CITY OF TEXARKANA, AR

REQUEST FOR BOARD ACTION


AGENDA TITLE: Adopt a Resolution amending the FY2018 Public Works Budget (Resolution No. 2017-55) accepting grant funds from the 2018 Arkansas Department of Parks and Tourismís Outdoor Recreation Matching Grant Fund and Texarkana, Arkansas, Advertising & Promotion Commission. (PWD)

AGENDA DATE: 05/21/2018

ITEM#:  8 

DEPARTMENT: Public Works Department

DATE SUBMITTED: 05/09/2018

PREPARED BY: Tracie Lee, Assistant Director of Public Works

SUBJECT: Amend the FY2018 Public Works Budget

EXHIBITS: Resolution, Award Letter from Governor Asa Hutchinson, A&P Commission Commitment Letter, Approved Budget, Amended Budget and Resolution No. 2017-55 (Passed and Approved December 5, 2017).

APPROVAL:

EXPENSE REQUIRED: $300,000.00 (150,000.00 Outdoor Grant Funds & $150,000.00 A&P Commission)

AMOUNT BUDGETED: $0.00

APPROPRIATION REQUIRED: $300,000.00 (150,000.00 Outdoor Grant Funds & $150,000.00 A&P Commission)

SUMMARY: The planning figures for the FY2018 Public Works budget must be adjusted to include funding from the State of Arkansas in the amount of $150,000.00. 

On May 7, 2018 the city received a letter from Governor Asa Hutchinson awarding the city $150,000.00 to assist in developing new restroom and concession facilities at Hobo Jungle Park. 

The matching funds for this grant in the amount of $150,000.00 will come from the 2018 Funding Award from the Texarkana, Arkansas, Advertising & Promotion (A&P) Commission.

Total estimated cost of construction for the new facility is $300,000.00. 

The City Manager proposes to amend the budget to accept the grant revenue and expense of $300,000.00.   

BOARD ACTION: The City Manager and staff recommend board approval.

EMERGENCY CLAUSE: This item will be approved by a resolution; therefore, it will not need an emergency clause.

 

RESOLUTION NO. ______

WHEREAS, the City was named the recipient of a $150,000.00 matching grant awarded by the 2018 Arkansas Department of Parks and Tourismís Outdoor Recreation Matching Grant Fund to assist in developing new restroom and concession facilities at Hobo Jungle Park; and

WHEREAS, the Texarkana, Arkansas, Advertising and Promotion Commission Awarded the City an additional $150,000.00, constituting the matching funds necessary pursuant to such state grant; and

WHEREAS, it is necessary to amend the FY2018 Budget, and, in particular, the Public Works portion thereof, originally adopted by Resolution No. 2017-55, to include the receipt of such funds and corresponding expenditures for such purpose; and 

WHEREAS, the City Manager and staff recommend Board approval;

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the City of Texarkana, Arkansas, that the FY2018 Public Works Budget is hereby amended as set forth above.

PASSED AND APPROVED this 21st day of May, 2018

 

_____________________________

Ruth Penney Bell, Mayor

ATTEST:

 

________________________________

Heather Soyars, City Clerk

 

APPROVED:

 

________________________________

George M. Matteson, City Attorney