Title
Approval by the Mayor and/or City Administrator for Budget Amendment BA 1585CP 08-10-09 to move funds in the amount of $24,950 from the South Atlanta Contingency Account into a new project account to fund the moving of the house at 426 South Atlanta Street.
Presented by Steve Acenbrak, Director
Body
Item Summary:
This property is one of the historic properties on S. Atlanta Street that would be impacted by the plan to eliminate the reversible lanes. The property currently projects into the proposed right of way and needs to be moved back on the property approximately 15 feet. The owner of the property is in the process of extensively renovating the property to prepare for a new business venture. The cost to do this work now is $24,950. If the City waits until the structure is renovated and the business opens, the price to move the structure will exceed $100,000 due to the increased costs of disconnecting all utilities as well as the loss of revenue. Community Development & Transportation staff have coordinated this effort with the property owner.
Committee or Staff Recommendation:
Staff recommends approval.
Financial Impact:
Approval of Budget Amendment BA 1585CP 08-10-09 will move funds in the amount of $24,950 from the South Atlanta Street Contingency Account into a new project account, South Atlanta Street, CC 4210CP, Account # 541415, Project # 10TRA001.
Presented by:
Steven D. Acenbrak, P.E., LEED AP, Director of Transportation