The URL can be used to link to this page

Home My WebLink About141-24 RESOLUTIONFile Number: 2024-19 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 141-24 POLICE IMPACT FEES (BUDGET ADJUSTMENT): A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $73 ,395.00 RECOGNIZING POLICE IMPACT FEES COLLECTED THROUGH MARCH 2024 FOR THE EXPANSION OF POLICE DEPARTMENT OPERATIONS TO THE ENTERTAINMENT DISTRICT POLICE SUBSTATION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section I : That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of which is attached to this Resolution , in the amount of $73 ,395.00 recognizing police impact fees collected through March 2024 for a portion of the costs of construction , equipment, and furnishings for the expansion of police department operations to the Entertainment District Police Substation. PASSED and APPROVED on May 21 , 2024 Page 1 Page 1 CITY COUNCIL MEMO 2024-19 MEETING OF MAY 21, 2024 TO: Mayor Jordan and City Council THRU: FROM: Mike Reynolds, Police Chief SUBJECT: Budget Adjustment to Recognize Police Impact Fees RECOMMENDATION: Staff recommends the approval of a resolution and a budget adjustment in the amount of $73,395 to recognize Police Impact Fees collected through March 2024 for the expansion of Police Department operations. BACKGROUND: The intent of impact fee charges is to ensure new developments bear a proportionate share of the cost of capacity improvements and ensure that the proportional share does not exceed the costs of the demand for additional capacity that is reasonably attributable to providing these services and facilities to the use and occupancy of the new developments. DISCUSSION: The Police Department is currently expanding our operational footprint to include opening a new Entertainment District Police Substation within the parking deck located at the northwest corner of West Dickson Street and North West Avenue. These impact fees will provide construction, equipment, and furnishings for the timely completion of this new police substation. Anticipated completion of the Entertainment District Police Substation is the last week of June 2024. BUDGET/STAFF IMPACT: The Police Impact Fee Improvements project expense budget will increase equal to the revenue received. There is no staffing impact related to this budget adjustment. ATTACHMENTS: SRF (#3), BA (#4), SRM (#5) Page 1 City of Fayetteville, Arkansas Legislation Text 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 File #: 2024-19 Budget Adjustment to Recognize Police Impact Fees A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $73,395.00 RECOGNIZING POLICE IMPACT FEES COLLECTED THROUGH MARCH 2024 FOR THE EXPANSION OF POLICE DEPARTMENT OPERATIONS TO THE ENTERTAINMENT DISTRICT POLICE SUBSTATION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of which is attached to this Resolution, in the amount of $73,395.00 recognizing police impact fees collected through March 2024 for a portion of the costs of construction, equipment, and furnishings for the expansion of police department operations to the Entertainment District Police Substation. City of Fayetteville Staff Review Form 2024-19 Item ID 5/21/2024 City Council Meeting Date - Agenda Item Only N/A for Non-Agenda Item Mike Reynolds 4/23/2024 POLICE (200) Submitted By Submitted Date Division / Department Action Recommendation: Staff recomends the approval of a resolution and a budget adjustment in the amount of $73,395 to recognize Police Impact Fees collected through March 2024 for the expansion of Police Department operations. Budget Impact: 2300.200.9300-5210.00 Impact Fees Account Number Fund 07001.7820 Police Impact Fee/Police Substation Project Number Project Title Budgeted Item?Yes Total Amended Budget $577,753.00 Expenses (Actual+Encum)$231,955.23 Available Budget $345,797.77 Does item have a direct cost?No Item Cost $- Is a Budget Adjustment attached?Yes Budget Adjustment $73,395.00 $52.00 Remaining Budget $419,192.77 V20221130 Purchase Order Number:Previous Ordinance or Resolution # Change Order Number:Approval Date: Original Contract Number: Comments: City of Fayetteville, Arkansas - Budget Adjustment (Agenda) Budget Year Division /Org2 POLICE (200) Adjustment Number 2024 Requestor:Willie Newman BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: Reconcile and establish revenue and expense budgets for Police Impact Fee Improvements through March 31, 2024. COUNCIL DATE:5/21/2024 ITEM ID#:2024-19 Holly Black 4/23/2024 2:33 PM Budget Division Date TYPE:D - (City Council) JOURNAL #: GLDATE: RESOLUTION/ORDINANCE CHKD/POSTED:/ v.2024322TOTAL73,395 73,395 Increase / (Decrease)Project.Sub# Account Number Expense Revenue Project Sub.Detl AT Account NameGLACCOUNTEXPENSEREVENUEPROJECTSUBATDESCRIPTION X 2300.200.9300-4999.99 -73,395 RE Use Fund Balance - Current 2300.200.9300-5210.00 73,395 -07001 7820 EX Minor Equipment -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 1 of 1 CITY OF FAYETTEVILLE ARKANSAS CITY COUNCIL MEMO MEETING OF MAY 21, 2024 TO: Mayor and City Council FROM: Mike Reynolds, Chief of Police DATE: April 23, 2024 SUBJECT: Budget Adjustment to Recognize Police Impact Fees RECOMMENDATION: Staff recommends the approval of a resolution and a budget adjustment in the amount of $73,395 to recognize Police Impact Fees collected through March 2024 for the expansion of Police Department operations. BACKGROUND: The intent of impact fee charges is to ensure new developments bear a proportionate share of the cost of capacity improvements and ensure that the proportional share does not exceed the costs of the demand for additional capacity that is reasonably attributable to providing these services and facilities to the use and occupancy of the new developments. DISCUSSION: The Police Department is currently expanding our operational footprint to include opening a new Entertainment District Police Substation within the parking deck located at the northwest corner of West Dickson Street and North West Avenue. These impact fees will provide construction, equipment, and furnishings for the timely completion of this new police substation. Anticipated completion of the Entertainment District Police Substation is the last week of June 2024. BUDGET/STAFF IMPACT: The Police Impact Fee Improvements project expense budget will increase equal to the revenue received. There is no staffing impact related to this budget adjustment. Attachments: Budget Adjustment Mailing Address: 113 W. Mountain Street Fayetteville, AR 72701 www.fayetteville-ar.gov