Item # 05 Approval to Transfer Funds for the Purpose of Constructing a Neighborhood Park ocoee
florida
AGENDA ITEM COVER SHEET
Meeting Date: December 5, 2017
Item # 5
Reviewed By:
Contact Name: Jeffrey Hayes Department Director:
Contact Number: 407-877-5803 City Manager: 4
Subject: Authorization to transfer funds for the purpose of constructing - neighborhood park.
Background Summary:
In 2016 the Parks and Recreation Department received notification from the Florida Department of
Environmental Protection (FDEP) that the City had been awarded a grant through the Florida Recreation
Development Assistance Program (FRDAP) to develop a neighborhood park on Montgomery Road. Since then
the FDEP had a delay in providing and reviewing the required documents and contracts associated with the
grant program, which subsequently delayed the development of the park in the 2016/2017 Fiscal Year.
The Parks and Recreation Department estimates the cost of this initial phase of construction for the park at
$123,000. The City has budgeted $50,000 in the current FY2017/18 budget; however, in order to move forward
with the development of the park site, the City will need to transfer the necessary funds, $75,000, to complete
the work under the requirements for the grant. Once the work has been completed, the City will then submit for
reimbursement from the FDEP in the amount of $50,000. Therefore, the Parks and Recreation Department is
requesting the City Commission approve a transfer of $75,000 identified for the Security Camera project to the
Montgomery Road Park project, both projects are within the Recreation Impact Fund (110-572-00-6204).
Issue:
Should the Honorable Mayor and City Commission authorize the transfer funds in the amount of $75,000 from
the Security Camera project to the Montgomery Road Park project, within the Recreation Impact Fund (110-
572-00-6204)?
Recommendations:
The Parks and Recreation Department recommends the Honorable Mayor and City Commission authorize the
transfer funds in the amount of $75,000 from the Security Camera project to the Montgomery Road Park
project, within the Recreation Impact Fund (110-572-00-6204).
Attachments:
None
Financial Impact:
This is a transfer of funds from one project to another project within the Recreation Impact Fund.
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
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. t/ N/A
Reviewed by 0 N/A
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