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HomeMy WebLinkAbout223-12 RESOLUTIONRESOLUTION NO. 223-12 A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $51,308.00 TO RECOGNIZE REVENUE FROM THE UNIVERSITY OF ARKANSAS FOR ITS COST SHARE FOR CONSTRUCTION OF A SIDEWALK ALONG RAZORBACK ROAD 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 in the amount of $51,308.00 to recognize revenue from the University Of Arkansas for its cost share for construction of a sidewalk along Razorback Road. PASSED and APPROVED this 4th day of December, 2012. APPROVED: ATTEST: By: 00,044, e 3,611,,Cat, SONDRA E. SMITH, City Clerk/Treasurer ```.,ee��Rh / ��� �� ' Y o,� • G'• John Nelson Submitted By City of Fayetteville Staff Review Form City Council Agenda Items and Contracts, Leases or Agreements 12/4/2012 City Council Meeting Date Agenda Items Only Transportation Division Action Required: Transportation Services Department A resolution approving a budget adjustment in the amount of $51,308 recognizing revenue from the University of Arkansas for its cost -share portion of construction of Razorback Road sidewalk. Cost of this request Account Number 02053 Project Number Budgeted Item Category / Project Budget Program Category / Project Name Funds Used to Date Program / Project Category Name Remaining Balance Fund Name Budget Adjustment Attached //"/ Previous Ordinance or Resolution # Date Original Contract Date: OJ 16 2,ii i Z Original Contract Number: orney Date Ta.A Finance and Internal Services Director Ch cif S r � f .20 o'Z Date Date D e Received in City 1 1- 1 5- 1 2 P 0 3: 3 0 R C V D Clerk's Office Comments: Revised January 15, 2009 ave evi le THE CITY OF FAYETTEVILLE, ARKANSAS DEPARTMENT CORRESPONDENCE ARKANSAS www.accessfayetteville.org CITY COUNCIL AGENDA MEMO To: Mayor and City Council Thru: Don Marr, Chief of Staff Terry Gulley, Transportation Services Director From: John Nelson, Management Accounting Coordinator Date: November 15, 2012 Subject: Razorback Road Sidewalk Construction PROPOSAL: A resolution approving a budget adjustment in the amount of $51,308 recognizing revenue from the University of Arkansas for its cost -share portion of construction of Razorback Road sidewalk. RECOMMENDATION: Construction of a six -foot -wide, 1,300 linear foot sidewalk on the east side of Razorback Road between Cleveland and Maple streets was a scheduled project for 2012. Transportation Division crews provided the necessary labor and equipment related to the construction of the sidewalk and curb. The University of Arkansas agreed to reimburse the City of Fayetteville up to $80,000 for materials and contract installation of a modular block retaining wall. BUDGET IMPACT: Construction of the sidewalk, curb and related improvements along the east side of Razorback Road between Cleveland Street and Maple Street was budgeted in the Sidewalk Improvements capital project. RESOLUTION NO. A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $51,308.00 TO RECOGNIZE REVENUE FROM THE UNIVERSITY OF ARKANSAS FOR ITS COST SHARE FOR CONSTRUCTION OF A SIDEWALK ALONG RAZORBACK ROAD 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 in the amount of $51,308.00 to recognize revenue from the University Of Arkansas for its cost share for construction of a sidewalk along Razorback Road. PASSED and APPROVED this 4th day of December, 2012. APPROVED: ATTEST: By: By: LIONELD JORDAN, Mayor SONDRA E. SMITH, City Clerk/Treasurer City of Fayetteville, Arkansas Budget Adjustment Form V12.0724 Budget Year 2012 Division: Transportation Services Department: Transportation Services Request Date 12/4/2012 Adjustment Number BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION This budget adjustment recognizes $51,308 received from the University of Arkansas for its contribution toward the construction of a sidewalk on Razorback Road. ►✓ 2 // -1-5-'12,_ Division H d fi Date Budget Director Date o1-A.2- Departm t Director o. Date 11-\9-2612 Finan r- ` 1 'rector A_L/111-ii-- Date 1r 91 ?— �.- C ie t"stall Date Q /` G l z A — �--. Ma .r D e Prepared By: John Nelson Reference: Type: jnelson Budget & Research Use Only A B C General Ledger Date Posted to General Ledger Checked / Verified E P Initial Date Initial Date Account Name TOTAL BUDGET ADJUSTMENT Account Number 51,308 51,308 Increase / (Decrease) Expense Revenue Project.Sub Number Sidewalks Pymts by property owners 4470.9470.5814.00 E) 4470.0947.4420.00 i 51,308 51,308 02053 . 1 02053 . 1 K:\01_Financial Services\Budget\2012 Budget\Transportation\Budget Adjustments\BA Form 2012_Razorback Road 1 of 1