LEGISLATIVE ACTION ITEM
SPONSOR: City Council Member Sherri Myers
SUBJECT:
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SUPPLEMENTAL BUDGET RESOLUTION NO. 2021-77 - MARKET PLACE STORMWATER POND
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RECOMMENDATION:
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That City Council adopt Supplemental Budget Resolution No. 2021-77:
A RESOLUTION AUTHORIZING AND MAKING REVISIONS AND APPROPRIATIONS FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
Market Place Street is a one block street that abuts the north side of a five acre city storm water pond that also abuts 12th Avenue and Grande Street. The five acre pond is an unsightly, poorly maintained storm water pond surrounded by a rusting chain link fence that has barbed wire on top of the fence. The pond is surrounded by hundreds of small businesses, medical facilities and a residential neighborhood. The city is in the process of making the pond deeper and wider. The area of the pond abutting Market Place Street is approximately 15 to 20 feet wide. There are no sidewalks along Market Place to connect to the sidewalk on 12th Avenue and Grande Street. Market Place Greenway was designed by landscape architect Michael Wolf, whose concept has been submitted to City Council numerous times. Providing trees, shade, landscaping, plantings and vines, sidewalk, benches and adequate lighting will be an improvement to provide walking and recreational opportunities for people who live and work around the Market Place Street. Planting trees will also mitigate the loss of vast portions of the area’s tree canopy providing mitigation for climate change, habitat for birds and pollinators as well as improving the spiritual life of those who enjoy the serenity of walking and admiring the beauty of nature.
PRIOR ACTION:
June 17, 2021 - City Council received a presentation regarding the Market Place Greenway
October 24, 2019 - City Council received a presentation regarding the Market Place / Summit Greenway and Carpenters Creek Watershed
FUNDING:
Budget: $ 0
Actual: $100,000 - Tree Trust Fund
30,000 - District 2 Allocation from Tree Trust Fund
100,000-Unassigned Fund Balance
$230,000 -- Total
FINANCIAL IMPACT:
This Resolution will reduce the Tree Trust fund by $100,000, will zero out District 2’s Trust Fund Allocation, and will reduce the Unassigned Fund Balance (Frozen Fund) by $100,000.
STAFF CONTACT:
Don Kraher, Council Executive
ATTACHMENTS:
1) Supplemental Budget Resolution No. 2021-77
2) Supplemental Budget Explanation No. 2021-77
PRESENTATION: No