Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Capital Improvement Plans For Fiscal Year 2015 To Reallocate And Allocate Funds As Set Forth In Exhibit A, Authorizing The Establishment Of Necessary Accounts, The Transfer Of Funds And Other Necessary Account Adjustments, And Providing An Effective Date.
Body
Staff Recommends: Approval of the Attached Resolution
Explanation:
The proposed resolution amends the FY 2015 Adopted Capital Improvement Plan (CIP). The City Commission previously approved Resolution R-2014-312 which authorized the purchase of property located at 1203 N. Federal Highway and the City now wishes to demolish this property. The Fire Station #45 project is in the design phase and has a current construction budget of $2,000,000.00. The construction phase will be scheduled at a future date once design phase has been completed. $50,000.00 is needed immediately for the demolition of 1203 N. Federal Highway and can be transferred from the Fire Station #45 construction funding which can be reimbursed to the Fire Station #45 Project upon the disposition of the Cosac properties.
Recommended for inclusion on the agenda by:
Wazir Ishmael, Ph.D., City Manager
Matthew Lalla, Director, Financial Services