HomeMy WebLinkAboutItem 4.06 EDublnStreetImprove
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CITY OF DUBLIN
AGENDA STATEMENT
City Council Meeting Date: June 13, 1995
SUBJECT:
Budget Change: Engineering for Eastern Dublin Traffic Impact Fee
Street Improvement Estimates
Report by: Lee S. Thompson, Public Works Director
EXHffiITS ATTACHED:
Budget Change Form
RECOMMENDATIONV
Approve additional appropriation/interfund loan in the amount of
$11,294 from General Fund to Capital Projects Fund (Traffic Impact
Fee Project #9649)
FINANCIAL STATEMENT:
T-his transfer will allow recovery of $11 ,294 in engineering cost
through future Traffic Impact Fees in the Eastern Dublin Specific
Plan and General Plan areas.
DESCRIPTION: The Eastern Dublin Traffic Impact Fee CIP was originally set up to
cover the traffic engineering study necessary to establish the Fee. However, as part of the study, it was
necessary to perform quantity take-offs and cost estimates for all the major road improvements as well as
for the associated rights of way. These engineering costs were charged to the City's General Engineering
account.
In order to properly account for and assign the total cost of the TIP study to the future fees to be collected,
a budget change is needed.
Staff recommends that the City Council approve the budget change.
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ITEMNO.~
CITY CLERK
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COPIES TO:
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..ITY OF DUBLIN
BaET CHANGE FORM
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CHANGE FORM #
New ApprOllriations (City COIUlcil Approval RL"luirc<l):
Bud~et Transfers:
From Unappropriatcd Reserves From Budgeted Contingent Reserve (1080-799.000)
Within Same Departmcnt Activity
From New Rcvenues Between Departments (City COilllCil Approval Require<l)
X Other Additional aoorooriation/intcrfnnd loan
riEcREASEBUDGETACtOtlNT'" "AMOUNT"" '", INCRtASEBUDGETACCOUNT ,,': ""AMOUNT
Name: Name: Capital ProjL'Ct Fund - E. Dublin Trallic
Impact Fee. Engineering Services $11,29~.00
AccOUlIl #:
Name:
AcCOIUlt #.300-9649-740.070
Name:
ACCOilllt #: ACCOlUlt #:
Name: Name:
Account #: AccOlmt #:
Name: NlUllC:
ACCOilllt #: Account #:
Name: Name;
Account #: ACCOlUlt #:
REASON FOR BUDGET CHANGE ENTRY: Preparation of the East Dublin Traffic Impact Fee (TIF)
included contract engineering services to estimate the cost of the improvements to be covered by the TlF.
Accounting for all related costs in the Capital Project Fund will allow the City to recover the cost once fees are
collected. Due to the fact that funds are not currently available in Fund 300 for this purpose, the City Council
shall also approve an operating transfer from the General Fund (001) to the Capital Project Fund (300). Said
transfer shall be repaid to the General Fund at such time as adequate TIF are collected.
City Manager:
Date:
Signature
As Approved at the City Council Meeting on: Date:
Mayor:
Date:
Signature
Posted By:
Date:
Signature
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