The purpose of the Mayor and Council Communication is to adopt an appropriation ordinance for Fiscal Year 2018, allocating budgets to projects within the 2018 Bond Program:
|PROPOSITION||TOTAL AUTHORIZATON||2018 APPROPRIATION|
|Proposition A - Streets and Mobility Infrastructure Improvements||$261,630,080.00||$157,015,000.00|
|Proposition B - Parks and Recreation Improvements||$84,180,600.00||$59,520,000.00|
|Proposition C - Public Library Improvements||$9,868,500.00||$9,675,000.00|
|Proposition D - Fire Safety Improvements||$11,975,820.00||$11,741,000.00|
|Proposition E - Animal Care and Shelter Facility Improvements||$13,770,000.00||$13,500,000.00|
|Proposition F - Police Facility Improvements||$18,075,000.00||$17,720,000.00|
Available resources within the General Fund will be used to provide financing for those expenses until debt is issued. Once debt associated with this project is sold, bond proceeds will reimburse the General Fund in accordance with the statement expressing official Intent to Reimburse that was adopted as part of the ordinance canvassing the bond election.
Attached are the projects and funding to support this appropriation. Departmental Capital Improvement Programs will be amended to reflect dollar amount and fiscal year changes related to 2018 bond funding.
These projects are located in ALL COUNCIL DISTRICTS. This M&C does not request approval of a contract with a business entity.