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File #:
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18-8185
Version:
1
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Name:
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Second Public Hearing on FY 2018/2019 CIP Budgets
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Type:
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Ordinance
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Status:
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Items for Individual Consideration
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On agenda:
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9/18/2018
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Final action:
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9/18/2018
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Title:
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Second Public Hearing on the FY 2018/2019 Capital Improvement Projects Budgets and Ordinance adopting the FY 2018/2019 Capital Improvement Projects Budget
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From
Patricia Alexander
Title
Second Public Hearing on the FY 2018/2019 Capital Improvement Projects Budgets and Ordinance adopting the FY 2018/2019 Capital Improvement Projects Budget
Presenter
Cathy Patrick, Management Services Director
Recommend Action
Conduct Second Public Hearing and Approve
Analysis
On August 7, 2018 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 23, 2018.
Financial Consideration
The FY 2018/2019 Capital Improvement Projects Budgets proposed total is $102,729,181. Detailed by fund for the Proposed FY 2018/2019 Capital Improvement Projects Budgets are as summarized as follows:
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Proposed Appropriations : |
102,729,181 |
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Airport |
1,409,155 |
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Capital Reserve |
1,703,813 |
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Epic Central |
7,100,000 |
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Fire |
3,770,317 |
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Information Technology |
1,428,912 |
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Lake |
300,000 |
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Library |
50,551 |
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Municipal Facilities |
45,510,640 |
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Parks |
2,710,000 |
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Storm Water |
5,514,145 |
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Streets |
17,688,648 |
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Solid Waste |
940,000 |
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Water |
9,060,000 |
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Wastewater |
5,543,000 |
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Funding sources: |
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Cash/Other resources |
37,904,984 |
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Certificates of Obligation |
42,253,135 |
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MFAC Revenue Bonds |
21,300,000 |
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Cost of Issuance |
1,271,062 |
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, ADOPTING THE 2018-2019 CAPITAL IMPROVEMENT PROJECTS BUDGET SUBMITTED BY THE CITY MANAGER OF THE CITY OF GRAND PRAIRIE, TEXAS, IN THE AMOUNT OF $102,729,181 WITH DETAIL BELOW BY FUND
WHEREAS, the City Manager of the City of Grand Prairie has prepared a budget providing the capital improvements project development for the cityFY 2018/20192019; 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 2018/2019 Capital Improvement Projects Budget as prepared and assembled by the City Manager of Grand Prairie is approved as follows:
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Airport Capital Projects Fund |
1,409,155 |
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Capital Reserve Projects Fund |
1,703,813 |
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EPIC Central |
7,100,000 |
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Fire Capital Projects Fund |
3,770,317 |
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Information Tech Capital Projects Fund |
1,428,912 |
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Lake Parks Capital Projects Fund |
300,000 |
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Library Capital Projects Fund |
50,551 |
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Municipal Facilities Project Fund |
45,510,640 |
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Park Capital Projects Fund |
2,710,000 |
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Storm Water Utility Capital Projects Fund |
5,514,145 |
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Streets Capital Projects Fund |
17,688,648 |
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Solid Waste Capital Projects Fund |
940,000 |
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Water Capital Projects Fund |
9,060,000 |
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Wastewater Capital Projects Fund |
5,543,000 |
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TOTAL CIP APPROPRIATIONS |
102,729,181 |
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON THIS THE 18TH DAY OF SEPTEMBER, 2018.
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