From
Kathleen C. Mercer
Title
Second Public Hearing and adoption of the FY 2017/2018 Capital Improvement Projects Budgets
Recommended Action
Approve
Analysis
On August 1, 2017 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 25, 2017.
Financial Consideration
The FY 2017/2018 Capital Improvement Projects Budgets proposed total is $90,562,080. Detail by fund for the Proposed FY 2017/2018 Capital Improvement Projects Budgets are summarized as follows:
Proposed Appropriations : $90,562,080
Airport $275,000
Capital Reserve $2,546,969
Fire $9,946,254
Library $5,099,476
Municipal Facilities $10,009,100
Parks $4,502,499
Storm Water $5,510,500
Streets $25,370,652
Solid Waste $196,790
Water $20,742,266
Wastewater $6,362,574
Funding sources:
Cash/Other resources $46,906,229
Certificates of Obligation $39,886,525
Water Revenue Bonds $2,913,332
Cost of Issuance $855,994
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, APPROVING FY 2017/20182018 CAPITAL IMPROVEMENT PROJECTS BUDGET SUBMITTED BY THE CITY MANAGER OF THE CITY OF GRAND PRAIRIE, TEXAS IN THE AMOUNT OF $90,562,080 WITH DETAIL BELOW BY FUND.
WHEREAS, the City Manager of the City of Grand Prairie has prepared a budget providing the capital improvement project development for the City in Fy 2017/2018; and
WHEREAS, the City Council has reviewed the budget and directed modifications when necessary; and
WHEREAS, the appropriation for each project is based on an estimate of the cost even though the actual contract bid will vary, therefore
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 adopt the ...
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