File #: 19-9235    Version: 1 Name: First Public Hearing on the FY 2019/2020 Capital Improvement Projects Budgets
Type: Ordinance Status: Adopted
File created: 8/7/2019 In control: Budget
On agenda: 9/17/2019 Final action: 9/17/2019
Title: Second Public Hearing and adoption of the FY 2019/2020 Capital Improvement Projects Budget and Ordinance adopting the FY 2019/2020 Capital Improvement Projects Budget

From

Kathleen Mercer

 

Title

Second Public Hearing and adoption of the FY 2019/2020 Capital Improvement Projects Budget and Ordinance adopting the FY 2019/2020 Capital Improvement Projects Budget

 

Presenter

Kathleen Mercer, Director of Budget/Purchasing

 

Recommended Action

Conduct Second Public Hearing and Approve

 

Analysis

On August 6, 2019 the City Manager’s proposed budget was submitted to the City Council. An overview of the proposed budget was presented to the City Council at the briefing session.  The City Council met to deliberate the proposed budget at the workshop on August 22, 2019.

 

 

Financial Consideration

The FY 2019/2020 Capital Improvement Projects Budgets proposed total is $71,534,691.  Detail by fund for the Proposed FY 2019/2020 Capital Improvement Projects Budgets are summarized as follows:

 

Proposed Appropriations :

          $71,534,691

 Airport  

                 217,965

 Capital Reserve  

                 433,046

 EPIC  

                 400,000

 EPIC Central 

                 400,000

 Fire  

             9,223,833

 IT

             1,632,900

 Lake  

             3,204,000

 Library  

                 255,000

 Municipal Facilities 

             8,531,120

 Parks  

             2,523,000

 Police

                 723,500

 Storm Water 

             6,045,000

 Streets  

           16,275,760

 Solid Waste  

                 762,300

 Water  

           12,611,603

 Wastewater 

             8,299,664

Funding sources:

 

  Cash/Other resources

           32,429,808

  Certificates of Obligation

           32,981,977

  Revenue Bonds

             5,305,164

  Cost of Issuance

                817,742

 

 

Body

AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, ADOPTING THE FY 2019/2020 CAPITAL IMPROVEMENT PROJECTS BUDGESUBMITTEDED BY THE CITY MANAGER OF THE CITY OF GRAND PRAIRIE, TEXAS IN THE AMOUNT OF $71,534,691 WITH THE DETAIL BELOW BY FUND

 

WHEREAS, the City Managers of the City of Grand Prairie has prepared a budget providing the capital improvements project development for the City in FY 2019/2020; and

 

WHEREAS, the City Council has revised the budget and has directed certain modifications be made; and

 

WHEREAS, the appropriation for each project is based on an estimate of the cost even though the actual contract bid will vary.

 

NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS;

 

SECTION 1.  THAT the City Council of the City of Grand Prairie hereby adopts the FY 2019/2020 Capital Improvement Projects Budget as prepared and assembled by the City Manager of Grand Prairie is approved as follows:

 

 Airport Capital Projects Fund

          217,965

 Capital Reserve Projects Fund

          433,046

 EPIC Projects Fund

          400,000

 EPIC Central Projects Fund

          400,000

 Fire Capital Projects Fund

       9,223,833

 IT Capital Projects Fund

       1,632,900

 Lake Capital Projects Fund

       3,204,000

 Library Capital Projects Fund

          255,000

 Municipal Facilities Projects Fund

       8,531,120

 Parks Capital Projects Fund

       2,523,000

 Police Capital Projects Fund

          723,500

 Storm Water Utility Capital Projects Fund

       6,086,000

 Streets Capital Projects Fund

     16,275,760

 Solid Waste Capital Projects Fund

          762,300

 Water Capital Projects Fund

     12,611,603

 Wastewater Capital Projects Fund

       8,299,664

TOTAL CIP APPROPRIATIONS

     71,579,691

 

PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON THIS THE 17TH OF SEPTEMBER, 2019.