Minutes 03/13/2007 - Laserfiche WebLink

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March 13. 2007 07 - 117 - Adoption of an ordinance to amend the FY 2006-2007 Capital Improvements Program (CIP) by reprogramming the sum of $1,000,000 within the FY 2006-2007 Capital Projects Fund for various projects. Vision Principle: A Robust and Prospering Economy. Background: . The CIP currently includes $1,000,000 in funding beyond the requirements for the Park View Acquisitions capital project ($700,000) and the School Disposition capital project ($300,000). . One new and three existing capital projects have been identified with immediate funding needs totaling $1,000,000 for FY 2006-2007. Discussion: . The sum of $100,000 will initiate funding for the Cradock Neighborhood Rehabilitation capital project. This initiative represents a new capital project that is planned to be funded at $150,000 in the FY 2007-2008 CIP, and $250,000 in the FY 2008-2009 C I P. . The sum of $350,000 will supplement funding for the Seawall reinforcement capital project. This additional funding will enable the first phase of reinforcement to begin in FY 2006-2008. . The sum of $500,000 will replenish funding previously reprogrammed to construct a Fire Vehicle Storage Facility ($350,000) and add additional funding for the acquisition of the property site ($150,000). This funding will enable the construction of a facility for fire vehicles and heavy equipment that are not currently being stored in a facility. . The sum of $50,000 will complete funding for the APM Terminals/Maersk capital project. This additional funding will increase the total funding for this capital project to $1,000,000. Financial Impact: . This CIP reprogramming will not change the total appropriations in the Capital Projects Fund budget. Staff Recommends: Adoption of proposed ordinance. Vision Principles: Bold New Directions and A Robust and Prospering Economy. Next Steps Following Council Action: . The CFO will ensure that the budget action needed to reprogram the applicable appropriations in the Capital Projects Fund by $1,000,000 is processed immediately upon adoption of the ordinance. Motion by Mr. Moody, and seconded by Ms. Randall, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TO AMEND THE FY 2006-2007 CAPITAL IMPROVEMENTS PROGRAM BY REPROGRAMMING THE SUM OF $1,000,000 WITHIN THE FY 2006- 2007 CAPITAL PROJECTS FUND FOR VARIOUS PROJECTS." Ayes: Heretick, Moody, Psi mas, D. Smith, Holley Nays: None 07 - 118 - Adoption of an ordinance accepting a grant in the amount of $243,925 from the Virginia Department of Fire Programs and appropriating said amount in the FY 2006-2007 Grants Fund Budget for use by the Department of Fire, Rescue, and Emergency Services for fire protection equipment and training programs. Vision Principles: Thriving Neighborhoods and a Sense of Community and Lifelong Learning Community.