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Approve the Miscellaneous Budget Ordinance Amendment to Adjust Various Fund Budgets for FY 2020-21.
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Staff:
Department:
Amy Oland, Director
Business Management
Overview: After the Council approves the annual budget, periodic changes require the Town to amend the current budget.
Recommendation(s):
That the Council:
* Enact the attached budget ordinance amendment to adjust the Capital Improvement Fund; and
* Enact the attached project ordinance amendments to adjust the Capital Projects Ordinance Fund, Affordable Housing Fund, 2003 Library Renovations Bond Fund, 2012 Two-Thirds Bond Fund, 2012 Limited Obligation Bond Fund, and the 2017 Two-Thirds Bond Fund.
Key Issues:
* Capital Improvement Fund
Fire at Town Hall - Town Hall was broken into on Sunday, July 5th and a small fire was set in the second floor lobby. As a result, there is fire restoration clean-up work to be done. At this time, we do not know the total amount of damage or what we will receive from the insurance claim. Enactment of the attached budget ordinance amendment would appropriate $100,000 from the Capital Improvement Fund balance to pay for the fire clean-up work.
828 MLK Jr Blvd Remediation Project - Due to unanticipated excess runoff from heavy rains and the need for quality management and project oversight related to the contaminated materials, the Coal Ash Remediation project at the police station property has exceeded original cost estimates. Enactment of the attached budget ordinance amendment would appropriate $50,000 from the Capital Improvement Fund balance to transfer to the Capital Projects Ordinance Fund to complete the project.
HD Virtual Meeting Broadcast - The equipment in the GovTV room is needs immediate replacement. The current plan would replace two pieces of equipment and provide connection to Spectrum GovTV for a total cost of $75,250. This setup provides the best option to work with virtual meetings and is convertible when the Town restarts in-per...
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