HomeMy WebLinkAbout1995-05-08 95-206 RESOLVECOUNCIL ACTION
Item No. 95-306
Date: 5-08-95
Item/Subject; RESOLVE, Making an Appropriation of Certain Unanticipated
Revenues to a Capital Account to be Established for Cascade
Park
Responsible Department, Executive
As the Council may recall, the City of Bangor entered into an agreement
with Eastern Maine Medical Center to provide certain parking spaces in
Cascade Park to the Hospital for the months of December, 1994 through
March, 1995. As a result of that lease, the City received $5,773.94 in
revenue which was not anticipated in the FY95 budget.
At the time this lease was discussed, it was also discussed that the
revenue resulting from this lease should be set aside for future capital
improvements to Cascade Park. The City is looking at several major
maintenance or improvement items at the Park including significant repairs
to the rock retaining walls adjacent to the waterfall and the eventual need
to rehabilitate or replace the structure containing the pool at the base of
the fountain.
The attached appropriation resolve would set aside the proceeds from the
parking lease into a capital account designated for Cascade Park. I would
recommend your approval.
Head
Managers Comments:
Associated Information:
Basel"
ouvea'
TIVI(1$. Finanne Dir
Legal Approval:
ri ��li i
Introduced For
Passage
First Reading
Referral to Muni Ops
Page _ of
Assigned to Councilor Frankel May 8, 1995 95-206
CITY OF BANGOR
(TITLE.) PCWW� --- Making -an- Appropriation -af-Certaini nantdcipated
Revenues to a Capital Account to be Established for Cascade Park
___.. _...... _____. __... ....... ..........
By Mm City Cowci! of Ne City of Mws&r.-
RMOL VBD,
there is hereby appropriated the amount of $5#773.94 in
unanticipated revenue currently recognised in revenue account 1307-47100010
to a capital account to be established by the Acting Finance Director for
future major maintenance and improvements to Cascade Park.
IN CITY COUNCIL
May B, 1995
First Reeding Refected to
Mu 0.al
Opmations.
'on`
CITY RM
IN CITY COUNCIL
May 22, 1995
Passe
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CITY C RK
95-206
nES0LVE
Making an Appropriation of Certain
U�nticfasted Revenues to a Capiral
Account to be Established for Cascade Park.