 |
AGENDA ITEM REVIEW FORM |
3.B.
Special City Council Meeting
- Meeting Date:
- 03/17/2021
- Department Head:
- Jenny Torres
- Submitted By:
- Jenny Torres, Economic Development Manager, Administration, Economic Development
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding authorization for a budget transfer to have budget authority to spend the Arizona Department of Transportation Grant awarded. (Jenny Torres, Economic Development Manager)
SUMMARY:
The City of San Luis received a grant in the amount of $500,000.00 from the Arizona Department of Transportation (ADOT) for the Magrino Industrial Park Phase No. 3 base phase roadway improvements. The City of San Luis is scheduled to award the construction contract at the March 17, 2021, Special Council meeting. The Greater Yuma Port Authority will pay ten percent (10%) match or $50,000.00 as required by the ADOT grant and stipulated in the intergovernmental agreement (IGA) between the City of San Luis and Greater Yuma Port Authority (GYPA) approved on June 24, 2020. In addition, the Greater Yuma Port Authority will provide $21,997.80 for engineering services.
Staff is requesting that the City Council authorize a budget transfer to the Special Revenue Account 255-210-44000.225 to have budget capacity in the Special Revenue Account 255-210-90015.225 to spend the $571,997.80 funds.
Staff is requesting that the City Council authorize a budget transfer to the Special Revenue Account 255-210-44000.225 to have budget capacity in the Special Revenue Account 255-210-90015.225 to spend the $571,997.80 funds.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE BUDGET TRANSFER AS PRESENTED.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- $571,997.80
- TOTAL:
- $571,997.80
- BUDGETED AMOUNT:
- See fiscal impact statement
- AVAILABLE AMOUNT TO TRANSFER:
- YES
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- Special Revenue Account # 255-210-44000.225
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
Request budget transfer as follows:
From account 100-999-90015 to account 255-210-44000.225 $500,000.00
From account 100-110-80005 to account 255-210-44000.225 $ 71,997.80
$571.997.80 expenditure includes $500,000.00 ADOT grant, $50,000.00 GYPA grant match and $21,997.80 engineering services to be paid by GYPA.
From account 100-999-90015 to account 255-210-44000.225 $500,000.00
From account 100-110-80005 to account 255-210-44000.225 $ 71,997.80
$571.997.80 expenditure includes $500,000.00 ADOT grant, $50,000.00 GYPA grant match and $21,997.80 engineering services to be paid by GYPA.