AGENDA CAPTION:
Title
Consider approval of Ordinance 2021-60, on the first of two readings, amending the City's 2020-2021 Fiscal Year budget in the total amount of $18,923,548 for the Tax Increment Reinvestment Zone #5 Board approved Downtown Electric Cab Microtransit Project, purchase of four buses with FTA funds and adjusting the Electric budget due to Winter Storm Uri; and declaring an effective date.
Body
Meeting date: August 3, 2021
Department: Finance-Marie Kalka, Finance Director
Amount & Source of Funding
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Account Nam
Fiscal Note:
Prior Council Action: September 15, 2020 original budget adopted; February 24, 2021 Budget Amendment #1; May 4, 2021 Budget Amendment #2; July 6, 2021 Budget Amendment #3; August 3, 2021 Budget Amendment #4
City Council Strategic Initiative: [Please select from the dropdown menu below]
Sustainability
Downtown Vitality
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Multimodal transportaion network to improve accessibility and mobility, minimize congestion and reduce pollution
? Core Services
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
The TIRZ #5 Board added the Electric Cab Downtown Shuttle Pilot to the approved list of projects in March 2021, with funding amount of $500,000. This action supports Council's adoption of Parking Advisory Board Recommendation Resolution 2019-01RR on October 15, 2019 (Part 4). This budget amendment formally adds ...
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