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HomeMy WebLinkAbout2017-02-15 17-084 RESOLVECOUNCIL ACTION Item No. 17-084 Date: February 13, 2017 Item/Subject: Resolve, Appropriating $636,614 from the General Fund Unassigned Fund Balance to Fund Building Improvements at 103 Texas Avenue Responsible Department: Finance Commentary: This Resolve will appropriate $636,614 from the General Fund Unassigned Fund Balance to fund building improvements at 103 Texas Avenue. In 2000 the Council turned operations of a City owned nursing over to a private non-profit corporation. The Bangor Nursing and Rehabilitation Center (BNRC) was created for the purpose of acquiring, managing, and operating the nursing home. Given that certain financial support and other matters needed to be addressed to continue the operation of the nursing home the City and BRNC entered into an Agreement (Master Transaction Agreement). The Agreement included a provision that the City provide funds to address recommended capital improvements identified in a report prepared by Carpenter and Associates in the estimated amount of $2.25 million. Improvements have been made over the years and there now remains $636,614 of the original $2.25 million. The Agreement also provided that the parties would negotiate a lease for the City's use of part of the building for the Health and Community Services Department and the City has leased space since the City conveyed the property to BRNC. BRNC now had a need to spend some of the remaining capital improvement funds to do some improvements necessary maintain their State and Federal reimbursement for services to its clients. BRNC has estimated that the cost of the improvements to be approximately $420,000. In addition, the portion of the building leased by the City needs some capital improvements including asbestos abatement, mold remediation, security such as doors and the layout of the space, and other life safety improvements repairs. As a result, the City and BNRC agree that what after BNRC expenditure of approximately $420,000 will be used to pay for the needed improvements to the leased portion of the building. The completion of work on under this expenditure will conclude any obligations the City incurred under the Master This item was reviewed and recommended for passage by the Finance Committee on February 6, 2017. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for Passage First Reading Referral - 4 �U� Department Head cl� 5a Yee`' City Manager Page _ of Vi'Mance Director City Solicitor 17-084 FEBURARY 13, 2017 Assigned to Councilor Sprague CITY OF BANGOR (TITLE) Resolve, Appropriating $636,614 from the General Fund Unassigned Fund Balance to Fund Building Improvements at 103 Texas Avenue BE IT RESOL VED BY 77 -IE CITY COUNCIL OF 77-1E CITY OF BANGOR, THAT The Finance Director is hereby authorized to appropriate $636,614 and establish a capital project for the purpose of funding building improvements at 103 Texas Avenue. IN CITY COUNCIL FEBRUARY 15, 2017 CR 17-084 FIRST READING CITY CLERK IN CITY COUNCIL FEBRUARY 27, 2017 CR 17-084 MOTION MADE AND SECONDED FOR PASSAGE SASSED CITY CLERK