HomeMy WebLinkAbout1989-07-24 89-327 ORDER- Date o"•••,Iv" temple. 89-3N
Item/Subject: Authorizing Dtilizativn Of $20.000.00 from the Existing Golf
Coulee Reserve Fund - 9-Hole Addition
Responsible Department Engineering
Commentary: -
Virtually all of the work on the expansion of the Golf Course has been
completed except for the construction of cart paths, a stormwater detention
pond, a fence along the Bass Perk property line, and additional Planting
required by BEP. The completion of this necessary work is estimated to
oat approximately $20,000.00 more than the original bond issue authoritarian
of $650,000.00 for the Golf Course expansion. Fonds for the additional
work are available from.that portion of the Golf Course Reserve Bvod which
s temporarily transferred in 1907 to permit the beginning of the work
prior t0 the Issuance of the bonds. it is proposed to retain $20,000.00
of this Amount, and to return the balance of $7,990.59 to the Golf Course
Reserve Fund.
The City also originally loaned an additional $57,009.41 from the General
Reserve for Future Construction to .also be used for the'.start of the project
Prior to the issuance of bonds; this amount is also being returned to the
General Reserve Fund.
John T. Frawley
Managers Comments: Dep.x .,[Wood 7
T,.eue ryun/.v`w wRibc('_
CiryAfenagei
Associated Information:
Budget Approval:
legal Approval:
cry Sofidmr
Introduced For
®Passage
❑ First Heading Page _0f_
❑Referral
89-32)
Bmngnedto CounCHor Tilley. duly 24, 1989
CITY OF BANGOR
(TITLE.) V11rberf Authorizing utilization of $20,000.00 from the gni4tgng Golf
Reserve fund - 9 -Bole Expansion
.............. _.___ _... .......... _...
By the City Consul of City of Beeper.
ORDERED,
THAT, WHEREAS, the City Council by Council Order 86-425 passed November
24. 1986 authorized an expenditure of $650,000.00 for the construction of a 9 -hale
addition to the Bangor Municipal Golf Course, to be included in the 1907 Band
Issue; and
WHEREAS. said Council Order also authorized the temporary use
of $27,990.59
from the Golf Course Reserve Fund prior to the issuance of bonds; and
WHEREAS, the construction of said 9 -hole golf course expansion has been
substantially completed except for the installation of cart paths, the
construction of a stormesatev detention basin, the thstAllatlom66'.a.fence
along the Bass Park property line, and additional fall planting required by
the Department of Environmental Protection( and
WHEREAS, said additional work is estimated to cost $20,000.00 more than
the original band issue authorization of $650.000.00{
NOW, THEREFORE, Be It
ORDERED. THAT the am of Twenty Thousand Dollars ($20,000.00) be authorized
from the monies previously transferred from the Golf Course Reserve fund to
complete the remaining work, with the balance of $7,990.59 to hereturned to
the Golf Course Reserve fund.
In City Cuncil July 24.1989x.
Passed
City Clerk
89-32]
0R➢ER
Tu rizing Utilization of $26.000.00
.Frao.the.Existiuq Golf .Pasecm Sud..
9 Hole Fzpan
Ae®pud m
....................... .. .......
coMcilman