HomeMy WebLinkAbout1999-09-13 99-304 ORDER_ Iron llo. 4
Date: September 13, 1999
Item/Subject: Order, Tralssfeming Balance from Parking Garage Tank Rem oral Account to
The Panting Garage Stabilization ProjecL
Responsible Department: Finance
The Oty previously bern>wed $12,000 M ral an undergmuM oll lank located at Me Pickering Square
Parking Garage. This project has been completed at a total cost of $0,397.9, lowing a balance of $3,006.96.
At the same time, Me City undertook a garage stabilization Project to repair and waterproof certain structural
elements of the building. This project, which addressed appionmately one half of the structure, overran its
$90,000 budget by$6,268.65. This will also be an ongoing Project which will require aididoal funding to
complete the remaining work.
The attached order will aumoriae the transfer of the remaining balance from the tank project ro Me
s'tzbllbadon project M cover a portion of the overrun. The additional amount needed will be transferrer either
from Me Parking Fund's operating budget or from other capital projects which may be completed below
budget estimates.
Both aMese projects were undertaken with bond funding, the repayment of which is the responsibility of the
Parting Fund ,
I would recommend your approval athie transfer.
Department Head
Manager's Comments:
Recommend approwl.
Ob Monose
Associated Information: Order
Budget Approval:
O loco!
InModucea for
X Passage
First Reading Pape_ b
Referral
YAssignM to Camcib plavchetre September 13, 1999
r .4:
CITY OF BANGOR
(Mi E.) Order, Transferring Balance frwn Parking Garage Tank Removal Account M the Parking
Garage Stabilization Project.
ay tinecry couz /offheOtyofisacgw.
ORDERED,
THAT
The balance from the Parking Garage Tank Removal BoM Project is hereby transfersd to the Parking
Garage Stabilization Project.
IM CITY 0009CIL
September 13, 1999 99-306
eaaaea ORDER
Title, Transferring Mlanae irua Par"W
Garage Tank geaoval Araoaat to the
Parking Garage Stabliaativa Project
Assigned S0
I ,/ of