AGENDA #4j

MEMORANDUM

TO:                  Mayor and Town Council

FROM:            W. Calvin Horton, Town Manager

SUBJECT:       Project Ordinance Amendment for Flood Mitigation Grant

DATE:             October 22, 2001

The attached budget ordinance would amend the existing Open Space/Greenway Bond Project Ordinance to include the Flood Mitigation Grant Project approved by the Council on August 27, 2001 for the purchase and demolition of three residential properties on Dickerson Court.  The amendment would reflect the receipt and expenditure of $207,416 from a Federal Emergency Management Agency (FEMA) grant for this project.  Local matching funds of $69,224 would come from the open space bonds funds already included in the Open Space/Greenway Bond Project Ordinance.

AN ORDINANCE AMENDING THE CAPITAL PROJECTS ORDINANCE FOR OPEN SPACE/GREENWAY ACQUISITIONS FROM 1996 BONDS (2001-10-22/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, that the capital project for Open/Space Greenway Acquisitions from 1996 Bonds is hereby amended as follows to include a flood mitigation grant from the Federal Emergency Management Agency.

SECTION I

The capital projects as authorized by bond referenda approved in November, 1996 include the capital costs of acquiring open space and greenways as determined by the Town Council, within and without the corporate limits of the Town.

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 amended as follows:

                                                                                                Current           Revised

                                                                                                Budget                         Budget

Bond Proceeds                                                                     3,000,000                    3,000,000

FEMA Grant                                                                                      0                       207,416           

                                                           Total Revenues          3,000,000                    3,207,416                       

Amounts appropriated are for the project are amended as follows:

Acquisition of Open Space and Greenways                           3,000,000                    3,000,000

Flood Mitigation Project                                                                     0                       207,416

                                                   Total Appropriations       3,000,000                       3,000,000  

SECTION IV

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 V

Copies of this 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 22^nd day of October, 2001.