXECUTION OF AGREEMENT BY THE COMPANY; AFFIRMING THE PROJECT'S
COMPLIANCE WITH THE PUBLIC INVESTMENT POLICY ADOPTED BY RESOLUTION 2006-119-A;
PROVIDING AN EFFECTIVE DATE
_____________________
13.
2012-567 AN ORDINANCE CONCERNING
THE FISCAL YEAR 2010-2011 JACKSONVILLE TRANSPORTATION AUTHORITY (JTA) BUDGET;
AMENDING ORDINANCE 2010-557-E (THE CITY OF JACKSONVILLE BUDGET ORDINANCE) BY
AMENDING THE JTA REVISED BUDGET SCHEDULES O & P AND SCHEDULES Q & R;
ATTACHING AND INCORPORATING SECOND REVISED SCHEDULES O & P AND REVISED
SCHEDULES Q & R; PROVIDING AN EFFECTIVE DATE
_____________________
14.
2012-568 AN ORDINANCE APPROVING,
AND AUTHORIZING THE MAYOR AND CORPORATION SECRETARY TO EXECUTE AND DELIVER, THE
FIRST AMENDMENT TO THE AMENDED AND RESTATED AGREEMENT BETWEEN DUVAL COUNTY
FAIR, INC. D/B/A GREATER JACKSONVILLE AGRICULTURAL FAIR (FAIR) AND THE CITY OF
JACKSONVILLE, AS APPROVED BY RESOLUTION 2003-491-A, TO AVOID CONFLICTS BETWEEN
THE ANNUAL FAIR DATES AND THE ANNUAL FLORIDA/GEORGIA COLLEGE FOOTBALL GAME
DATES IN 2013 AND 2014; PROVIDING FOR COMPENSATION OF FAIR EXPENSES RELATED TO
MOVING THE ANNUAL FAIR DATES IN 2013 (NOT TO EXCEED $200,000) AND 2014 (NOT TO
EXCEED $220,000); PROVIDING FOR STAGING AND STORAGE SPACE DURING THE DELAY
PERIODS IN 2013 AND 2014; PROVIDING AN EFFECTIVE DATE
_____________________
15.
2012-569 AN ORDINANCE MAKING
CERTAIN FINDINGS, AND APPROVING AND AUTHORIZING THE EXECUTION OF AN ECONOMIC
DEVELOPMENT AGREEMENT BETWEEN THE CITY OF JACKSONVILLE ("CITY") AND
ADVANCED DISPOSAL SERVICES, INC. ("COMPANY"), TO SUPPORT THE
EXPANSION OF THE COMPANY'S HEADQUARTERS OPERATIONS IN JACKSONVILLE, FLORIDA
(THE "PROJECT"); RECOMMENDING THAT THE COMPANY BE APPROVED BY THE
STATE OF FLORIDA'S DEPARTMENT OF ECONOMIC OPPORTUNITY AS A QUALIFIED TARGET
INDUSTRY ("QTI") BUSINESS WITH A HIGH IMPACT SECTOR BONUS, PURSUANT
TO SECTIONS 288.106-108, FLORIDA STATUTES; EVIDENCING A COMMITMENT OF CITY
SUPPORT IN AN AMOUNT NOT TO EXCEED $119,000 AS THE LOCAL FINANCIAL SUPPORT
UNDER THE QUALIFIED TARGET INDUSTRY TAX REFUND PROGRAM PAYABLE OVER MULTIPLE
YEARS PER GUIDELINES SET BY THE STATE DEPARTMENT OF ECONOMIC OPPORTUNITY, WITH
A STATE MATCH OF $476,000 (INCLUDING A HIGH IMPACT SECTOR BONUS OF $2,000 PER
JOB,), FOR A TOTAL CITY AND STATE QTI AMOUNT OF $595,000 FOR 85 JOBS;
AUTHORIZING A RECAPTURE ENHANCED VALUE (REV) GRANT OF $100,000; APPROVING AND
AUTHORIZING EXECUTION OF DOCUMENTS BY THE MAYOR AND CORPORATION SECRETARY;
AUTHORIZING APPROVAL OF TECHNICAL AMENDMENTS BY THE EXECUTIVE DIRECTOR OF THE
OED; PROVIDING FOR CITY OVERSIGHT BY THE OED; TIMELINE FOR EXECUTION OF
AGREEMENT BY THE COMPANY; WAIVER OF THAT PORTION OF THE PUBLIC INVESTMENT
POLICY ADOPTED BY RESOLUTION 2006-119-A WHICH WOULD REQUIRE THAT IN ORDER FOR A
PROJECT TO RECEIVE A REV GRANT FOR A 5-YEAR PERIOD, THE PROJECT MUST ACHIEVE
CERTAIN MINIMUM SCORES ON THE OED'S PROJECT EVALUATION MATRIX AND LOCATION
SCORE; PROVIDING AN EFFECTIVE DATE
_____________________
16. 2012-436 AN ORDINANCE APPROPRIATING $86,250 FROM THE
BANKING FUND - LOAN PROCEEDS ACCOUNT TO PROVIDE FUNDING FOR THE YACHT CLUB ROAD
- PIRATES COVE ROAD IMPROVEMENT PROJECT (THE "PROJECT"), AN EFFORT TO
REDUCE, IF NOT ELIMINATE, BOTH THE USE OF PIRATES COVE ROAD, A RESIDENTIAL
STREET, AS A HIGH-SPEED SHORTCUT ACCESS TO ROOSEVELT BOULEVARD FROM YACHT CLUB
ROAD, AND ALSO THE ADDITIONAL TRAFFIC DISRUPTIONS IN THE NEIGHBORHOOD, AS
INITIATED BY B.T. 12-077; PROVIDING FOR A CARRYOVER OF FUNDS TO FISCAL YEAR
2012-2013; AMENDING THE 2012-2016 FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM
APPROVED BY ORDINANCE 2011-406-E TO PROVIDE FUNDING FOR A NEW PROJECT ENTITLED
"YACHT CLUB ROAD - PIRATES COVE ROAD IMPROVEMENT" AND REDUCE FUNDING
FOR THE PROJECT ENTITLED "INTERSECTION IMPROVEMENTS, BRIDGES,
MISCELLANEOUS CONSTRUCTION"; PROVIDING FOR CITY OVERSIGHT BY THE
DEPARTMENT OF PUBLIC WORKS; PROVIDING AN EFFECTIVE DATE; 8/7/2012 - Read 2nd & Rerefer
REPORT OF THE COMMITTEE ON
TRANSPORTATION, ENERGY & UTILITIES: August 20, 2012
Recommend to AMEND and APPROVE.
REPORT OF THE COMMITTEE ON
FINANCE: September 18, 2012
Recommend to WITHDRAW.
AYES - Anderson, Boyer,
Crescimbeni, Gaffney, Gulliford, Joost, Yarborough, ( 7 )
_____________________