TITLE
Title
PROJECT ORDINANCES FOR HIGH PRIORITY CAPITAL PROJECTS
end
SPONSOR
Sponsor
Michael Halford
end
BACKGROUND
Background
The Board of Commissioners has identified several high priority capital projects it wishes to address in fiscal year 2016-17: renovations to the Old Courthouse, repairs to the High Point Parking Deck, and repairs to the Independence Center Parking Deck. To formally initiate and/or continue the projects, the Board must create or amend several capital project ordinances.
Old Courthouse Renovation - increase the existing capital project ordinance by $7,900,000 to a total of $8,000,000. Funding source: Two-Thirds General Obligation Bonds or other future borrowed financing proceeds.
High Point Parking Deck Repairs - increase the existing capital project ordinance by $2,560,000 to a total of $3,000,000. Funding source: Appropriated Fund Balance currently budgeted in the existing EMS Maintenance & Logistics Facility capital project ordinance.
Independence Center Parking Deck Repairs - approve a new capital project ordinance for $600,000. Funding source: Appropriated Fund Balance currently budgeted in the existing EMS Maintenance & Logistics Facility capital project ordinance.
EMS Maintenance & Logistics Facility - reduce the existing capital project ordinance by $3,160,000 to fund the High Point and Independence Center Parking Deck Repair ordinances. Funding source: Appropriated Fund Balance
end
BUDGET IMPACT
Budget Impact
Capital Project Ordinances
Old Courthouse Renovation
County Building Construction Fund
$7,900,000 Increase in General Obligation Bonds (2/3rds Bonds) or other future borrowed financing proceeds
$7,900,000 Increase in Appropriation to Old Courthouse Renovation
High Point Parking Deck Repairs
County Building Construction Fund
$2,560,000 Increase in Appropriated Fund Balance
$2,560,000 Increase in Appropriation to High Point Parking Deck Repairs
Independence Center Parking Deck Repairs
County Building Construction Fund
$600,000 Increase in Appropriated Fund Balance
$600,000 Increase in Appropriation to Independence Center Parking Deck Repairs
EMS Maintenance & Logistics Facility
County Building Construction Fund
$3,160,000 Decrease in Appropriated Fund Balance
$3,160,000 Decrease in Appropriation to EMS Maintenance and Logistics Facility
end
REQUESTED ACTION
Requested Action
Approve attached new and/or amended Old Courthouse Renovation (increase existing), High Point Parking Deck Repairs (increase existing), Independence Center Parking Deck Repairs (add new), and EMS Maintenance & Logistics Facility (reduce existing, to transfer funds to the parking deck projects) capital project ordinances as outlined in the attachments and Budget Impact and Background sections.
end