HomeMy WebLinkAboutItem 06 Approval of Capital Appropriations Reallocation `&010,'
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AGENDA ITEM COVER SHEET
Meeting Date: April 20, 2021
Item # (p
Reviewed By:
Contact Name: Rebecca Roberts Department Director: Rebecca Rose vI
Contact Number: 1520 City Manager:
Subject: Capital Appropriations Reallocation
Background Summary:
The City Commission allocated a portion of the Capital Improvement Bond funds to the Taylor/Kissimmee road
project and segment three of the Trail Connector. These projects no longer require funding from the bond
proceeds and will be combined with phase III downtown projects after FDOT and other associated greenways
and trails grants are further determined. Therefore, we request the City Commission reallocate those funds to the
McKey St/Bluford to Lakewood ($442,521) and Oakland Ave Phase II ($490,814) projects, which are also
projects on the City's bond projects list.
Proposed Reallocation of Bond Funding
Project Description I Capital Improvement Bond
j McKey St.: Bluford to Lakewood j 442,521_00
;Oakland Phase II:Taylor to Bluford. j 490,814.00 i
!Taylor/Kissimmee:Ohio to Franklin. # (811000.00),
Trail Connector Segment 3 i (122,335.00)1
Issue:
Should the City Commission approve reallocating $933,335 from the Taylor/Kissimmee and Trail
Connector projects to the McKey St./Bluford to Lakewood and Oakland Ave Phase II projects?
Recommendations:
Staff recommends the City Commission approve reallocating $933,335 from the Taylor/Kissimmee and
Trail Connector projects to the McKey St./Bluford to Lakewood and Oakland Ave Phase II projects?
Attachments:
None
Financial Impact:
There is no financial impact from this proposed reallocation.
Type of Item: (please mark with an x')
Public Hearing For Clerk's Dept Use:
Ordinance First Reading Consent Agenda
Ordinance Second Reading Public Hearing
Resolution Regular Agenda
X Commission Approval
Discussion& Direction
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. Z.p\r". N/A
Review ed by ( ) N/A
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