Title
Ordinance in the Amount of $14,018,825 Amending the Fire Stations Bond Fund (Series 2019) Capital Project Budget
Body
Council Priority: Promote Public Safety & Reduce Crime
Department: Fire
Council District: 1 and 2
Public Hearing: n/a
Advertising Date/By: n/a
Contact 1 and Phone: Bobby Nugent, 373-2297
Contact 2 and Phone: Richard Lusk, 373-2077
PURPOSE:
To amend the Fire Stations Bond Fund to fund bids awarded on December 17, 2019 for the replacement of Fire Stations 7 and 56.
BACKGROUND:
On May 21, 2019, City Council authorized establishment of the Fire Stations Bond Fund (Series 2019) for the purpose of funding the replacement of Fire Stations 7 and 56, new fire training facilities and emergency equipment.
BUDGET IMPACT:
Funding for the replacement of these fire stations of $14,018,825 will come from a Guilford County contribution of $2,316,491 (based on building square footage occupied by Guilford County EMS) and bonds/bond premiums of $11,702,334 issued in FY19-20.
RECOMMENDATION / ACTION REQUESTED:
The Fire Department requests City Council approval of the attached budget ordinance amending the Fire Stations Bond Fund (Series 2019) Capital Project Budget in the amount of $14,018,825.