Laserfiche WebLink
E °""INANE N .._._.� <br />AN ORDINANCE APPROVING THE FY 2018 -2022 CAPITAL IMPROVEMENT <br />PROGRAM AND APPROPRIATING $43,378,713 IN THE FY 2018 CAPITAL <br />IMPROVEMENT FUND AND $6,104,000 IN THE FY 2018 PUBLIC UTILITIES <br />CAPITAL IMPROVEMENT FUND. <br />WHEREAS, the City Manager has submitted to the City Council the Capital Improvement <br />Program for FY 2018 through 2022 and the funding for Year One of the Capital Improvement <br />Program; and <br />WHEREAS, public hearings have been held to receive public comments on the five -year <br />Capital Improvement Program and on funding for Year One of the Capital Improvement <br />Program. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That the estimated revenues and revenue contributions and the appropriation of <br />funds to finance the Capital Improvement budgets of and for the City of Portsmouth, Virginia, for <br />the period beginning July 1, 2017 and ending June 30, 2018, be, and the same hereby are, as <br />follows: <br />Capital Improvement Fund Revenue <br />State Categorical Aid <br />$32,000 <br />State Funding - VDOT <br />5,952,437 <br />Charges for Services <br />50,000 <br />Operating Transfers In <br />10,043,535 <br />Project Closeouts - Contingency <br />500,000 <br />Bond Proceeds <br />26,800,741 <br />Total Revenues <br />$43,378,713 <br />Public Utility CIP Fund Revenue <br />Operating Transfer In $6,104.00 <br />0 <br />Total Revenues $ 6,104,000 <br />2. That the five -year FY 2018 -2022 Capital Improvement Program is hereby <br />approved with fiscal years 2019 through 2022 being non - appropriated subsequent planning <br />years. <br />3. That the sums of $43,378,713 in the FY 2018 Capital Improvement Fund and <br />$6,104,000 in the FY 2018 Public Utilities Capital Improvement Fund, be, and the same hereby <br />are, appropriated for expenditure in the following categories and amounts to implement the FY <br />2018 -2022 Capital Improvement Program: <br />