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 in the Amount of $1,354,257.00, And Add Projects 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 Capital Improvement Plan (CIP) for various fiscal years, allocating and reallocating funds for various Citywide.
· The FY 2013 and FY 2014 debt financed funds is reduced by $485,000 due to projects being completed or no longer required.
· $869,257.00 of completed projects is being transferred to address current priorities. The new projects include the purchase of Fire Equipment - Aerial Truck, the engineering/design costs related to Station #45 replacement, and the additional funding required for the Pembroke Road Replacement project.
Recommended for inclusion on the agenda by:
Dr. Wazir Ishmael, City Manager
Matthew Lalla, Director, Financial Services