AGENDA #4h
MEMORANDUM
TO: Mayor and Town Council
FROM: W. Calvin Horton, Town Manager
SUBJECT: Transfer of Capital Improvement Funds for Lower Booker Creek Project to Multi-Year Capital Project Fund
DATE: July 5, 2000
The attached budget ordinances would:
Transfer $90,000 from the annual Greenways Capital Improvements Program fund to the Lower Booker Creek Trail project in the Multi-Year Capital fund.
DISCUSSION
Lower Booker Creek Greenway: On June 12, 2000, the Council approved a project budget for the Lower Booker Creek Trail project that included $90,000 in funds from the FY 2000-01 Greenways Capital Improvements Program. The attached ordinance would transfer these funds to the project account in the Multi-Year Capital Project Fund already established for the Lower Booker Creek Trail project.
RECOMMENDATION
Manager’s Recommendation: That the Council adopt the attached budget ordinances that would transfer $90,000 from the annual Greenways Capital Improvements Program fund to the Lower Booker Creek Trail project in the Multi-Year Capital fund.
AN ORDINANCE TO AMEND “THE ORDINANCE CONCERNING APPROPRIATIONS AND THE RAISING OF REVENUE FOR THE FISCAL YEAR BEGINNING JULY 1, 2000 (2000-07-05/O-2)
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, 2000” as duly adopted on June 26, 2000 be and the same is hereby amended as follows:
ARTICLE I
Current Revised
APPROPRIATIONS Budget Increase Decrease Budget
CAPITAL
IMPROVEMENTS FUND
Greenways 1,216,500 90,000 1,126,500
Transfer to Multi-
Year Capital Fund 0 90,000 90,000
This the 5th day of July, 2000.
AN ORDINANCE TO AMEND THE CAPITAL PROJECTS ORDINANCE FOR VARIOUS CAPITAL PROJECTS (2000-07-05/O-3)
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, that 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 implementation of these projects within terms of funds appropriated here.
SECTION III
Revenues anticipated to be available to the Town to complete the project are as follows:
Current Budget Revised Budget
Adopt-A-Trail Grant 35,000 35,000
Clean Water Management Grant 200,000 200,000
Metropolitan Planning Grant 79,000 79,000
State Bicycle/Pedestrian Grant 300,000 300,000
Pritchard Park Gift 100,193 100,193
Pritchard Park Interest & Rental Income 63,807 63,807
Donations 2,000 2,000
Orange County Bond Funds 105,000 105,000
Transfer from CIP Fund 346,549 436,549
Transfer from General Fund 25,000 25,000
Interest Earnings 88,156 88,156
N.C. Transportation Grant 212,865 212,865
OWASA Reimbursement 42,931 42,931
Pedestrian Signal Reimbursement 5,000 5,000
Total 1,605,501 1,695,601
SECTION IV
Current Budget Revised Budget
Booker Creek Linear Park 20,000 20,000
Dry Creek Trail 270,800 270,800
Lower Booker Creek Trail 651,749 741,749
Pritchard Park 164,000 164,000
Southern Community Park 105,000 105,000
Willow Drive Bridge 343,952 343,952
Hargraves 50,000 50,000
Total 1,605,501 1,695,501
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 Budget, and shall 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 Clerk.
This the 5th day of July, 2000.