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HomeMy WebLinkAbout2001-05-14 01-205 RESOLVEDante: 5-19-01 Item/Subject Resolve, Making an AppropmAlon from Me General Fund Undesignated Fund Balance forthe Curve Street Neighbodagd Improvement Project. Reapenslble I)epartment: City Manager Over Me past several years, Me Council has established a priority to maintain and improve Me City's neighborhoods and housing sto&. Two areas of Me community have been closely analyzed - Union Place and Curve Street The Union Place neighborhood protect Is wall underway, and an opportunity has presented itself W begin a similar project on Curve Str M. The owner of a number of properh'es in Mat area has offered to sell Man to the Off. Given has mMition of these propemes, It would be our rerommendabon Mat May be removed. The first ideas of Mis protect would annoys the purchase and demabon of nine properties, a number of whit have already been plawNed by Cie Enforcement In order to undertake has Intel step, we estimate that a budget of approximately $200,000 will be required. Ancse funds will be used as follows: Acquisttlon d Property $150,000 Relocation 5,00o AsboMs Removal 50,000 Demokion and Clean-up 20,000 TOTAL $225,000 Please note Mat Me figures for asbestos removal, demolition, and clean-up are estimated and actual figures may vary. then tl»t the Union Pace project has required! sgnificerrt Community Development Funds and Mat we are not in a position to address Curve Street from Mat funding source, I would recommend Mat the necessary funding be provided through the use of undesignated fund balance. This will allow us M take advantage of this Immediate opportunity and begin ro address the concerns Mat we all share about the condition of this rreghborhood. DepaMrent Head! Manager's Comments: �-,Nypy C Manager Associated Information: Resolve Fnance Director Legal Approval: C it or Introduced for Passage • First Reading Page_M X Refermal to Finance Committee, May 23, 2001 Aeeignea to councilor Palma: May la, 2001 77 CITY OF BANGOR (TITLE.) Resolve, Making an Appropriation from the General Fund Undesignated Fund Balance for the Curve Street Neighborhood Improvement Project By the Oty Coux!/ of the C1ry of 8&W.. RES9-1 TED That there Is hereby appropriated from the General Fund's undesignated fund balance to the Capital Fund the amount of $225,000 for the purpose of the Curve Sheet Neighborhood Improvement Project. The Finance Director is authorized to establish the necessary account within the Capital Fund for this project IN CITY COUNCIL Nay 16, 2001 first Neading Referred t0 finance COmittee 1Y CL IN CITY COUNCIL May 30, 2001 Notion for Passage Made and SecomAed Passed CITT CLEF* p 01-205 A E S 0 1 VN (TrrLE,) Na g an Appropriation from the Curve Street Nfeghborhood Impawament project (for Referral to Finance Committee - 05/23/el - 5 p.m.) Assigned b''C,/ willor /(''i �,�t�y,�/