Agenda No. 12.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | January 11, 2022 |
| Department: | Finance |
| Subject: | Ordinance No. 22-T-04 - Consideration and/or action approving an Ordinance by the City Council of the City of Schertz Texas, authorizing an adjustment to the Fiscal Year 2021-2022 Budget to upgrade electrical poles, repealing all ordinances or parts of ordinances in conflict with this ordinance; providing an effective date; and declaring an emergency. First and Final Reading (M. Browne/C. Kelm/J. Walters) |
BACKGROUND
If approved to move forward with purchasing metal utility poles through CPS energy, this ordinance will approve the budget to make the expenditure as described by Resolution 22-R-06.
GOAL
The goal of this ordinance is to amend the fiscal year 2021-2022 budget to provide funding metal utility poles for FM 1518.
COMMUNITY BENEFIT
Metal poles have longer useful lives and adhere to the City's development standards.
SUMMARY OF RECOMMENDED ACTION
Staff recommends the approval of Ordinance 22-T-04 on first and final reading authorizing the budget adjustment.
FISCAL IMPACT
This ordinance will allocate $505,411.00 from the City’s General Fund reserves. The City currently has $12,200,000 estimated in its unassigned reserves as of September 30, 2021.
RECOMMENDATION
Staff recommends approval of Ordinance 22-T-04 on first and final reading.