Bill Type and
Number: Ordinance 2007-554
Sponsor: Council Member Jenkins
Date of
Introduction: May 8, 2007
Committee(s)
of Reference: F; TEUS
Date of
Analysis: May 10, 2007
Type of
Action: Appropriation/CIP Amendment
Bill Summary: This bill appropriates $450,926.10
($33,060.00 from the Tree Protection and Related Expenses Trust Fund and
$417,866.10 from a Council District 4 Capital Projects (ETR, 2004) account to
provide additional funding at St. Nicholas Town Center. Provision is made for the carryover of
appropriated funds into the 2007-2008 fiscal year. Funds not used for the St. Nicholas Town
Center Landscaping project within the 2006-2007 fiscal year are required to
revert to the source of origin, which is District 4 bond funds (please see note
below). The Five-year Capital
Improvement Program is amended to authorize the St. Nicholas Town Center
project. It is requested that the Mayor
appoint the Dept. of Public Works to insure compliance with any agreement and
all other appropriate laws.
NOTE:
The carryover and reverter provisions need to be reconciled.
Policy Impact
Area: Trees and Landscaping; Community
Redevelopment; Council District Bond Funds
Fiscal Impact: $450,926.10 is appropriated by this ordinance
Analyst: