LEGISLATIVE ACTION ITEM
SPONSOR: City Council Member Sherri Myers
SUBJECT:
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SUPPLEMENTAL BUDGET RESOLUTION NO. 2022-044 - APPROPRIATION OF TREE MITIGATION FEES FOR CALIBER CARWASH DEVELOPMENT (2660 CREIGHTON ROAD) TO THE MARKET PLACE GREENWAY PROJECT
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RECOMMENDATION:
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That City Council adopt Supplemental Budget Resolution No. 2022-044:
A RESOLUTION AUTHORIZING AND MAKING REVISIONS AND APPROPRIATIONS FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2022; PROVIDING FOR AN EFFECTIVE DATE
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HEARING REQUIRED: No Hearing Required
SUMMARY:
In accordance with City code, a $10,000 tree mitigation fee for tree removal at 2660 Creighton Road for the Caliber Carwash development was paid and was placed within the Tree Planting Trust Fund.
This item seeks to appropriate that $10,000 for the Market Place Greenway project.
PRIOR ACTION:
January 20, 2022 - City Council held a discussion regarding tree removal on property located at 2660 Creighton Road pertaining to the Caliber Carwash development.
FUNDING:
Budget: $100,000 - Market Place Greenway Project
Actual: $110,000 - Market Place Greenway Project
FINANCIAL IMPACT:
The appropriation of the $10,000 mitigation fees paid for this development will provide an additional $10,000 for the Market Place Greenway Project resulting in a budgeted amount of $110,000. Adoption of the supplemental budget resolution will appropriate the funds for this project.
STAFF CONTACT:
Don Kraher, Council Executive
ATTACHMENTS:
1) Supplemental Budget Resolution No. 2022-044
2) Supplemental Budget Explanation No. 2022-044
PRESENTATION: No