HomeMy WebLinkAbout2016-09-26 16-365 RESOLVECOUNCIL ACTION
Item No. 16-365
Date: September 26, 2016
Item/Subject: Resolve, Appropriating $225,000 from School Capital Reserve to Fund
Roof Repairs
Responsible Department: Finance
Commentary: This resolve would appropriate $225,000 to fund roof repairs at the Abraham
Lincoln School, Fruit Street School and the James F. Doughty School. During the FY 2016
budget deliberations, the Bangor School Committee and the Bangor City Council approved the
establishment of a $356,039 capital reserve fund for school repairs. Monies to fund this fund
came from additional General Purpose Aid for Education that was passed after the Bangor
School Budget was approved. The additional funds were first used to reduce the local tax burden
to a zero increase and the remaining $356,039 was deposited into a School Capital Reserve
Fund. Any funds that remain unspent at the conclusion of the roof work will be returned to the
School Capital Reserve Fund.
This item was reviewed and recommended for approval the Finance Committee meeting of
September 19, 2016.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
Passage
x First Reading
Referral
Department Head
1. •
Page _ of _
nance Director
Solicitor
16-365
SEPTEMBER 26, 2016
Assigned to Councilor Durgin
CITY OF BANGOR
(TITLE.) Resolve, Appropriating $225,000 from the School Capital Reserve to Fund Roof
Repairs
BY THE CITY COUNCIL OF THE CITY OF BANGOR:
BE IT RESOLVED, that $225,000 in School Capital Reserve Funds are hereby
appropriated for the purpose of funding roof repairs to school facilities.
IN CITY COUNCIL
SEPTEMBER 26, 2016
CR 16-365
FIR READING
9
CITY CLERK
IN CITY COUNCIL
OCTOBER 12, 2016
CR 16-365
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
e
CITY CLERK