Submitted By: Sean Lanier
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Presentation By: Sean Lanier
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Department: Engineering
STAFF RECOMMENDATION (Motion Ready):
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Adopt Budget Resolution 2024-149 amending the Fiscal Year 2023-24 budget to appropriate funds from the Stormwater Reserve for Contingencies account for the Drainage Rehabilitation and Improvement Program in the amount of $1,000,000
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OCALA'S RELEVANT STRATEGIC GOALS:
Quality of Place
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
The City has expended the funds approved in this fiscal year's budget for the Drainage Rehabilitation and Improvement Program (DRIP) program. The SW Third Avenue drainage project will need to start prior to the end of this fiscal year to meet the timeline for completion. The project will construct a new stormwater conveyance system along W Fort King Street and SW Third Avenue, re-routing stormwater currently flowing through a box culvert that crosses the Mt. Moriah Church property. The City currently owns this property and plans to construct a new parking garage on this site with construction beginning in January of 2025.
FINDINGS AND CONCLUSIONS:
Completion of this project is required to prepare the Mt. Moriah site for construction of the new parking garage.
This project must begin prior to the end of Fiscal Year 2023-24 and be completed early Fiscal Year 2024-25.
There are sufficient funds in the Stormwater Reserve for Contingencies account to fund the DRIP program and construct this project.
DRIP funds remaining after project completion will remain in the DRIP program and will be used to fund additional stormwater projects under the program.
FISCAL IMPACT:
Funds will be transferred from the Stormwater Reserve for Contingency account # 158-099-999-538-81-99800 and appropriated to 158-020-343-538-69-65010.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
* Adopt with Changes
* Table
* Deny
BUDGET RESOLUTION 2024-149
A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BU...
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