|City of Independence|
|AGENDA ITEM COVER SHEET|
|BILL NO. 18-505||Ord.No: 18916|
18-505 - 1R. An ordinance appropriating $1,049,000.00 in the City’s Event Center Fund from the Events Center Community Improvement District (CID) for capital outlay expenditures at Silverstein Eye Centers Arena, and declaring an emergency.
The Finance Department recommends approval.
The Board of Directors of the Events Center Community Improvement (CID) met on May 23, 2018, and approved an amended Fiscal Year 2018 operating budget as well as the Fiscal Year 2019 operating budget. These approved budgets include a combined total of $1,049,000.00 for capital outlay expenditures to be made at the Silverstein Eye Centers Arena facility.
This ordinance would make an appropriation allowing for the use of these funds for projects approved by the CID Board. As expenditures for capital improvements cannot be made directly from the CID fund, approval of this Ordinance would allow City staff to proceed with entering requisitions for said improvements. Oversight and management of the approved capital improvement projects will be performed by both CID Board Members and City staff.
The following projects were approved by the CID Board and will be implemented upon adoption of the appropriations ordinance:
Video Board/Ribbon repairs reimbursement $ 54,000
LED Lighting $ 460,000
Party Patio w/fence & electric $ 60,000
Wi-Fi Facility Wide $ 350,000
Point-of-Sale Software Replacement $ 110,000
Party Zone Community Ice $ 15,000
Contracts cannot be approved for the capital outlay expenditures until appropriations are authorized. Some projects are time sensitive and must be completed in advance of tenant event dates this fall.
This ordinance would appropriate $1,049,000.00 in the City’s Event Center Fund from The Events Center Community Improvement District (CID) fund for capital outlay expenditures at the Silverstein Eye Centers Arena facility.
|Department: Finance and Administration||Contact Person: Mark Thoma-Perry|
|City Council Mgmt Analyst||Approved|
|City Managers Office||Approved|
|City Clerk Department||Approved|
|Council Action: ||Council Action: Accepted|