Title
Approval of Budget Amendment 7345-02-28-11 in the amount of $45,000 for facilities maintenance at Leita Thompson Memorial Park.
Presented by Joe Glover, Director
Body
Item Summary:
Funding in the amount of $45,000 will be used for renovations of 16 aged apartments. All the apartments are occupied with a total of 17 residents.
Committee or Staff Recommendation:
On February 15, 2011 the Administration and Finance and Recreation and Parks committee recommended placing this item on the February 28, 2011 Mayor and Council Agenda.
Financial Impact:
The Leita Thompson Rental Property Fund currently has a fund balance of $148,700. Upon approval of Budget Amendment $45,000 will be available in Cost Center 7345, Account Number 522205, and the fund balance will be $103,700.
Presented by:
Joe Glover, Director of Recreation, Parks, Historic and Cultural Affairs