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Home My WebLink AboutOrdinance - 2006-O0040 - Amending FY 2006 Budget Re: Capital Improvemt, Master Lease Program/Amendt. 14 - 03/23/2006First Reading March 23. 2006 Item No. 6.14 ORDINANCE NO. 2006-oG040 Second Reading April 13, 2006 Ite:a No. 6.1 AN ORDINANCE AMENDING THE FY 2005-06 BUDGET FOR MUNICIPAL PURPOSES RESPECTING THE (1) CAPITAL IMPROVEMENT PROGRAM; (2) MASTER LEASE PROGRAM; (3) GENERAL FUND; AND (4) SOLID WASTE FUND. (AMENDMENT #14) WHEREAS, Section 102.010 of the Local Government Code of the State of Texas authorizes the City Council to make changes in the budget for municipal purposes; and WHEREAS, in accordance with the City Budget Ordinance the City Council shall approve all transfers between funds and departments; and WHEREAS, the City Council deems it advisable to change the FY 2005-06 Budget for municipal purposes and reallocate funds as follows; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1. THAT the City Council of the City of Lubbock hereby approves changes to the City of Lubbock Budget FY 2005-06 (Budget Amendment #14) for municipal purposes, as follows: 1. Amend Capital Improvement projects in the Airport, Stonn Water, Wastewater, Water, Parks, Streets, and North Overton Tax Increment Finance Reinvestment Zone by appropriating an additional $2,545,777 of Certificates of Obligation, as described in Exhibit "A", attached hereto and made a part hereof for all purposes. 2. Close Capital Improvement Projects #90295 -Station #12 Donnitory and #91 023 -Fire Academy Field Development and establish a new Capital Improvement Project and appropriate $31,566 of unallocated Tax & Waterworks System Certificates of Obligation, Series 1995 and to transfer the remaining $78,434 from the aforementioned projects for new fire station land acquisition. The total budget for land acquisition will be $110,000. 3. Appropriate $6,210,000 of Master Lease Program proceeds for the acquisition of equipment and vehicles approved as part of the FY 2004-05 and FY 2005- 06 Master Lease Program. 4. Appropriate revenue of $180,643 from increased building inspections fees and to authorize four additional full-time positions in the General Fund, being the addition of two building inspectors, a Fire Equipment Operator, and a Fire Protection Engineer with estimated revenues increased accordingly. 5. Appropriate $48,500 from the Solid Waste Fund balance and authorize an additional full-time position in the Solid Waste Fund being a Code Enforcement Inspector to enforce the City's illegal dumping codes. SECTION 2. THAT a copy ofthe changes made to the City of Lubbock Budget pursuant to this Ordinance shall be filed with the City Secretary and County Clerk of Lubbock as required by law. AND IT IS SO ORDERED Passed by the City Council on first reading this 23rd day of March, 2006. Passed by the City Council on second reading this 13th day of_--=:Ap=ri=l=--_ _;, 2006. ATTEST: ~-<. ~------ t ecca Garza, Ctty S~ ~ APPROVED AS TO CONTENT: APPROVED AS TO FORM: ~ 'i Richard K. Casner First Assistant City Attorney mllccdocs/BudgetFY0506.Amendl4.ord March 17, 2006 TOM MARTIN, MAYOR PRO TEM Ordinance No. 2006-o0040 AIRPORT City of Lubbock, TX Finance Division Exhibit A Budget Ordinance No. 14 Appropriation to Date Revised Budget Change 90403 Reconstruct Public Parking Lot S 4,425,000 6,~5,000 2,550,000 Justification: The resolution for Bid #06-008-BM was approved at the March 8. 2006 City Council meeting approving the base bid and all five alternate bids. The alternate bids increased the funding needs on this project by $2.55 miJJion. STORMWATER 90141 South Lubbock Storm Sewer Projett 39,500,000 43,600,000 Justification: Original estimate for the 98th Street project was lower than actual projected costs. WASTEWATER 8524 Jim Bertram EfOuent Water Reuse Study Justification: Close this project. 91081 98th Street Compac:.tion Repair Justification: The projected corrective estimate was higher than the bid. WATER 1,140,000 s,soo,ooo 6,700,000 4,100,000 (1 ,14 0,000) (1,800,000) 90352 South Lubbock Well Field 5,600,000 250,000 (5,350,000) Justification: Until this study is completed, funding will be transferred to project 90357 to complete the parks conversion to well water. Finalfondingfor this project will be presented for City Council's consideration when the study is completed. the amount remaining in the project is to cover the cost of the design contracts. 