Title
Approval of Appropriation Ordinance in the Amount of $100,000 Transferring Funds from the Community Park Impact Fee Account to the Capital Improvement Fund
City Manager Recommendation:
Move to approve on second reading an Ordinance Appropriating $100,000 from the Community Park Impact Fee Account to the Capital Improvement Fund.
Report
Issue:
Determine whether to approve an Appropriation Ordinance in the amount of $100,000.
Staff Contact:
Kip Summers, Project Engineer, Parks, Arts and Recreation, 360.570.5834
Presenter(s):
None. This is a Consent Agenda item.
Background and Analysis:
The background and analysis have not changed from first to second reading.
The City has twice bid the Percival Landing F-Float project and received bids higher than initially expected. Additional funding is necessary to award the bid for F-Float replacement project. The project can be fully funded by using General Capital Improvement Funds currently appropriated for the Artesian Commons Project, and replacing that $100,000 for the Artesian Project with Community Park Impact Fees.
Community Park Impact Fees cannot be used for repairs (F-Float project), as they must be expended to increase recreational capacity (Artesian project). General Capital Improvement Funds can be used for either.
Neighborhood/Community Interests (if known):
None.
Options:
Option 1: Move to approve on second reading an Ordinance Appropriating $100,000 from the Community Park Impact Fee Account to the Capital Improvement Fund.
* Will add $100,000 to the F-Float project and maintain existing funding level for the Artesian Commons project.
Option 2: Do not approve the Appropriation Ordinance in the amount of $100,000 to allow General Capital Improvement Funds in the Artesian Commons project to be used for Percival Landing F-Float.
* Will not have enough money to award a bid for the F-Float project.
Financial Impact:
This recommendation is basically a tran...
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