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,�/