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AI# 13056  Regular City Council Meeting 6.2. 12/03/2024:

Information

Agenda Item

Budget Ordinance Amendment 1st Reading - Finance: Consider Budget Ordinance Amendment 4, amending the FY 2024-25 Budget for municipal purposes respecting the Gateway Capital Project Fund to establish Capital Improvement Project 92895, East 19th Street from Keel Avenue to East Loop 289; providing for filing; and providing for a savings clause.

Item Summary

Establish Capital Improvement Project 92895, East 19th Street, from Keel Avenue to East Loop 289, and appropriate funding in the amount of $750,000. Funding will be from the Impact Fee Service Area D Fund. Amend the Impact Fee Service Area D Fund Transfer to the Gateway Capital Project Fund by increasing the appropriation by $750,000, from $0 to $750,000. Funding will be from Fund Balance. The purpose of this project is to expand the existing 2-lane asphalt road to a 4-lane concrete road.

Fiscal Impact

$750,000 from the Impact Fee Service Area D Fund. The 2018 Master Thoroughfare Plan calls for 19th Street from Keel Avenue to East Loop 289 to be a Minor Arterial. Expanding this portion of 19th Street will support existing and future traffic loads.

Staff/Board Recommending

Cheryl Brock, Interim Chief Financial Officer

Attachments Budget Amendment 4

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