AGENDA #4k
MEMORANDUM
TO: Mayor and Town Council
FROM: W. Calvin Horton, Town Manager
SUBJECT: Town Operations Center – Project Ordinance Amendment
DATE: November 22, 2004
The attached project ordinance would amend a project ordinance budget prepared on November 24, 2003, which included estimates for a grant awarded to the Town of Chapel Hill for the construction of the transportation operations and maintenance facility to be located at the new Town Operations Center.
BACKGROUND AND DISCUSSION
A project ordinance had previously been prepared on November 24, 2003, and amended on June 14, 2004, and on June 30, 2004. At the time the budget ordinance was prepared, the exact amount of the grant was unknown. The attached project ordinance amendment removes the estimated amounts for the State share and local match, but leaves the project expenditure total unchanged at $18,960,465.
RECOMMENDATION
That the Council enact the attached project ordinance.
AN ORDINANCE TO AMEND A GRANT PROJECT ORDINANCE FOR A TRANSIT CONSTRUCTION GRANT (2004-11-22/O-5)
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 following grant project ordinance is hereby adopted:
SECTION I
The capital project funds authorized are from FY 2004 and FY 2005 allocations of Moving Ahead funds from an agreement with the North Carolina Department of Transportation.
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 the grant agreements executed with the North Carolina Department of Transportation within the funds appropriated herein.
SECTION III
Revenues anticipated to be available to the Town to complete the project are hereby amended as follows:
|
|
Current Budget |
Change |
Revised Budget |
|
Federal Transit Administration |
1,331,191 |
|
1,331,191 |
|
N.C. Department of Transportation |
164,786 |
7,170,606 |
7,335,392 |
|
Local Share |
1,858,961 |
37,085 |
1,896,046 |
|
Sales Tax Refund |
402,000 |
|
402,000 |
|
Building Financing Proceeds |
14,685,577 |
(7,207,691) |
7,477,886 |
|
Land Financing Proceeds |
345,000 |
|
345,000 |
|
Transfer from Transportation Capital Reserve |
172,950 |
|
172,950 |
|
Total |
18,960,465 |
-0- |
18,960,465 |
SECTION IV
Amounts appropriated for capital projects are hereby amended as follows:
|
|
Current Budget |
Change |
Revised Budget |
|
Professional Services |
109,000 |
|
109,000 |
|
Design and Engineering |
1,647,861 |
|
1,647,861 |
|
Demolition |
126,500 |
|
126,500 |
|
Traffic Studies |
9,207 |
|
9,207 |
|
Lease-Purchase Payments |
60,000 |
|
60,000 |
|
Contingency |
215,793 |
|
215,793 |
|
Land |
347,000 |
|
347,000 |
|
Land Improvements |
1,648,500 |
|
1,648,500 |
|
Buildings |
12,788,100 |
|
12,788,100 |
|
Equipment |
1,828,200 |
|
1,828,200 |
|
Art Acquisition |
180,304 |
|
180,304 |
|
Total |
18,960,465 |
|
18,960,465 |
SECTION V
The Manager is directed to report annually on the financial status of the project in an informational section to be included in the Annual Report. He shall also keep the Council informed of any unusual occurrences.
SECTION VI
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 22nd day of November, 2004.