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HomeMy WebLinkAbout08. 19-541 OCTOBER 8, 2019 19-541 RESOLUTION (CARRIED 7-0 LOST LAID OVER WITHDRAWN ) PURPOSE: APPROVE AMENDMENT TO 2019 CIP BUDGET FOR TIF #19 FERNAU COURT CUL-DE-SAC PAVING $145,000 INITIATED BY: FINANCE DEPARTMENT WHEREAS, the Common Council has adopted the 2019 CIP Budget, which is on file in the Office of the City Clerk and available for public inspection; and WHEREAS, TID #19 has sufficient funds to pay for the needed paving of the Fernau Court cul-de-sac; and WHEREAS, an amendment to the 2019 CIP Budget is necessary for this purpose. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh that the 2019 CIP Budget, on file in the City Clerk's Office, is hereby amended with adjustments as listed in attached Amendment 10. Cityof W Oshkosh TO: Honorable Mayor and Members of the Common Council FROM: Allen Davis, Community Development Director DATE: October 1, 2019 RE: Approve Budget Amendment to TIF 19$145,000 BACKGROUND The cul-de-sac bulb at the end of Fernau Court in the Northwest Industrial Park is currently gravel and is in need of paving. When Fernau Court was originally installed, the lots were vacant and when sold, would need to connect to the city's water and sewer main in the cul-de-sac bulb. If the bulb was paved, this would be a huge cost to the businesses. In an effort to save the businesses money, the city elected to keep the bulb gravel until the lots were sold and developed. A majority of the lots are now developed, so it is an appropriate time to pave. ANALYSIS With the final lot having been vacant for some time, the gravel cul-de-sac has become a nuisance to the business owners and a continuous maintenance effort for City staff. The cost of paving Fernau Court is approximately$145,000. There is a change order to Public Works contract 19-04 for Council's consideration on the agenda which includes additional services for paving Fernau Court and bringing the existing driveway aprons up to code. FISCAL IMPACT TID 19 has sufficient funds to pay for the Fernau Court cul-de-sac paving. RECOMMENDATION Council approves a budget amendment for TIF #19 in the amount of$145,000. Submitted, Approved: mit Allen Davis Mark A. Rohloff Community Development Director City Manager City Hall,215 Church Avenue P.O.Box 1130 Oshkosh,WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us 2019 Capital Improvement Program Budget Amendment, Exhibit # 10 Agenda Date: 10-08-19 Account Description: TID 19 Account#: 0528-1040-7216-00000 Explanation: Paving for Fernau Court Cul-de-sac Dollar Amount: $ 145,000