From
Kathleen C. Mercer
Title
Second Public Hearing on the FY 2014/2015 Capital Improvement Projects Budget and an Ordinance Adopting the FY 2014/2015 Capital Improvements Projects Budget
Presenter
Kathleen C. Mercer, Director of Budget/Purchasing
Recommended Action
Conduct Second Public Hearing and Approve
Analysis
On July 22, 2014 the City Council met to deliberate the proposed Capital Improvement Projects Budget. On Sepember 2, 2014, an additional project was added in the amount of $12, 100,000.
Financial Consideration
The proposed capital improvements project budget totals $66,221,336 and will be funded with certificates of obligation and existing resources. The projects and funding sources are categorized as follows:
Proposed Appropriations : 66,221,336
Airport 940,000
Capital Reserve 1,644,367
Fire 8,622,300
Lake 254,000
Library 968,694
Municipal Facilities 15,731,355
Parks 1,528,000
Police 13,460,000
Storm Water 4,451,512
Streets 5,646,108
Solid Waste 324,000
Water 7,296,000
Wastewater 5,355,000
Funding sources:
Cash/Other resources 30,448,817
Certificates of Obligation 33,110,312
Cost of Issuance 662,207
Sports Corp. Donation 2,000,000
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, APPROVING THE FY 2014/2015 CAPITAL IMPROVEMENT PROJECTS BUDGET SUBMITTED BY THE CITY MANAGER OF THE CITY OF GRAND PRAIRIE, TEXAS, IN THE AMOUNT OF $66,221,336 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 City in FY 2014/2015; and
WHEREAS, the City Council has revised the budget and has directed certain modifications be made; and
WHEREAS, the appropriation for each project is ...
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