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HomeMy WebLinkAboutsummary formDate: 2/25/2005 AGENPA ITEM SUMMARY FORM FILE ID: 0 5 -- 06q.0q. Requesting Department: C.C.P.F. Commission Meeting Date: 3/24/2005 District Impacted: 2 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Amendment to Resolution 01-869 Purpose of Item: To amend City Resolution 01-869 which authorized the aquisition of removal services for derelict vessels throughout Citywide waterways by changing the funding term from an aggregate basis to a reccuring annual basis and by changing the expenditure threshold level from $68,000 to $150,000 utilizing Special Revenue Account No. 110021.3 50124.6.340 and any other available funding sources subject to funding availability and budgetary approval. Background Information: The previous Resolution approved in 2001, provided for an aggregate expenditure threshold for derelict vessel removal services by the City of $68,000, which has been reached. There are currently over forty derelict and sunken vessels located throughout City waters, and it is expected that this problem will continue to occur. Consequently, it is necessary to change the funding term from an aggregate basis to a recurring annual basis and changing the expenditure threshold.from $68,000 to $150,0000 for derelict vessel removal in City waters utilizing Special Revenue Account No. 110021.350124.6.340 and any other available funding sources subject to funding availability and budgetary approval. Budget Impact Analysis NO Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: 110021.3 50124.6.340 4 iv' `c r I OP Project No: 1,10; NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: $0.00 Maintenance Cost: $0.00 Total Fiscal Impact: 0 CIP If using or reeei Grants Purchasin Chi�� 4 ca • tal un Final Approvals 1 Budget a//i�j __ Risk'nage( , Dept. Directo 'it7W City Manager tellrAl Page 1 of 1