HomeMy WebLinkAboutResolution 4849 Budget Amendment for TIFD North 7th Corridor for Midtown Streetscape Projects Gi
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COMMISSION RESOLUTION NO. 4849
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN,
MONTANA, AMENDING FISCAL YEAR 2018 (FY18) TIFD NORTH 7TH CORRIDOR
FUND BUDGET TO INCLUDE ADDITIONAL EXPENDITURES OF$400,000.
WHEREAS, the City Commission did, on the 261h day of June, 2017, after due and
proper legal notice, conduct a public hearing and adopt a municipal budget for Fiscal Year 2017-
2018 (Fiscal Year 2018); and
WHEREAS, the City Commission did, on the 9th day of October 2017, after due and
proper legal notice, conduct a public hearing on proposed amending the municipal budget.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of
Bozeman, Montana, to wit:
Section 1 —Appropriation Changes
The City Commission of the City of Bozeman, Montana, does hereby
authorize the following changes to expenditures in the TIFD North 7th Corridor Fund:
Additions: This project and amount is added to the FY18 budget.
Streetscape project $270,000
Streetscape project contingency $30,000
Oak and N. 7t1i turn lane project $60,000
5th BMX Park back in parking design $70,000
Professional services $20,000
Midtown TIF Assistance program increase $195,000
$645,000
Deletions: This project and amount is deleted from the FY18 budget.
Resolution 4849,Budget Amendment for N. 7II'Streetscape Projects for FY18
Streetscape with existing work plan ($195,000)
5ch St. Trail project ($150 000
($245,000)
Total Appropriations Changes: $400,000
Section 2—Use of Cash on Hand in the TIFD North 7th Corridor Fund
The increased appropriation will be funded with cash on hand in the TIFD North 7th
Corridor Fund.
Section 3
Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in full
force and effect on July 1, 2017.
Section 4
That should it be found by any court of competent jurisdiction that any section, clause,
portion, sentence, word, or phrase of this resolution is deemed to be contrary to any existing law
or regulations,that in this instance, it is the intent of the City Commission of the City of Bozeman,
Montana,that all other portions, sections,words, clauses,phrases, or paragraphs of this document
shall remain in full force and effect.
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Resolution 4849,Budget Amendment for N. 7"Streetscape Projects for FY18
PASSED, ADOPTED, AND APPROVED by the City Commission of the City of
Bozeman, Montana, at a regular session thereof held on the 9th day of October,2017.
CARSON TAYLOR
Mayor
ATTEST: ,�0� BOZO''
L� �.:i ■ �C
ROBIN CROUCH
City Clerk
L�TrN Co
< APPRO, D AS FORM:
S LLIVAN
City Attorney
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