AGENDA #4j

MEMORANDUM

TO:                  Mayor and Town Council

FROM:            W. Calvin Horton, Town Manager

SUBJECT:       Budget Amendment for Pooled Projects for the Percent for Art Plan

DATE:             January 12, 2004

The attached amendment would provide a budget for the pooled funds for the approved Percent for Art Plan.

BACKGROUND

 

The Council adopted the 2003-04 Public Art Plan on September 8, 2003.  The Plan requires that the Town pool the Percent for Art Funds for three projects in the current year’s budget: Sidewalk and Bicycle Facilities, Small Park Improvements, and Greenways. 

 

 

The projects are budgeted in the Town’s annual Capital Improvements Program Fund.  Because the funds will need to accumulate over more than one year in order to do an art project, the Town needs to budget the funds in the multi-year Capital Project Fund.

 

RECOMMENDATION

 

That the Council enact the attached budget ordinance amendments to transfer appropriated funds for the pooled Percent for Art projects from the Capital Improvement Fund to the multi-year Capital Improvements Fund.

 

ATTACHMENT

 

  1. Memorandum of September 8, 2003 (p. 4).

AN ORDINANCE TO AMEND “THE ORDINANCE CONCERNING APPROPRIATIONS AND THE RAISING OF REVENUE FOR THE FISCAL YEAR BEGINNING JULY 1, 2003” (2004-01-12/O-5)

 

BE IT ORDAINED by the Council of the Town of Chapel Hill that the Budget Ordinance entitled “An Ordinance Concerning Appropriations and the Raising of Revenue for the Fiscal Year Beginning July 1, 2003” as duly adopted on June 9, 2003 and the same is hereby amended as follows:

 

 

This the 12th day of January, 2004.

AN ORDINANCE TO AMEND THE CAPITAL PROJECT ORDINANCE FOR VARIOUS CAPITAL PROJECTS (2004-01-12/O-6)

 

BE IT ORDAINED by the Council of the Town of Chapel Hill that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the capital projects ordinance for various capital projects funded from a variety of sources is hereby amended as follows:


SECTION I

 

The capital projects as authorized by the Town Council includes various capital projects funded from grants, the Capital improvements Program funds, and other miscellaneous sources of revenue for a variety of projects extending beyond one fiscal year.

 

SECTION II

 

The Manager of the Town of Chapel Hill is hereby directed to proceed with the implementation of the project within the terms of grant agreements executed with the Federal Transit Administration and the funds appropriated herein.

 

SECTION III


SECTION IV

 

The Manager is directed to report annually on the financial status of the project in an information section to be included in the Annual Budget, and shall keep the Council informed of any unusual circumstances.

Copies of this project ordinance shall be entered into the Minutes of the Council and copies shall be filed within 5 days of adoption with the Manager, Finance Director and Town Clerk.

This the 12th day of January, 2004.