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File #: ID 20-0166    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 1/29/2020 In control: City Council
On agenda: 2/18/2020 Final action: 2/18/2020
Title: Ordinance in the Amount of $1,500,000 Amending the Parks and Recreation Bond Fund Capital Project Budget
Attachments: 1. 20-0166 ORD F482 P&R AMENDMENT .pdf

 

Title

Ordinance in the Amount of $1,500,000 Amending the Parks and Recreation Bond Fund Capital Project Budget

 

Body

Council Priority: Create an Environment to Promote Economic Development Opportunities and Job Creation

 

Department: Parks and Recreation

Council District: 3

 

Public Hearing: n/a

Advertising Date/By: n/a

 

Contact 1 and Phone: Nasha McCray, 373-7360

Contact 2 and Phone: Richard Lusk, 373-2077

 

PURPOSE:

To amend the Parks and Recreation Bond Fund for a contribution of $1,500,000 received from Action Greensboro for the downtown greenway project.  

 

BACKGROUND:

The Parks and Recreation Bonds authorized in 2016 included funding for a downtown greenway. Development to date of this public private project has benefitted significantly from local donations and contributions. 

 

BUDGET IMPACT:

Additional funding toward this project in the amount of $1,500,000 was received from Action Greensboro January 2020.

 

RECOMMENDATION / ACTION REQUESTED:

The Parks and Recreation Department requests City Council approval of the attached budget ordinance amending the Parks and Recreation Bond Fund Capital Project Budget, in the amount of $1,500,000.