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HomeMy WebLinkAbout35-96 RESOLUTION• • RESOLUTION NO. 35-96 A RESOLUTION APPROVING THE PROPOSED AMENDMENTS TO THE 1996-2000 CIP TO ALLOW FOR THE CONSTRUCTION OF THE MAPLE STREET AND JOYCE BOULEVARD IMPROVEMENTS IN 1996 AND TO DELAY THE SALEM AREA TRAFFIC IMPROVEMENTS UNTIL 1997; AND APPROVAL OF A BUDGET ADJUSTMENT. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. The City Council hereby approves the proposed amendments to the 1996- 2000 CIP to allow for the construction of the Maple Street and Joyce Boulevard improvements m 1996 and to delay the Salem area traffic improvements until 1997. Section 2. The City Council hereby approves a budget adjustment in the amount of $1,200,000 increasing Street Improvements, Acct. No. 4470 9470 5809 00, Project No. 96042 and Street Improvements, Acct. No. 4470 9470 5809 00, Project No. 96086 by decreasing Street Improvements, Acct. No. 4470 9470 5809 00, Project No. 95071. A copy of the budget adjustment is attached hereto marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this 5th day of March , 1996. ATTEST: ,� By: Lief, , `7 ' TFacq,,Pau1, City Clerk 410 ;FkrE7• ��.^E� !'- ��;,�.• -�•.. :;cam Likff .I APPROVED: By: 71/40._ Ffed Hanna, Mayor ,--Cifq,of•Fayetteville; Arkansas Budget Adttitment Form Budget Yearnartmen't: Sales Tax Capital Improvement Fund 1996 Date Requested 02/29/96 'Ad'ustment HIBIT Project or Item Requested: .': Request funding for Salem Area; Traffic Improvements Project # 95071 be reallocated to Joyce Boulevard - Old Missouri to HWY 265 Project # 96042 and to Maple Street Improvements Project # 96088. The funding from Salem Road Area Traffic Improvements will be replaced in 1997 with the funding originally scheduled for the Joyce Boulevard - Old Missouri to HWY. 265 Project and the Maple Street Improvements Project. Project or Item Deleted: Funding from the Salem Area Traffic Improvements Project is proposed to fund this request. The project scope of work for these improvements are being developed. Justification of this Increase: The reconstruction and widening of Joyce - Old Missouri to HWY. 265 is being moved to 1996 due to the rapid deterioration of the roadway. The Maple Street Improvements projects being moved to 1996 primarily due to a failure of a box culvert Justification of this Decrease: '" Funding for this request involves rescheduling funding for Salem Arica Traffic Improvements from 1996 to 1997. Increase ti Account Name Amount Street Improvements Street Improvements Account Number 800,000 4470 9470 5809 700: 96042 Account Name Street Improvements Amount 1,200,000 4470 9470 Decrease Account Number 4470 9470 .5809 F00. Project Number 95071 Approval Signatures • Admin. Sery Mayor C:WPP\96BUD\SALEM97. WK3 Type: A Budget Office Use'Only. F 7 -lit- 44, ( I/MV4G, 5/0 Date of Approval ri Posted to General Ledger Entered in Category