Bill Type and Number: Ordinance 2006-1214

Sponsor: Council President at the request of the Mayor

Date of Introduction: October 24, 2006

Committee(s) of Reference: F, TEUS, R, A

Date of Analysis: October 27, 2006

Type of Action: Appropriation

Bill Summary: The bill appropriates $24,930,575.35 from 21 drainage project accounts and reallocates the same to 15 other project accounts, which are nearly ready to start constructing, within a newly-established Drainage Bond Program Contingency Fund Account. The bill also amends the 2006-2011 Capital Improvement Program and establishes a Drainage Bond Program Contingency Fund Account.

Background Information: Construction costs have increased considerably in the past two or so years that the projects have been in the design stage.

Policy Impact Area: Drainage infrastructure

Fiscal Impact: The bill appropriates $24,930,575.35

Analyst: Weiss