HomeMy WebLinkAbout1/2/2003 - STAFF REPORTS (14) DATE: January 2, 2003
TO: City Council
FROM: Executive Director-Airports
SECOND PHASE CONVENTION CENTER - DESIGN AND CONTSTRUCTION
MANAGEMENT BUDGET AMENDMENT
RECOMMENDATION:
It is recommended that City Council approve a budget amendment to fund the
Second Phase Convention Center Expansion (CC P-2) project design and
construction management services through the bidding phase.
SUMMARY:
This action will put in place the necessary funding to pay for CC P-2 project design
and construction management services through the bidding phase.
BACKGROUND:
On December 18, 2002, the City Council approved a design contract for the CC P-2
project with Fentress Bradburn Architects and on this agenda is a companion item
to approve Construction Management Services with Turner Construction Company.
The specific budget needs for this portion of the project prior to actual bond
issuance are:
Architect Design $2, 100,000
Construction Management $ 175,000
TOTAL $2, 275,000
The funding for this work is part of the overall bond issue that will be sold to cover
project costs.
A budget amendment form appropriating funds from the General Fund Reserves
is attached for City Council consideration. Once the bonds are issued the General
Fund Reserves will be replaced.
APPROVED: /0'i(
ALLEN F. SMOOT, A. A. E. THOMAS M. KANARR
Executive Director - Airports Director of Finance and Treasurer
APPROVED.
City Manager r--�
Attachment: 1. Budget Amendment r �
RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR
THE 2002-03 FISCAL YEAR.
WHEREAS Resolution 200357 approving the budget for the fiscal year 2002-03 was
adopted on June 5, 2002; and
WHEREAS the City Manager has recommended, and the City Council desires to
approve, certain amendments to said budget;
NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to
record inter-fund cash transfers as required in accordance with this Resolution, and that
Resolution 20357, adopting the budget for the 2002-03 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
261 4283 43200 $2,275,000
Capital Projects Convention Center Contractual
Phase II Services
Purpose: To provide funds for architectural and other design
expenses for the expansion of the Convention Center.
SECTION 2. SOURCE The Advance from the General Fund reserves will be
repaid from Bond Proceeds.
Fund Activity Account Amount
001 12415 $2,275,000
General Fund Advances to Other
Funds
Adopted this day of , 2003.
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED ��