Bill Type and
Number: Ordinance 2007-542
Sponsor: Council President at the Request of the Mayor
Date of
Introduction: May 8, 2007
Committee(s)
of Reference: F; ECID
Date of
Analysis: May 10, 2007
Type of
Action: Appropriation/CIP Amendment
Bill Summary: This bill appropriates $161,286.16
($36,286.16 from the Equestrian Center of Jacksonville Capital Improvement
Trust Fund and $125,000 from a Cecil Field Trust Fund-Parks and Recreation
account) to provide funding for anticipated cost overruns for the Equestrian
Center Phase II project. Additionally,
the Five-year Capital Improvement Program is amended to increase the budget
required for completion of said project.
Background
Information: Information on file states that the funds
will be used to establish a contingency fund for Phase II of the project and
pay for anticipated cost overruns relative to the third barn.
Policy Impact
Area:
Fiscal Impact: $161,286.16 is appropriated by this ordinance
Analyst: