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<br /> ~..... <br />12. Capital Projects - With the exception of Fund 312, Federal Revenue <br />Sharing General Capital Projects, the Capital Budget was approved as <br />initially submitted. In fund 312, the Budget Committee adopted the e <br />following changes: <br />a. Deleted the following capital projects: <br /> 1. Owosso Bike Bridge Approach $ 80,000 <br /> 2. Hult Stage Equipment Storage Area 70,000 <br /> 3. Metro Public Safety Training Facility Study 30,000 <br /> 4. Foreign Trade Zone Feasability Study 30,000 <br /> 5. Hendricks Park Road Reconstruction 10,000 <br /> 6. Delta Ponds Canoe Way Development 20,000 <br /> 7. Library/Office Space Feasability Study 100,000 <br /> $340,000 <br /> ------- <br /> ------- <br />b. Funds from the deleted projects were reallocated as follows: <br /> 1. Skinners Butte Transmitter Rebuild $200,000 <br /> 2. Street/Alley Rehabilitation FY86 140,000 <br /> $340,000 <br /> ------- <br /> ------- <br />c. Moved Hendricks Park Road Reconstruction Project, as deleted <br /> in "12a" above, to Public Works Department to fund from e <br /> Fund 311, Street/Alley Rehabilitation-FY86 Capital Projects. <br /> Given the uncertainty of continued funding of the Federal Revenue <br /> Shari ng program, the Budget Committee approved Ilfreezi ng" a 11 FRS <br /> Capital Projects with the exception of the following four projects: <br /> 1. Chambers Connector $100,000 <br /> 2. 8th and High Property Transfer 279,700 <br /> 3. Skinner's Butte Transmitter 400,000 <br /> 4. Traffic Signals - FY86 130,000 <br /> $909,700 <br /> ------- <br /> ------- <br />13. Non-Departmental - Budget approved as initially submitted. In addition, <br />the Budget Committee directed staff to forward the IInotesll from the <br />various subcommittees to you for consideration as "legislative intent" <br />(See Attachment). <br />The Budget Committee Recommendation has been adjusted for two factors. First, <br />annexations that took place in FY85 have been incorporated into the tax base <br />and the property tax levy for FY86. With respect to the gross property <br />tax levy, $23,962,977 will be levied to support the operating system and <br />$3,408,338 will be levied to support General Obligation Debt Service. <br />Using an estimated Assessed Valuation for FY86, this translates to a tax <br />rate of $8.60 for operations (FY8S = $8.52), and $1.22 for debt service e <br />(FY85 = 1. 30) . <br />page -- 2 <br />