|
REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA
<br />ITEMITEM
<br />October 24, 2016October 24, 2016AppropriationAppropriation
<br />Agenda Date Requested:Agenda Date Requested:
<br />Fund 038Fund 038
<br />Traci LeachTraci LeachSource of Funds:Source of Funds:
<br />Requested By:Requested By:
<br />
<br />AdministrationAdministrationAccount Number:Account Number:
<br />Department:
<br />$600,200$600,200
<br />Report:Resolution:Resolution:Ordinance:Ordinance:Amount Budgeted:Amount Budgeted:
<br />
<br />Amount Requested:Amount Requested:
<br />Exhibits:
<br />Budgeted Item:Budgeted Item:YESYESNONO
<br />1.Draft Public Hearing NoticeDraft Public Hearing Notice
<br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS
<br />On September 26, 2016, the City Council approved the proposed budget for FY 2017, which began on October 1, On September 26, 2016, the City Council approved the proposed budget for FY
<br /> 2017, which began on October 1,
<br />2016. As part of the approved budget, the budget for the Development Corporation Board now includes funding 2016. As part of the approved budget, the budget for the Development Corporation
<br /> Board now includes funding
<br />for three projects. These projects are as follows:for three projects. These projects are as follows:
<br />Decorative fencing at Wharton Weems at the Golf Course: This project has a scope that includes the Decorative fencing at Wharton Weems at the Golf Course: This project has a scope
<br /> that includes the
<br />installation of masonry pillars with decorative wrought iron fencing, plus removal of existing vegetation and installation of masonry pillars with decorative wrought iron fencing, plus
<br /> removal of existing vegetation and
<br />fencing. Masonry pillars would be placed every 50 feet and the project limits would include approximately fencing. Masonry pillars would be placed every 50 feet and the project limits
<br /> would include approximately
<br />970 linear feet of fence/pillar on each side of Wharton Weems (north and south). The estimated budget for 970 linear feet of fence/pillar on each side of Wharton Weems (north and south).
<br /> The estimated budget for
<br />this project is $250,000. this project is $250,000.
<br />Beautification along Spencer Highway: This project has a scope that includes installation of single wythe Beautification along Spencer Highway: This project has a scope that includes
<br /> installation of single wythe
<br />masonry fencing along Spencer Highway from Farrington to Myrtle Creek. This fence is an engineered masonry fencing along Spencer Highway from Farrington to Myrtle Creek. This fence is
<br /> an engineered
<br />beam that sits on a continuous foundation and is usually a split faced block (with a pattern) that is reinforced beam that sits on a continuous foundation and is usually a split faced
<br /> block (with a pattern) that is reinforced
<br />with rebar and concrete placed in the with rebar and concrete placed in the hollowhollowareas of the block. The total estimated cost for this project areas of the block. The total
<br /> estimated cost for this project
<br />is $680,400. However, Council indicated that the project be funded over two fiscal years with construction is $680,400. However, Council indicated that the project be funded over two
<br /> fiscal years with construction is $680,400. However, Council indicated that the project be funded over two fiscal years with construction is $680,400. However, Council indicated that
<br /> the project be funded over two fiscal years with construction
<br />to occur in FY18. For the purposes of the FY17 budget, a total of $340,200 is included in the EDC budget.to occur in FY18. For the purposes of the FY17 budget, a total of $340,200
<br /> is included in the EDC budget.
<br />Community Cooperation Projects: This project has been funded in the general Fund CIP for several years. Community Cooperation Projects: This project has been funded in the general
<br /> Fund CIP for several years.
<br />However, each year there has been a waiting list for community groups that would like to take part in the However, each year there has been a waiting list for community groups that would
<br /> like to take part in the
<br />program. Typically, thereprogram. Typically, theres been at least one project each year that falls within a City park. The funding s been at least one project each year that falls
<br /> within a City park. The funding
<br />included in the EDC budget for the FY17 budget would fund only those projects that fall into this category. included in the EDC budget for the FY17 budget would fund only those projects
<br /> that fall into this category.
<br />The total budget is $10,000, which would provide for two community cooperation projects. The total budget is $10,000, which would provide for two community cooperation projects.
<br />The budget for the Board can comfortably accommodate funding these projects. The EDC budget, as originally The budget for the Board can comfortably accommodate funding these projects.
<br /> The EDC budget, as originally
<br />approved by the Board, indicated that there would be over $5 million in fund balance at the end of FY 17. approved by the Board, indicated that there would be over $5 million in fund
<br /> balance at the end of FY 17.
<br />At this time, staff is requesting Board approval to declare these three initiatives a At this time, staff is requesting Board approval to declare these three initiatives a projectsprojectsof
<br /> the Development of the Development
<br />Corporation Board and allow staff to post a public hearing notice for January 9, 2017. The sixty day petition Corporation Board and allow staff to post a public hearing notice for January
<br /> 9, 2017. The sixty day petition
<br />period ends on December 23, 2016, but the first available Board meeting date would fall in the new calendar period ends on December 23, 2016, but the first available Board meeting date
<br /> would fall in the new calendar
<br />year.
<br />Action Required by the La Porte Development Corporation:Action Required by the La Porte Development Corporation:
<br />Consider approval or other action to declare Consider approval or other action to declare Decorative fencing at Wharton Weems at the Golf CourseDecorative fencing at Wharton Weems at
<br /> the Golf Course, ,
<br />Beautification along Spencer Highway, and Beautification along Spencer Highway, and Community Cooperation Projects as projects of the Corporation andCommunity Cooperation Projects as
<br /> projects of the Corporation and
<br />authorize staff to publish a public hearing notice for January 9, 2017.authorize staff to publish a public hearing notice for January 9, 2017.
<br />35
<br />
<br />
|