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HomeMy WebLinkAbout67-23 RESOLUTION0 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 67-23 File Number: 2023-438 Tree Escrow Payments: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $101,992.00 TO TRANSFER A TREE ESCROW BALANCE FOR THE PLANTING OF MITIGATION TREES IN VARIOUS LOCATIONS THROUGHOUT THE CITY OF 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 $101,992.00 to transfer a balance of funds held in the tree escrow account for the planting of mitigation trees in various locations throughout the City of Fayetteville. PASSED and APPROVED on March 21, 2023 Page 1 Attest: FAyETTEVIC1 CITY OF W41iFAYETTEVILLE ARKANSAS MEETING OF MARCH 21, 2023 CITY COUNCIL MEMO TO: Mayor Jordan and City Council THRU: Susan Norton, Chief of Staff Jonathan Curth, Development Services Director Alison Jumper, Director of Parks, Natural Resources and Cultural Affairs Ted Jack, Park Planning Superintendent Jessica Masters, Development Review Manager FROM: John Scott, Urban Forester Melissa Evans, Urban Forester DATE: SUBJECT: Recognize Tree Escrow Payments for the 2023 Urban Forestry Budget RECOMMENDATION: 2023-438 Urban Forestry recommends the recognition of $101,992.00 in tree escrow payments and interest received in the escrow — Tree Ordinance Account, which is to be used for tree planting projects at various locations throughout the City of Fayetteville, and approval of a budget adjustment. BACKGROUND: Our unified development code, chapter 167.04 J4 allows developers to pay into a tree escrow account as a last option for planting trees. From 2015 to 2020, staff collected no escrow funds, and developers planted the trees. In 2021, staff received funds from projects on Freshwater Lane, and off Old Wire Road. In 2022, Weddington Place subdivision, Stonebrook, and Crain Kia paid into the tree escrow fund instead of planting the required trees. DISCUSSION: The money collected into the tree escrow account was paid as a last resort for developers. These funds will help Urban Forestry plant trees throughout the City. BUDGET/STAFF IMPACT: $101,992.00 to be recognized and available in the escrow account. ATTACHMENTS: 2023-438 SRF Tree Escrow, 2023-438 BA Tree Escrow Mailing address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 City of Fayetteville, Arkansas 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 - Legislation Text File #: 2023-438 Recognize Tree Escrow Payments for the 2023 Urban Forestry Budget A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $101,992.00 TO TRANSFER A TREE ESCROW BALANCE FOR THE PLANTING OF MITIGATION TREES IN VARIOUS LOCATIONS THROUGHOUT THE CITY OF 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 $101,992.00 to transfer a balance of funds held in the tree escrow account for the planting of mitigation trees in various locations throughout the City of Fayetteville. Page 1 City of Fayetteville Staff Review Form 2023-438 Item ID 3/21/2023 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item John Scott 2/24/2023 PARKS & RECREATION (520) Submitted By Submitted Date Division / Department Action Recommendation: Urban Forestry recommends the recognition of $101,992.00 in tree escrow payments and interest received in the escrow Tree Ordinance account, which is to be used for tree planting projects at various locations throughout the City of Fayetteville, and approval of a budget adjustment. 4470.520.8520-4409.04 Account Number 08001.1 Project Number Budgeted Item? Yes Does item have a direct cost? No Is a Budget Adjustment attached? Yes Purchase Order Number: Change Order Number: Original Contract Number: Comments: Budget Impact: Total Amended Budget Expenses (Actual+Encum) Available Budget Item Cost Budget Adjustment Remaining Budget Tree Escrow Fund Tree Escrow Project Title $ 26,235.00 26,235.00 $ 101,992.00 128,227.00 Previous Ordinance or Resolution # Approval Date: V20221130 City of Fayetteville, Arkansas - Budget Adjustment (Agenda) Budget Year Division PARKS & RECREATION (520) Adjustment Number /Org2 2023 Requestor: Alan Bearden BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: Budget adjustment to recognize and allocate payments & interest received into the Escrow - Tree Ordinance GL Account (4470-2535.00), which is to be used for tree planting projects at various locations throughout the City of Fayetteville. Project spending activity related to the Escrow - Tree Ordinance is tracked in the Tree Escrow project (08001.1). RESOLUTION/ORDINANCE COUNCIL DATE: 3/21/2023 ITEM ID#: 2023-438 Noll y Black 212712023 S:07 ANI Budget Division Date TYPE: D - (City Council) JOURNAL#: GLDATE: CHKD/POSTED: TOTAL Account Number 101,992 101,992 increase/ (Decrease) Expense Revenue Project.Sub# Project Sub.Detl AT v.2023117 Account Name 4470.520.8520-4409.04 - 101,992 08001 1 RE Planning Fees - Tree Ordinance 4470.520.8520-5220.00 4470.520.8520-5806.00 60,942 - 50,996 - 08001 08001 1 EX 1 EX Landscape Materials Improvements - Park 4470.520.8520-5400.00 4470.520.8520-5415.00 (2,639) - (7,307) - 08001 08001 1 EX 1 EX Building & Grounds - Maintenance Maintenance - Landscape 1 of 1