Title
Approval of Gilhams Lake Homeowners Association's (HOA) application through the City's Lakes and Ponds (L&P) Partnership Program for funding in the amount of $100,000 and approval of Budget Amendment 24071301-06-11-12.
Presented by Stuart Moring, Director of Public Works/Environmental
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Item Summary:
Gilhams Lake HOA has submitted an application for project funding through the L&P Partnership Program. The requested funds are to be used for removing accumulated sediment at Gilhams Lake in accordance with the objectives of the L&P Partnership Program. Staff has reviewed the application and finds that it meets all of the criteria of the program. Under the L&P Program, the City's estimated share of the project would be $100,000, or 50% of the applicant's estimated budget cost of $200,000.
The Public Safety and Public Works Committee recommended using the unencumbered, remaining budgeted amount for Lake Charles in the amount of $33,841.20, with the remaining amount of $66,200 to be allocated from the Soil Erosion Fund. The Soil Erosion Fund Committee approved this allocation of $66,200 from the Soil Erosion Fund to fund the L&P application, resulting in the $100,000 required for the City's share of the project.
Committee or Staff Recommendation:
On May 15, 2012 the Public Safety and Public Works Committee recommended placing this item on the Mayor and Council Agenda. The Soil Erosion Fund Committee approved use of its funds on May 30, 2012.
Financial Impact:
Upon approval of Budget Amendment 24071301-06-11-12, funds in the amount of $100,041.20 will be available for this project; $33,841.20 will be available in Org 35071100, Object 541200, Project 84013 and $66,200 will be available in Org 24071301, Object 541200, Project 84013. Upon approval of this action, the estimated available Soil and Erosion Fund, fund balance will be $103,353.
Presented by:
Stuart A. Moring, P.E., Director of Public Works/Environmental