HomeMy WebLinkAbout45-16 RESOLUTION113 West Mounta¡n Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 45-16
File Number: 2016-0022
IN-HOUSE PAVEMENT IMPROVEMENTS PROJECT:
A RESOLUTION TO APPROVE A BUDGET ADruSTMENT REAPPROPzuATING
AMOUNT OF $5OO,OOO.OO FROM THE WILLOW BEND DEVELOPMENT COST
TO THE IN-HOUSE PAVEMENT IMPROVEMENTS PROJECT FOR 2016
WHEREAS, the $500,000.00 currently appropriated for the Willow Bend Development
in 2016 will not be needed unti|2017 at the earliest; and
WHEREAS, those funds can and should be used to increase street overlay and microsurfacing production in
2016 and the funding for the Willow Bend Development cost share program will be replaced as part of the
2017 Capital Improvements Plan.
NOW, THEREFORE, 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, reappropriating funds in the amount of
$500,000.00 from the Willow Bend Development Cost Share Project to the In-House Pavement
Improvements Project for 2016.
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PASSED and APPROVED on 2/2/2016 sÈ"Y'i'ïi áirq?:,*\,Sn '.4- o'r tn
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FLINDS IN THE
SHARE PROJECT
Cost Share Project
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Pr¡nted on 2/3/16
City of Fayetteville, Arkansas
Text File
File Number:2016-0022
113 West Mounta¡n Streel
Fayettev¡lle, AR 72701
(479) 575-8323
Agenda Date:21212016
ln Control: City Councíl Meeting
Agenda Number: C. 1
Version: 1 Status: Passed
File Type: Resolution
IN-HOUSE PAVEMENT IMPROVEMENTS PROJECT:
A RESOLUTION TO APPROVE A BUDGET ADruSTMENT REAPPROPRIATING FUNDS IN
THE AMOLTNT OF $5OO,OOO.OO FROM THE WILLOW BEND DEVELOPMENT COST SHARE
PROJECT TO THE IN-HOUSE PAVEMENT IMPROVEMENTS PROJECT FOR 2016
\üHEREAS, the $500,000.00 currently appropriated for the Willow Bend Development Cost Share
Project in 2016 will not be needed unTi12017 at the earliest; and
WHEREAS, those funds can and should be used to increase street overlay and microsurfacing
production in 2016 and the funding for the Willow Bend Development cost share program will be
replaced as part of the 2011 Capital Improvements Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section L That the City Council of the City of Fayetteville, Arkansas hereby approves a budget
adjustment, a copy of which is attached to this Resolution, reappropriating funds in the amount of
$500,000.00 from the Willow Bend Development Cost Share Project to the In-House Pavement
Improvements Project for 2016.
City oî Fayetteviile, Arkansas Page 1 PÍinted on Z3/2O16
John Nelson
City of Fayetteville Staff Review Form
2Ðå6-&#äA
Legistar Fiie t#
älälãüì.#
City Council Meeting Date - Agenda ltem Only
N/A for Non-Agenda ltem
1/13/201.6 Tra nsportation Services /
Transportation Services Department
Submitted By Subm¡tted Date Division / Department
Action Recommendation :
A resolution to approve appropriating 5500,000 from the Willow Bend Development Cost Share project to the ln-
House Pavement lmprovements project lor 201,6; and approving a budget adjustment.
Budget lmpact:
4470.9470.5417.OO Sales Tax Capital lmprovements
Fund
ln-House Pavement lmprovements
Project Title
Current Budget S L,852,000.00
9,062.00Funds Obligated
Current Balance s i,#.43,*',3&"#*
Account Number
o2052
Does item have a cost?
Budget Adjustment Attached?
Project Number
Budgeted ltem? Yes
Yes
Yes
Item Cost
Budget Adjustment
500,000.00
500,000.00
Remaining Budget
Previous Ordinance or Resolution #
Original Contract Number:
Comments:
Approval Date:
CITY OFffik CITY COUNCIL AGENÐA MTMO
MEETING OF FEBRUARY 2,2016
TO: Mayor and City Council
THRU: Don Marr, Chief of Staff
Terry Gulley, Transportation Services Director
FROM: John Nelson, Management Accounting Coordinator
DATE: January 13,2016
SUBJEGT: ln-HousePavementlmprovementsFunding
RECOMMENDATION:
Staff recommends appropriating $500,000 from the Willow Bend Development Cost Share
project to the ln-House Pavement lmprovements project for 2016.
BACKGROUND:
The ln-House Pavement lmprovements project provides resources for the systematic overlay
and micro surfacing of existing streets.
The Willow Bend Development Cost Share project will fund a cost share with an affordable
housing project to provide funding towards the cost of street and drainage infrastructure.
DISCUSSION:
On November 24,2015 the Transportation Committee was presented with the Transportation
Division overlay and sidewalk construction plan for 2016. Based on the timing for the Willow
Bend development and in order to increase street overlay and micro surfacing production, the
committee favored utilizing approved funding from the Willow Bend project to increase the
pavement program. This transfer of funds would be replaced during the 2017 CIP preparation.
BUDGET/STAFF IMPACT:
Funding would be transferred from one capital project to another.
Attachments:
Budget Adjustment
Mailing Address:
113 W. Mountain Street
Fayetteville, AR7270L
www.fayettevi lle-ar.gov
City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar)
Division: Tronsporloiion Services
Dept.: Tronsportotion Services
Requestor: John Nelson
Budget Year
201 6
Adjustment Number
BU DGET ADJ USTMENT DESCRT pTtON / J UST| FtCAT|ON :
This budget adjustment moves funding from the Willow Bend Development Cost Share project to the ln-House
Pavement I mprovements project.
RESOLUTTON/ORDTNANCE
COUNCIL DATE:
LEGISTAR FILE ID#:
2/2/2016
2016-0022
ßø¿.bø,rwTe,W
1ft3/201_6 2:7s ?1,4
Budget Director
TYPE:
Doie
DESCRIPTION:
GLDATE:
POSTED:
v.2O150925TOTAL
Accounl Number
lncreose / (Decreose)Projeci.Sub#
Projecl SubExpenseRevenue AT Account Nome
2100.5520.5 4r7 .OO
2100.5500.5809.00
500,000
Ls-0qq00)
02052
1500L
EX
EX
Street Maintenance
Street lmprovements
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