From
Rita Heep
Title
Ordinance amending the FY 2016/2017 Capital Improvement Projects Budget appropriating unallocated funds in the amount of $948,413 for Main Street projects
Presenter
Marty Wieder, Director of Economic Development
Recommended Action
Approve
Analysis
As a continuation of revitalization of the Main Street area, staff is requesting funds for Downtown holiday decor, curb appeal and incentives for new restaurants. Funds may also be used for surveys and studies to assist in recommendations for additional Downtown area improvements.
All purchases made with these funds will be in accordance with purchasing requirements with various vendors. Staff will utilize current price agreements, cooperative contracts such as BuyBoard or competitive bids for such purchases.
Financial Consideration
Funding for the Main Street projects is available from a Sports Corporation donation, in the amount of $948,413, and will transferred to the Municipal Facilities Capital Projects Fund (405090) WO #01402403 (Downtown Main Street Phase IV). This project was approved by the Sports Corp Board in 2014.
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, AMENDING THE FY 2016/2017 CAPITAL IMPROVEMENT PROJECTS BUDGET BY RECEIVING A DONATION IN THE AMOUNT OF $948,413 FROM THE SPORTS CORPORATION TO THE MUNICIPAL FACILITIES CAPITAL PROJECTS FUND (405090), WO #01402403 (DOWNTOWN MAIN STREET PHASE IV)
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS:
SECTION 1. THAT THE FY 2016/2017 Capital Improvement Projects Budget be amended by appropriating $948,413 received from a Sports Corporation donation to the Municipal Facilities Capital Projects Fund (405090), WO #01402403 (Downtown Main Street Phase IV).
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON THIS THE 18TH DAY OF JULY, 2017.