Approve a budget adjustment from undesignated fund balance (Fund 801) to support a bridge replacement project at Bayou Golf Course.

The Parks, Recreation and Tourism Department recently approached the Texas City Economic Development Corporation to seek additional funding for a bridge replacement project at Bayou Golf Course. Due to the recent bid opening where the project came in with a higher cost than expected, additional funding was needed to pay for the cost of the full project, approximately $532,042 total. 

With respect to the use of EDC funding for this purpose, Texas cities and counties have the authority to utilize funds from local sales tax for economic development purposes. Specifically, as a Type A Corporation, the TCEDC is able to grant recreational and parks incentive grants, provided that the grant activity promotes economic development and stimulates business activity.

During the November 19 meeting of the Texas City Economic Development Corporation, the Board approved an incentive grant for the bridge replacement, as well as a budget adjustment in the amount of $281,959. This amount would cover the difference between the funds approved in the Parks, Recreation and Tourism FY25 budget and the total estimated cost of the project.

If approved by the City Commission, staff will request a budget adjustment wherein the Finance Department would be authorized to transfer $281,959 from the undesignated fund balance (Fund 801) into the FY26 budget to provide the funds. 
 

Approve a budget adjustment from undesignated fund balance (Fund 801) to support a bridge replacement project at Bayou Golf Course.