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HomeMy WebLinkAbout1999-06-28 99-249 ORDERCOUNCM ACTION Item No 99-269 Date: June 28, 1999 ItenuSubject: Order transfering $25,000 from Mansfield Stadium Construction Bond to the Armory Construction Bond to complete Life Safety Construction Responsible Department: _ _ _ Project. Cormmentary: The City borrowed $30,000 several years ago to seal the roof of Mansfield Stadium to reduce water penetration into the grandstand. This project has not been done because the actual bid was par more than the budgeted amount. We have proposed borrowing an additional $35,000 in PY00 in order to complete this project. In order to meet the immediate needs of the Armory Project we are requesting that the Council anthorlae the transfer of $25,000 from the existing Mansfield account to the Armoty account project and that the amount n to be borrowed next year for Mansfield Stadium be increased to $60,000. This will have a negligible effect on thePY00 budget ($625) and will allow bath projects to be completed. 1. p ss Depaninent Head Manager's Comments: �yJ 2ltafs I �Lt'b rwl Ciry Manager Associated Information: 0 na,v 1 Budget Approval: Finance Director Legg Approval: Z40 ty Solicitor Int need for Passage _First Reading Page _of— _Referral Ameigned toCouncilor Crovley lune 28, 1999 CITY OF BANGOR 7�ransferinq $25,000 f om Mansfield Stadium Construction Bond t0 the Armory Construction Bond t0 Complete Life Safety Construction By ds Cite Council offka City of BanVmr ORDERED, TEAT the amount of $25,000 is hereby transfered from Mansfield Stadium Construction Bond Account 7609-91008700 to the Armory Construction Bond Account 7514-91008700 in order to complete Phase IV of the Armory Construction Project. IN CfT COUNCIL Tose M. 1999 Matiw for Passage Made and Secwded Passed SE 99-269 0x ocn Title, Transferring {25.000 from Mansfield SeadLm Cwstrwtiw Bond to tM Armory Caoe[rw[iw Bond to Complete Life Safety Coosiiuiion' pioject' .........)/�.. I ...�..�........ �...... j�.. /... . U Councilman