Minutes 12/11/2007 - Laserfiche WebLink

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December 11. 2007 Background: . Discovery of loose concrete in the County Street parking garage ultimately led to the closure of the top floor of the garage, and the necessity for the emergency replacement of the ramp leading from the third to the second level of the garage. Additionally this has also led to the need for additional future scheduled repairs. Discussion: . Replacement of the County Street garage ramp is needed in order to re-open the third level of the garage. . Monies in the Capital Improvement Fund Budget for Parking Garage Repairs are planned for needed repairs to the City Hall garage. . After the completion of priority repairs, funds are available in the Seawall Repair Capital Project as a result of favorable bids on that project. . Due to the critical nature of the repairs needed, the repairs to the County Street garage cannot be delayed until the next budget year. It is recommended that $400,000 be transferred from the Seawall Project to the Parking Garage Project to provide for the critical repairs needed. Financial Impact: . Transfer of these funds will address emergency needs. Future needed repairs that can be scheduled will be submitted through the upcoming year's Capital Improvement Program. Staff Recommends: Approval of proposed ordinance. Vision Principle: Thriving Neighborhoods and a Sense of Community. Next Steps Following Council Action: . To proceed with emergency repairs needed at the County Street parking garage. Motion by Mr. Moody, and seconded by Ms. Randall, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TO APPROPRIATE $400,000 IN THE FY 2007-2008 CAPITAL IMPROVEMENT FUND FOR THE PARKING GARAGE CAPITAL PROJECT AND TO AUTHORIZE THE TRANSFER OF SAID SUM FROM THE SEAWALL REPAIRS CAPITAL PROJECT IN THE FY 2007-2008 CAPITAL IMPROVEMENTS FUND." Ayes: Heretick, Moody, Psi mas, Randall, D. Smith, R. Smith, Holley Nays: None 07 - 517 - Adoption of a resolution approving the application of the Portsmouth School Board to the State Board of Education for a Literary Fund loan in the amount of $7,500,000 for the construction of the New Simonsdale Elementary School. Vision Principle: Lifelong Learning Community. Background: . The School Board wishes to fund a portion of the construction costs for the new Simonsdale Elementary School through a $7,500,000 State Literary Fund loan because of the favorable 2% interest rate for such loans. . A Literary Fund loan, by law, is deemed part of a locality's indebtedness. . State law requires approval of the loan by a locality prior to the disbursement of any Literary Fund monies. Discussion: . The proposed new Simonsdale Elementary School, which is estimated to cost $18,750,000, is part of the School Board's adopted Facilities Plan. . A City Council resolution supporting the application is a required document when applying for a State Literary Fund loan.