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<br />East Broadway Garage Funding Sources <br /> <br />Urban Renewal Contribution <br /> -Urban Renewal Revenue Bonds $4,000,000 <br /> -Riparian Area Funds 400,000 <br /> -Cash in FY06 & FY07 1,110,000 <br /> Total Urban Renewal 5,510,000 <br /> <br />City Contribution <br /> -Stormwater Funds FY07 250,000 <br /> -Library Debt Service Fund 475,000 <br /> -Facility Reserve 1,800,000 <br /> Total City 2,525,000 <br /> <br /> Total Funding Sources $8,035,000 <br /> <br /> <br />RELATED CITY POLICIES <br />One of the council’s seven priority issues is to “Conclude Discussion on the City Hall Complex.” This <br />supplemental budget provides the budget authority to make significant progress on the priority issue. <br />These transactions conform to the City’s Financial Management Goals and Policies. <br /> <br /> <br />COUNCIL OPTIONS <br /> <br />The council may direct staff to alter the attached recommended resolution for the March 15, 2006, work <br />session for amended appropriation amounts or funding sources. <br /> <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br /> <br />This is a public hearing and discussion item. Action on the Supplemental Budget Resolution will occur <br />on Wednesday, March 15. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />A motion to approve the Supplemental Budget Resolution will be considered on March 15, 2006. <br /> <br /> <br />ATTACHMENTS <br /> <br />A. Transaction Summary <br />B. Resolution <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact: Kitty Murdoch <br />Telephone: 682-5860 <br />Staff E-Mail: kitty.m.murdoch@ci.eugene.or.us <br /> L:\CMO\2006 Council Agendas\M060313\S0603134.doc <br />