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replace $1,715,000 in previously budgeted local funds, but did not transfer or re- appropriate the local savings; and WHEREAS, this Ordinance amends Ordinance 2018 -69 to transfer the $1,715,000 in savings to the Pavilion Mast /Canopy Replacement Project; and WHEREAS, additional revenue is available within the Capital Improvement Fund in the form of (1) $224,000 in interest on the proceeds of the City's Series 2006C Bond issuance (2) $250,000 in Permit- Restricted Parking Revenue (Willett Hall) (3) the transfer of $150,000 from the City Gateways Project (Project 14019), and (4) the transfer of $100,000 from the 801 Water Street Project (Project 14415); and WHEREAS, this Ordinance recognizes the 2006C interest revenue and appropriates the $224,000 to the Pavilion Mast /Canopy Replacement Project; recognizes the Permit- Restricted Parking Revenue and appropriates the $250,000 to the Pavilion Mast /Canopy Replacement Project; transfers $150,000 from the City Gateway Project to the Pavilion Mast /Canopy Replacement Project and reduces revenues in and appropriations to the City Gateway Project accordingly; and transfers $100,000 from the 801 Water Street Project to the Pavilion Mast /Canopy Replacement Project and reduces revenues in and appropriations to the 801 Water Street Project accordingly. NOW THEREFORE BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: 1. That it approves the sole source procurement of Span Systems, Inc. for the replacement of the canopy at the Union Bank & Trust Pavilion. 2. That a new project titled "Pavilion Mast /Canopy Replacement Project" is established in the Municipal Facilities category of the FY 2019 Capital Improvement Fund. 3. That Ordinance 2018 -69 adopted on July 24, 2018 is hereby amended to provide that the $1,715,000 reduced from the Local Funding- Future Bond Issuance revenue line item within the Paradise Creek (Victory Boulevard) Bridge Project (consisting of $215,000 of FY 2018 appropriated revenues and $1,500,000 of FY 2019 appropriated revenues) is hereby transferred to the Pavilion Mast /Canopy Replacement Project. 4. That $224,000 in interest on the proceeds from the City's Series 2006C Bond issuance is hereby recognized as revenue in the FY 2019 Capital Improvement Fund Budget and appropriated to the Pavilion Mast /Canopy Replacement Project. 5. That $250,000 in Permit- Restricted Parking Revenue (Willett Hall) is hereby recognized as revenue in the FY 2019 Capital Improvement Fund Budget and appropriated to the Pavilion Mast /Canopy Replacement Project.