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HomeMy WebLinkAbout154-15 RESOLUTIONOE fAY:ETT6 L v � m n R KA NS PS 113 West Mountain Street Fayetteville, AR 72701 (479)575-8323 Resolution: 154-15 File Number: 2015-0376 BRYCE DAVIS PARK AND IMPROVEMENTS TO LAKE FAYETTEVILLE: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $147,170.00 RECOGNIZING PARKLAND DEDICATION FEES FROM THE NORTHWEST AND NORTHEAST QUADRANTS TO BE USED FOR LIGHTING AT BRYCE DAVIS PARK AND IMPROVEMENTS TO LAKE FAYETTEVILLE 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 total amount of $147,170.00 recognizing parkland dedication fees from the Northwest and Northeast Quadrants to be used for lighting at Bryce Davis Park and improvements to Lake Fayetteville. PASSED and APPROVED on 9/1/2015 �U• FAYEITEVILLE;�_ Attest: 'v •.9,Q c. •� .esy.• kANSP•.��. 'moi / ••...•• �`,� Sondra E. Smith, City Clerk Treasurer Page 1 Printed on 912115 City of Fayetteville, Arkansas 113 West Mountain Street • n _ Fayetteville, AR 72701 (479) 575-8323 ,. Text File File Number: 2015-0376 Agenda Date: 9/1/2015 Version: 1 Status: Passed In Control: City Council Meeting File Type: Resolution Agenda Number: A. 5 BRYCE DAVIS PARK AND IMPROVEMENTS TO LAKE FAYETTEVILLE: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $147,170.00 RECOGNIZING PARKLAND DEDICATION FEES FROM THE NORTHWEST AND NORTHEAST QUADRANTS TO BE USED FOR LIGHTING AT BRYCE DAVIS PARK AND IMPROVEMENTS TO LAKE FAYETTEVILLE 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 total amount of $147,170.00 recognizing parkland dedication fees from the Northwest and Northeast Quadrants to be used for lighting at Bryce Davis Park and improvements to Lake Fayetteville. City of Fayetteville, Arkansas Page 1 Printed on 9/212015 City of Fayetteville Staff Review Form 2015-0376 Legistar File ID 9/1/2015 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item Parks & Recreation / Alison Jumper 8/11/2015 Parks & Recreation Department Submitted By Submitted Date Division / Department Action Recommendation: A resolution to approve a budget adjustment to recognize revenue received for Park Land Dedication for capital projects in the northwest quadrant and the northeast quadrant. The revenue received but not yet recognized in the northwest quadrant ($139,976) is to be used for capital projects at Bryce Davis Park. The revenue received but not yet recognized in the northeast quadrant ($7,194) is to be used for Lake Fayetteville improvement capital projects. The Council date for this agenda item is September 1, 2015. Budget Impact: 2250.9256.5806.00 Account Number 02013.802 13001.1306 Project Number Budgeted Item? NA Does item have a cost? NA Budget Adjustment Attached? Yes Previous Ordinance or Resolution # Original Contract Number: Comments: Parks Development (Park Land Dedication) Fund Bryce Davis Park Lake Fayetteville Improvements Current Budget Funds Obligated Current Balance Item Cost Budget Adjustment Remaining Budget Project Title I $ 147,170.00 F$ 147,170.00 V20140710 Approval Date: UV CITY OF ay74-i KANSAS MEETING OF SEPTEMBER 1, 2015 TO: Mayor and City Council CITY COUNCIL AGENDA MEMO THRU: Don Marr, Chief of Staff Connie Edmonston, Parks and Recreation Director FROM: Alison Jumper, Park Planning Superintendent DATE: August 10, 2015 SUBJECT: A resolution to approve a budget adjustment to recognize revenue received for Park Land Dedication for capital projects in the northwest quadrant and the northeast quadrant. The revenue received but not yet recognized in the northwest quadrant ($139,976) is to be used for capital projects at Bryce Davis Park. The revenue received but not yet recognized in the northeast quadrant ($7,194) is to be used for Lake Fayetteville improvement capital projects. The Council date for this agenda item is September 1, 2015. RECOMMENDATION: Staff recommends approval of a resolution to recognize revenue received for Park Land Dedication for capital projects ($147,170 total), comprised of: northwest quadrant (02013.802 - $139,976) and northeast quadrant (13001.1306 - $7,194). BACKGROUND: Chapter 166 of the Unified Development Code required residential developments to make a reasonable dedication of land or money in lieu to the park system per each newly constructed residence. Once these funds are received, they must be spent within three years on park development or acquisition. DISCUSSION: Park Land Dedication Funds have been received in accumulated in the northwest and northeast quadrants. Staff is requesting to recognize these funds in order to make park improvements in those two quadrants. Lighting is planned to be added to Bryce Davis Park in the northwest quadrant, and improvements to Lake Fayetteville are planned to be made in the northeast quadrant. A portion of these funds must be spent in 2015 to meet the three year deadline. In order to make viable projects, all funds in these quadrants are being requested to be recognized at this time. BUDGET/STAFF IMPACT: Increase in the budget of $147,170 total), comprised of: northwest quadrant (02013.802 - $139,976) and northeast quadrant (13001.1306 - $7,194). Attachments: Budget Adjustment Mailing Address: 113 W. Mountain Street www.fayetteville-aLgov Fayetteville, AR 72701