HomeMy WebLinkAbout2002-05-13 02-213 RESOLVEItem No 02-213
Date: May 13, 2002
Item/Subject: RESOLVE -Appropriating $96,4110 from the Park Woods Trust Account for
Capital Purposes
Responsible Department: Health & Welfare
As you may recall, the proceeds from the sale of the surplus property in the Randolph Drive
area were used to establish a trust account for the maintenance and operating costs
associated with the Park Woods housing complex.
This resolve would appropriate the funds necessary to reimburse Park Woods $16,400 for
prior year capital expenditures and to establish the funding for the year 1 capital plan in the
amount of $80,400. The primary area of improvement in FY02 will be the replacement of
garage side doors, rotten trim and overhead doors. On an annual basis City and Housing
Authority staff meet to further refine the anticipated five-year capital plan.
In May 2002, the Park Woods housing complex will be undergoing a lead inspection. Based
upon the findings, the five-year capital plan will be adjusted as needed and will be brought
before a committee for discussion.
Associated Information: Resolve
Department Head
Finance DireRor
City Sollcitor
Passage
X First Reading Page _of_
X Referral to FinanceCommiteeof May 22, 2002
**lv Assigned to Councilor Steu&le May 13, x002
CITY OF BANGOR
IS
(TITLE.) Resolve, Appropriating $96,400 from the Park Woods Trust Account for
capital Purposes
By to Ofy Coon& of Me Oky of&s .
RESOLVED, TRAT
The amount of $96,400 he appoprlatetl Mon Me park Woods Trust Aaount W an aoaum M he
established by Me Rnance OlreQorM provide funding for pnor and current year capital Impnamsnents M
Me Musing cunwex.
IR CITY COUNCIL
Nay 13, 2002 02-213
First Reading
Referred to Finance R R S 0 L V 6
C®ittee
Title, Appropriating $96. 600 from the
C CLgee Park Woods Trust Account for Capital
Purposes
IN CITT COUNCIL
May 29, 2002 Assigned to
Notion Made and Seconded
for Passage n
Passed
C CLRBR � COUOCIIOf