Loading...
HomeMy WebLinkAbout2018-02-26 18-118 Order 02/26/201818-118 02/26/2018 18-118 Finance Order N/A Title, Order Authorizing Carry Forward Funding in the Amount of $190,475 from the FY 2017 Economic Development Fund This Order will authorize a carry forward of $190,475 from the Economic Development Fund, 2017 budget. The fiscal year 2018 budget included a number of capital requests within the Economic Development Fund that were recommended to be funded with funds received in fiscal year 2017 due to the sale of a building. Authorizing the carry forward was inadvertently omitted from the annual budget resolve. This oversight was discovered as staff prepares to move ahead with a project to make upgrades on Maine Avenue. If approved, the carry forward will fund Maine Avenue widening $100,000; 110 Hildreth Street roof repair/replace $50,000; 39 Florida Avenue improvements $34,475; and $6,000 49 Florida Avenue improvements. Finance Committee 02/21/2018 Recommend for passage 50 Consent 02/26/201818-118 CITY OF BANGOR ORDER 02/26/2018 18-118 Weston Authorizing Carry Forward Funding in the Amount of $190,475 from the FY 2017 Economic Development Fund Be it Ordered by the City Council of the City of Bangor that $190,475 from the FY 2017 Economic Development Fund Budget is hereby carried forward to FY 2018 as anticipated to fund various FY 2018 capital requests. IN CITY COUNCIL FEBRUARY 26, 2018 CO 18-118 PASSED a2Jew‘L-) CITY CLE