HomeMy WebLinkAbout51-00 RESOLUTIONRESOLUTION NO. 51-00
MICR °FILMED
A RESOLUTION APPROVING A BUDGET TRANSFER TO THE
TOWN CENTER FUND FROM THE SALES TAX CAPITAL
IMPROVEMENTS FUND IN THE AMOUNT OF $450,247 AND
REPEALING THAT PORTION OF RESOLUTION 103-99 WHICH
APPROVED SUCH AN AMOUNT TO BE TRANSFERRED
FROM THE GENERAL FUND.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS •
Section 1. That the City Council hereby approves a budget transfer to the Town Center
Fund from the Sales Tax Cipital Improvements Fund in the amount of $450,247 and repeals that
portion of Resolution 103-99 which approved such an amount from the General Fund. A copy of
the budget transfer is attached hereto marked Exhibit "A" and made a part hereof.
Section 2. That the funds be transferred from the next City sales tax remittance received
from tie State of Arkansas following the passage of this resolution.
PASSED AND APPROVED this 4111 day of April , 2000.
APPROVED:
oBy:
Fred Hanna, Mayor
By:
eather Woodruff, City Clerk
NAME OF FILE: L6‘-/cO
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CROSS REFERENCE:
Date
Contents of File
Initials
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• City of Fayetteville, Arkansas
Budget Adjustment Form
• EXHIBIT A
Budget Year Department: Sales Tax Capital Improvement Fund
2000 ivision:
Program:
Date Requested
03/21/2000
Adjustment ft
Bub&
Project or Item Requested:
Approve a transfer to the Town Center Fund from the Sales Tax
Capital Improvements Fund and reverse a previously approved
transfer from General Fund. The funds to be transfered will be
from the next City sales tax remittance received from the Slate of
Arkansas.
Approval of this budget adjustment does not
increase the project funding.
Project or Item Deleted:
None.
Justification of this Increase:
The budget adjustment is requested to clarify the source of City
funds used for the Town Center project.
Justification of this Decrease:
Sufficient cash & investments exist to fund this request and
comply with City policy.
Account Name
Transfer to Town Center
Use of Fund Balance
Trnsfr from Sales Tax Capital.
Increase Expense (Decrease Revenue)
Amount Account Number Project Number
4470 9470 7602 60
450,247
950,247
450,247
1010 0001 4999 99
5600 0960 6602 47
Decrease Expense (Increase Revenue)
Account Name Amount Account Number Project Number
Use of Fund Balance 450,247 4470 0947 4999 99
Transfer to Town Center 950,247 1010 6600 7602 60
Trnsfr from General Fund 450,247 5600 0960 6602 10
Budget Office Use Only
Approval Signatures
equested By Date
3 - - ooa
B dg t anager Date
Type: A
Date of Approval
Department Director Date Posted to General Ledger
Admin. Services Director Date Posted to Project Accounting
Mayor Date Entered in Category Log
Blue Copy: Budget & Research / Yellow Copy: Requester II ABUDGE7\PROJECTSOTHER\BAJOOOTWN_CTR.WK4
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163-99
RESOLUTION NO.
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MICROFILMED
A RESOLUTION AWARDING BID NO. 99-45 IN THE AMOUNT
OF $7,346,408 TO NABHOLZ CONSTRUCTION COMPANY FOR
THE CONSTRUCTION OF THE FAYETTEVILLE TOWN
CENTER PROJECT, APPROVING A PROJECT CONTINGENCY
IN THE AMOUNT OF $150,000, APPROVING A CONTRACT
FOR SAID AMOUNTS, AUTHORIZING AND APPROVING
CHANGE ORDER NO. 1 TO SAID CONTRACT IN THE
AMOUNT OF $970,162, AND APPROVAL OF A BUDGET
ADJUSTMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARICANSAS:
Section 1 That the City Council hereby awards Bid No. 99-45 in the amount of
$7,346,408 to Nabholz Construction Company for the construction of the Fayetteville Town Center
Project, approves a project contingency in the amount of $150,000, approves a contract for said
amounts; and authorizes the Mayor and City Clerk to execute said contract for said amounts. A
copy of the contract is attached hereto marked Exhibit "A" and made a part hereof.
Section 7 The City Council hereby approves Change Order No. 1 to Exhibit "A" above
for improvements to the Town Center Project in the amount of $970,162 and hereby authorizes the
Mayor and City Clerk to execute said change order. A copy of Change Order No. 1 is attached
hereto marked Exhibit "B" and made a part hereof.
Section 1. The City Council herd6y approves a budget adjustment increasing the project
budget for the Town Center Project, Acct. No. 5600 9600 5804 00, Project No. 97084 20, in the
amount of $1,120,162 and increasing the Transier to Town Center Fund, from General Fund, Acct.
No. 1010 6600 7602 60, in the amount of $450,247, and increasing Transfer to Town Center Fund,
from Off -Street Parking Fund, Acct. No. 2130 9130 7602 60, in the amount of $386,600 by
recognizing the Use of Fund Balance from General Fund, Acct. No. 1010 0001 4999 99, in the
amount of $450,247 and recognizing the Use of Fund Balance from Off Street Parking Fund, Acct.
No. 213 0913 4999 99, in the amount of $386,600 and recognizing additional Interest on Investments
(earned on the funds transferred from the Advertising and Promotion Fund) in the Town Center
Fund, Acct. No. 5600 0960 6708 00, in the amount of $58,000 and recognizing additional interest
on Construction Fund (earned on the Town Center band proceeds), Acct. No. 5600 0960 6602 01,
in the amount of $225,315. A copy of the budget adjustment is attached hereto marked Exhibit "C"
and made a part hereof.
PASSED AND APPROVED this Vd day of August , 1999.
Cops
R. /0
FAYETTEVICLE
THE CITY OF FAYETTEVILLE, ARKANSAS
DEPARTMENTAL CORRESPONDENCE
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To: Jerry Rose, City Attorney
From: Heather Woodruff, City Clerk
Date: April 7, 2000
Attached is a copy of the resolution approving a budget transfer to the Town Center Fund for
your records. The original will be microfilmed and filed with the City Clerk.
cc: Steve Davis, Budget and Research
Marilyn Cramer, Accounting
ffo:
•
RESOLUTION NO. 51-00
• A RESOLUTION•APPROVING A BUDGET TRANSFER TO THE
TOWN CENTER FUND FROM THE SALES TAX CAPITAL
• IMPROVEMENTS FUND•IN•THE AMOUNT OF $450,247 AND
REPEALING THAT PORTION OF RESOLUTION 103-99 WHICH
APPROVED SUCH AN • AMOUNT TO BE TRANSFERRED
FROM THE GENERAL FUND.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS*
Section 1. That the City Council hereby approves a budget transfer to the Town Center
Fund from the Sales Tax Cipital Improvements Fund in the amount of $450,247 and repeals that
portion•of Resolution 103-99 which approved such an amount from the General Fund. A copy of
the budget transfer is attached hereto marked Exhibit "A" and made a part hereof.
Section 2. That the funds be transferred from the next City sales tax remittance received
from fie State of Arkansas following the passage of this resolution.
PASSED AND APPROVED this 4'h day of April , 2000.
dric.tr".
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APPROVElygoej
By:
By:
eather Woodruff, Cl
Clerk
Fred Hanna, Mayor
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