90357 Parks Conversion to Ground Water 700,000 2,200,000 1,500,000 Justification: Actual costs are greater than original estimated costs. Funding is being trQII.Sferred from project 90352 South Lubbock Well Field 91003 Bailey County Wellfield Improvements Justification: Original estimate was lower than actual projected costs. TBD Preliminary Engineering Alan Henry Pipeline 1,680,000 2,200,000 520,000 350,000 350,000 Justification: This project will enable the purchase of water transmission line right-of-way and pump station property. It is anticipated that Lake Alan Henry system will add significantly to the ability of Lubbock to meet both peak day and annual water use needs. PARKS 9196 Mackenzie Park Border Fence Phase 1 235,000 205,000 (30,000) Justification: $205,000 was issued in 2001 for this project. An additional $30,000 was approved in the FY 2005106 Capital Improvement Program from this project, however the additional funding will not be needed to complete this project. STREETS 90093 98th Street from Frankford Ave. to Slide Rd Justification: 6,643,000 NORTH OVERTON TAX INCREMENT FINANCING REINVESTMENT ZONE 5,065,000 (1,578,000) 91060 Tract 3 458,726 917,452 458,726 Justification: The timing on this project has been escalated from FY 2006107 and FY 2007108 to the currentftScalyear. 91061 Tract 5 1,042,792 521,396 (521,396) Justification: The second phase of this project has been delayed until FY 2006107. 91062 Tract 6 730,528 365,264 (365,264) Justification : The second phase of this project has been delayed until FY 2006/07. 91063 Tract 7 580,124 947,190 367,066 Justification: This project will fond public improvements related to the hotel project. The timing on this project has been City of Lubbock, TX Finance Division Exhibit A Budget Ordinance No. 14 Appropriation to Date Revised Budget Change escalated from FY 20()6.07 to the current ftscal year. The total budget on this project increased due to increased costs of landscaping in the parkway. Therefore, the increase in the budget of$ 77,004 and the escalation of $290.062 from FY 2006107 accounts for the increased budget in this amendment. 91065 Wal-Mart 1,842,750 2,925,157 1,082,407 Justification: The budget on this project has increased from $1,842.750 to $2,925,157 due to increased costs for road construction and landscaping in the parl..way. 91066 Condo I ·Tract 10 304,448 152,224 Justification: The second phase of this project has been delayed until FY 2006107. 91067 Condo II· Tract 11 352,948 377,948 Justification: The budget on this project has increased due to increased costs for landscaping in the parkway. 91068 Condo III· Tract 12 352,948 176,474 Justification: The second phase of this project has been delayed until FY 2006107. (152,224) 25,000 (176,474) 91070 Single Family 6,002,140 4,501,605 (1,500,535) Justification: The second phase of this project has been delayed until FY 2006107. 91074 Incentive Program 1,666,666 4,300,000 2,633,334 Justification: This project will fond public improvements related to the hotel convention/civic center planned for FY 2006107. The total budget on this project increased/rom $1.666.666 to $4,300.000, and is planned to be issued in the fall of 1006. 91145 University Ave. Blvd. Improvements 450,000 (450,000) Justification: The current budget on this project has decreased from $450,000 to $0. The project has been delayed until FY 2006107 and is estimated to cost $190,000. 90300 Tract l· Tbe Centre 1,645,000 1,977,358 332,358 Justification: The budget on this project has increased due to increased costs for road construction and landscaping in the parkway. 90301 Tract 4 • Dinersteln II 1,156,384 1,532,687 276,303 Justification: The budget on this project has increased due to increased costs for road construction and landscaping in the parkway. 91106 Tract 18 ·Commercial 1,414,476 1,414,476 Justification: This is a new project that will begin during the FY 2005106 fiscal year. This tract had originally been a part of Single Family, but has been broken-out and will be developed as commercial. This budget for this project will fund tire public improvements on this tract.