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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 �z �4- CITY C RK 95-206 nES0LVE Making an Appropriation of Certain U�nticfasted Revenues to a Capiral Account to be Established for Cascade Park.