Title
Approval of a Resolution and approval of Budget Amendment 4440G3-09-27-10 in the amount of $90,000 to transfer CDBG funds from the Opal and Thomas Drive Waterline Project to the Warsaw Road Waterline Project.
Presented by Stefanie Dye, Community Development Program Coordinator
Body
Item Summary:
The Opal and Thomas Drive waterline project was funded with 2009 CDBG funds in an amount of $465,218. The project's costs were lower than expected and totaled $265,760.
The engineering and construction contracts for the Warsaw Road Waterline Project total $280,491.65. $150,000 in 2008 CDBG funding was appropriated to this project. The additional funds needed were appropriated from the Water Fund. Approval of this item will reimburse the Water Fund $90,000 of the amount previously appropriated from the Water Fund. $90,000 is the maximum amount that can be reimbursed without readvertising the CDBG Annual Action Plan.
Committee or Staff Recommendation:
Staff recommends approval.
Financial Impact:
Budget Amendment 4440G3-09-27-10 will transfer $90,000 from project number 09GRA010 to 09GRA007 and will deobligate $90,000 from Water Fund Cost Center 440C, Account Number 541420, Project Number 09GRA007.
Presented by:
Stefanie Dye, Community Development Program Coordinator