Title
Second Reading and Action on Ordinance 21-029, an Ordinance Authorizing Supplemental Appropriation No. 4 to the 2021 Budget.
Body
Summary:
Part 1: Transfer of $1.4 million from the City Council Priority Projects Fund (CCPPF) to the Capital Improvements Fund for facility repairs identified in the McKinstry Study performed in 2019.
Part 2: Transfer of $11,863.74 from the General Fund reserves to close the Marketplace Capital Project Fund.
Part 3: Transfer a total of $3.0 million from the General Fund Economic Development Reserves, Special Assessments Fund, and Storm Drainage Fund to the 15th & 7th Streets Capital Project Fund (TIF 10) for engineering and construction expenditures.
Part 4: Transfer of $522,200 from the CCPPF to fund the first two steps in the renovation or rebuild of the Public Safety Center.
Part 5: Allocate $41,000 from the Capital Sinking Fund to address deficiencies in the City’s tool supply for fleet maintenance.
Part 6: Provide $975,000 from landfill reserves to fund a new landfill compactor to mitigate further expenses repairing catastrophic failures of the current equipment.
Part 7: Transfer of $35,000 from the CCPPF to Brookings Economic Development Corporation to partially fund the County’s Housing Study.
Part 8: Provide $40,000 from expected 2021 revenue surplus to fund the 10 year Financial Management Plan (FMP) Initiative.
Part 9: Allocate $17,500 from the Capital Sinking Fund to perform urgent roof repairs to the Armory City Building.
Recommendation
Recommendation:
Staff recommends approval.
Body2
Attachments:
Memo
Ordinance
McKinstry Improvements