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HomeMy WebLinkAboutItem 03 Consideration of Additional Funds for New City Fuel Station type center of Good Lig AGENDA ITEM COVER SHEET Meeting Date: June 21, 2005 Item # 3 Reviewed By: Contact Name: Bob Zaitooni Department Director: ec--- Contact Number: 6002 City Manager: Subject: Additional Funds for the New City Fuel Station Background Summary: The new fuel station at 301 Maguire Road was funded in the current fiscal year at $75,000 contingent upon and from the proceeds from the sale of the property at 370 Enterprise Street. All funds budgeted for the fuel station have been expended, however, an additional $3,000 is needed to provide temporary power service to the station until such time that Progress Energy can provide the permanent service for the entire complex. Funds will be used to purchase electrical supplies to be installed by in-house personnel. Issue: Consider and approve transfer of $3,000 from budgeted line item for the building construction ($475,000) at Public Works(Account# 001-516-6302). Recommendations City Commission to consider and approve transfer of an additional $3,000 from the budgeted line item for the building construction($475,000)at Public Works(Account# 001-516-6302)for the purchase of electrical supplies. Attachments: None Financial Impact: The funds are available from the General Fund Account Number 001-516-6302, line items for the construction of the Public Works Buildings at$475,000 contingent upon the sale of City property at 370 Enterprise Street. Type of Item: ❑ Public Hearing For Clerk's Dept Use: O Ordinance First Reading ® Consent Agenda ❑ Ordinance First Reading 0 Public Hearing ❑ Resolution 0 Regular Agenda ❑ Commission Approval ❑ Discussion&Direction 0 Original Document/Contract Attached for Execution by City Clerk ❑ Original Document/Contract Held by Department for Execution Reviewed by City Attorney ® N/A Reviewed by Finance Dept. L/13w S ❑ N/A Reviewed by ( ) ❑ N/A Mayor Cater of Good Lfy Commissioners S. Scott Vander `�� grift :-,..,.�1"�-.,,� _ Danny Howell, District 1 s Scott Anderson, District 2 City Manager _'' Rusty Johnson, District 3 Robert Frank c-__ Nancy J. Parker, District 4 STAFF REPORT TO: The Honorable Mayor and City Commissioners FROM: Bob Zaitooni,Director of Public Works DATE: May 24,2005 RE: Fuel Station Temporary Power ISSUE Should the Honorable Mayor and City Commission approve transfer of$3,000 from the budgeted funds for the construction of Public Works building to purchase electrical supplies for temporary power for the new fuel station? BACKGROUND/DISCUSSION The new fuel station at 301 Maguire Road was funded in the current fiscal year at $75,000 contingent upon and from the proceeds from the sale of the property at 370 Enterprise Street. All funds budgeted for the fuel station have been expended, however, an additional $3,000 is needed to provide temporary power service to the station until such time that Progress Energy can provide the permanent service for the entire complex. Funds will be used to purchase electrical supplies to be installed by in-house personnel. The funds are available from General Funds Capital Outlay, Account 001-516-6302, line items for the construction of Public Works building contingent upon sale of City property at 370 Enterprise Street. RECOMMENDATION Staff respectfully requests that the Honorable Mayor and City Commission to approve transfer of an additional $3,000 from the budgeted funds for the construction of Public Works building to purchase electrical supplies for temporary power for the new fuel station.