From
Cathy DiMaggio
Title
Ordinance amending the FY 2018/2019 Capital Improvement Projects Budget; approve a $2 million appropriation in the Municipal Facilities Capital Projects Fund for economic redevelopment expenses and an $800,000 appropriation in the Parks Capital Projects Fund for Splash Factory Improvements
Presenter
Tom Hart, City Manager, and Cheryl DeLeon, Parks, Arts and Recreation Director
Recommended Action
Approve
Analysis
The Grand Prairie Sports Facilities Development Corporation met on May 6 and approved the City’s request to fund the two projects below:
1) $2 million for economic development purposes including re-development, new development and business incentives related to development
2) $800,000 for the Charley Taylor Rec Center Splash Factory Improvements.
The City Council must appropriate these funds in order to expend them.
Financial Consideration
Funding the economic development purposes including re-development, new development and business incentives related to development, in the amount of $2,000,000, is available by approving an ordinance transferring and appropriating from the Grand Prairie Sports Facilities Development Corporation Fund to the Municipal Facilities Fund (405090), WO #01916701 (Re and New ECO Development) and for the Charley Taylor Rec Center Splash Factory Improvements, in the amount of $800,000, is available by approving an ordinance transferring and appropriating from the Grand Prairie Sports Facilities Development Corporation Fund to the Park Capital Projects Fund (317193), WO #01916803 (Splash Factory Improvements).
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, AMENDING THE FY 2018/2019 CAPITAL IMPROVEMENT PROJECTS BUDGET BY TRANSFERRING AND APPROPRIATING $2,000,000 FROM THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION FUND TO THE MUNICIPAL FACILITIES FUND (405090), WO #01916701 (RE AND NEW ECO DEVELOPMENT) AND $800,000 TO THE PARK CAPITAL PROJECTS FUND (317193), WO #0191...
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