From
Kathleen C. Mercer
Title
Ordinance amending the FY 2019/2020 Capital Improvement Projects Budget; Authorization to appropriate $38,550,000 for EPIC Central Projects
Presenter
Kathleen C. Mercer, Director of Budget/Purchasing, and Becky Brooks, CFO
Recommended Action
Approve
Analysis
The City of Grand Prairie, City Council approved the intent to sale Series 2019A Certificates of Obligation on June 07, 2019 19-9057. The bonds have been received to the City and distributed to the EPIC Central Capital Projects Fund.
This Council action will appropriate such funds to the following activities:
|
|
|
|
EPIC CENTRAL PROJECT ROLL UP |
|
38,550,000 |
|
02001 |
EPICCLPG |
|
Parking |
|
6,800,000 |
|
02002 |
EPICCLPB |
|
Pickleball |
|
8,000,000 |
|
02003 |
EPICCLPD |
|
Project Design |
|
4,600,000 |
|
02004 |
EPICCLST |
|
Streets |
|
3,000,000 |
|
02005 |
EPICCLLA |
|
Landscaping and Amenities |
|
5,000,000 |
|
02006 |
EPICCLLS |
|
Light Show |
|
3,600,000 |
|
02007 |
EPICCLCO |
|
Contingency |
|
3,000,000 |
|
02008 |
EPICCLPS |
|
Pad Sites |
|
4,550,000 |
All of the above activities will roll up to one major project, and will be reported to the City Manager's Office along with the Finance and Government Committee members on a monthly basis through the Capital Project Budget Report (CPBR) .
An additional amount of appropriations $7,000,000 for the Conference Center is available in the TIF Fund 3601. Because it is in the TIF Fund it does require an ordinance in order to appropriate the money.
Financial Consideration
Funding from the bonds received, in the amount of $38,550,000, is available by approving an ordinance transferring and appropriating from the unobligated fund balance the EPIC Central Capital Projects Fund (360193):
|
|
|
|
EPIC CENTRAL PROJECT ROLL UP |
|
38,550,000 |
|
02001 |
EPICCLPG |
|
Parking |
|
6,800,000 |
|
02002 |
EPICCLPB |
|
Pickleball |
|
8,000,000 |
|
02003 |
EPICCLPD |
|
Project Design |
|
4,600,000 |
|
02004 |
EPICCLST |
|
Streets |
|
3,000,000 |
|
02005 |
EPICCLLA |
|
Landscaping and Amenities |
|
5,000,000 |
|
02006 |
EPICCLLS |
|
Light Show |
|
3,600,000 |
|
02007 |
EPICCLCO |
|
Contingency |
|
3,000,000 |
|
02008 |
EPICCLPS |
|
Pad Sites |
|
4,550,000 |
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, AMENDING THE FY 2019/2020 CAPITAL IMPROVEMENT PROJECTS BUDGET BY TRANSFERRING AND APPROPRIATING FROM THE UNOBLIGATED FUND BALANCE IN THE EPIC CENTRAL FUND (360093) $6,800,000 TO EPICCLPG (PARKING), $8,000,000 TO EPICCLPB (PICKLEBALL), $4,600,000 TO EPICCLPD (PROJECT DESIGN), $3,000,000 TO EPICCLST (STREETS), $5,000,000 TO EPICCLLA (LANDSCAPING AND AMENITIES), $3,600,000 TO EPICCLLS (LIGHT SHOW), $3,000,000 TO EPICCLCO (CONTINGENCY) AND $4,550,000 TO EPICCLPS (PAD SITES).
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS:
SECTION 1. THAT THE FY 2019/2020 Capital Improvement Projects Budget be amended by transferring and appropriating from the unobligated fund balance in the EPIC Central Capital Projects Fund (360193) $6,800,000 TO EPICCLPG (PARKING).
SECTION 2. THAT THE FY 2019/2020 Capital Improvement Projects Budget be amended by transferring and appropriating from the unobligated fund balance in the EPIC Central Capital Projects Fund (360193) $8,000,000 TO EPICCLPB (PICKLEBALL).
SECTION 3. THAT THE FY 2019/2020 Capital Improvement Projects Budget be amended by transferring and appropriating from the unobligated fund balance in the EPIC Central Capital Projects Fund (360193) $4,600,000 TO EPICCLPD (PROJECT DESIGN).
SECTION 4. THAT THE FY 2019/2020 Capital Improvement Projects Budget be amended by transferring and appropriating from the unobligated fund balance in the EPIC Central Capital Projects Fund (360193) $3,000,000 TO EPICCLST (STREETS).
SECTION 5. THAT THE FY 2019/2020 Capital Improvement Projects Budget be amended by transferring and appropriating from the unobligated fund balance in the EPIC Central Capital Projects Fund (360193) $5,000,000 TO EPICCLLA (LANDSCAPING AND AMENITIES).
SECTION 6. THAT THE FY 2019/2020 Capital Improvement Projects Budget be amended by transferring and appropriating from the unobligated fund balance in the EPIC Central Capital Projects Fund (360193) $3,600,000 TO EPICCLLS (LIGHT SHOW).
SECTION 7. THAT THE FY 2019/2020 Capital Improvement Projects Budget be amended by transferring and appropriating from the unobligated fund balance in the EPIC Central Capital Projects Fund (360193) $3,000,000 TO EPICCLCO (CONTINGENCY).
SECTION 8. THAT THE FY 2019/2020 Capital Improvement Projects Budget be amended by transferring and appropriating from the unobligated fund balance in the EPIC Central Capital Projects Fund (360193) $4,550,000 TO EPICCLPS (PAD SITES).
SECTION 9. THAT THE FY 2019/2020 Capital Improvement Projects Budget for the Epic Central Capital Projects Fund will be appropriated by City Council and managed by the City Manager in the aggregate amount, allowing flexibility to transfer funding between these individual eight (8) activities as needed based on updated design, construction, and cost information as it is available. City Manager will continue to bring individual contracts forward to City Council for approval as required.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, THE 3RD DAY OF MARCH, 2020.