AGENDA CAPTION:
Title
Consider approval of Ordinance 2018-07, on the second of two readings, amending the City's 2017-2018 Fiscal Year Budget by budgeting and appropriating $442,000 from General Fund to be distributed to The Village to provide funding for the construction of Phase II of The Village Main Project; and providing an effective date.
Body
Meeting date: 3/6/2018 - 1st Reading
05/01/2018 - 2nd Reading
Department: Finance-Heather Hurlbert, Finance Director
Amount & Source of Funding
Funds Required: $442,000
Account Number: 10001280.54249
Funds Available: $442,000
Account Name: Outside Agency Funding
Fiscal Note:
Prior Council Action: City Council committed to funding this agency during the FY18 budget process with revenues generated by the Best Buy call center.
City Council Goal: [Please select goal from dropdown menu below]
Goal # 7 Maintain Fiscal Responsibility
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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 - Choose an item.
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
During the FY18 budget process, representatives from The Village requested $442,000 towards their capital campaign to construct the $5M Phase II/Village Main building. The Village Main Project is a 22,000 square foot facility, which will combine several non-profit social services agencies into one location on the south side of town near Hunter Rd and Reimer Avenue. The organization has received funds through foundation grants and received $350,000 towards the project from the County. The City's contribution will limit the amou...
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