Reallocation of Capital Improvement Program Funds - Local Option Sales Tax III
From:
CLARA LONG, Acting Director
Organization:
Neighborhood & Human Svcs
CAO Approval:
RECOMMENDATION:
Recommendation Concerning the Reallocation of Capital Improvement Program Funds - Clara Long, Interim Neighborhood & Human Services Department Director
That the Board approve the reallocation of funds from Fund 352, Local Option Sales Tax (LOST) III, Cost Center 220102, (Neighborhood & Environment Services Department-NESD), in the amount of $1,200,681, to the following projects:
FROM:
Project#
Description
District
Amount
12NE1708
Brownfield Redevelopment
8
$299,579
08NE0058
Redevelopment Property Acquisition/Mobile Hwy. and Navy Point Center
8
$378,602
10NE0018
CRA Sewer Expansion: Beach Haven, Bellshead, Mobile Hwy, & Englewood
8
$522,500
Total CRA PROJECTS
$1,200,681
Grand Total to Transfer
$1,200,681
TO:
Project #
Description
District
Amount
TBD
Lee Street Sidewalk & Sewer/Ensley Gateway Park Beautification & Improvement/Avery St Sidewalks/additional Capital Improvement Projects
The requested funds shall be transferred as follows:
TO:
CRA Areas
Description
District
Amount
Brownsville
Lee Street Sidewalk and Sewer Project
3
$900,000
Ensley
Ensley Gateway Park Beautification Project
3
$200,681
Brownsville/Englewood
Avery Street Sidewalks (North & South)
3
$100,000
Total CRA Improvements
$1,200,681
Grand Total to Transfer
$1,200,681
BUDGETARY IMPACT:
No budgetary impact occurs. Funding is currently available in Fund 352, Local Option Sales Tax III, Account 220102, NESD.
LEGAL CONSIDERATIONS/SIGN-OFF:
N/A
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Scheduling and prioritization of Capital Improvement Projects are at the discretion of the Board.
IMPLEMENTATION/COORDINATION:
Upon Board approval of this request, a budget Amendment will be forwarded to the Office of Management and Budget to reallocate the funds to the appropriate projects.