HomeMy WebLinkAboutSummary FormDate: 10/17/2007
AGENDA ITEM SUMMARY FORM
FILE ID: 0 7- 1 U 3
Requesting Department: Community Development
Commission Meeting Date: 12/13/2007 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: EXTENSION AND ROLLOVER OF ACCOUNTS
Purpose of Item:
AUTHORIZING THE EXTENSION AND ROLLOVER OF ACCOUNTS OF PREVIOUSLY
APPROVED ACTIVITIES/PROJECTS, AS SPECIFIED IN EXHIBIT "A," ATTACHED AND
INCORPORATED, THAT WERE NOT COMPLETED DURING FISCAL YEAR 2006-2007, THAT
ENDED SEPTEMBER 30, 2007, TO THE CURRENT FISCAL YEAR 2007-2008, ENDING
SEPTEMBER 30, 2008; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ANY
NECESSARY DOCUMENTS TO AMEND THE EXISTING AGREEMENTS WITH SAID AGENCIES,
FOR SAID PURPOSES.
Background Information:
It has been determined that the accounts of previously approved activities/projects, specified in
Exhibit "A," attached and incorporated, must be rolled over to the current Fiscal Year to ensure the
availability of funds to complete previously approved activities/projects.
The activities/ projects are currently underway in various stages of construction but were not
completed by September 30, 2007.
Said agencies will be required to sign a restrictive covenant, and/or a mortgage and any and all
necessary documents.
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
Project No:
Is this ite 4unded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total -Fiscal Impact:
Dept. Director<
Chief
Final Approvals
IGN AND DATE)
Pa2e 1 of 1