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7.5.
Regular City Council Meeting
Meeting Date:
04/13/2021
Information
Agenda Item
Budget Ordinance Amendment 1st Reading - Finance:
Consider Budget Ordinance Amendment 13, amending the FY 2020-21 Budget for municipal purposes respecting the North Overton TIF Operating Fund and the North Overton TIF Capital Fund to appropriate funding for Capital Improvement Project 92593 Roy Furr Pioneer Park.
Item Summary
On March 23, 2021, the City Council postponed consideration of this item to April 13, 2021.
Amend the FY 2020-21 North Overton TIF Operating Budget by increasing the Transfer to North Overton TIF Capital by $900,000 from $600,000 to $1,500,000. The funding will be cash from the North Overton TIF Fund Balance.
Amend CIP 92593, Roy Furr Pioneer Park, and increase the appropriation and funding by $900,000 from $1,100,000 to $2,000,000. The additional funding will come from the North Overton TIF Fund Balance.
Fiscal Impact
Included in Item Summary
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer
Attachments
Ordinance - BA 13(c)
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