|City of Independence|
|AGENDA ITEM COVER SHEET|
|BILL NO. 19-502||Ord.No: 19007|
19-502 - 1R. An ordinance appropriating $1,325,000.00 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.
Staff recommends approval of this Ordinance.
This ordinance would appropriate $1,325,000.00 in the City’s Event Center Fund from the Events Center Community Improvement District (CID) in order to purchase phase II of the video boards and point-of-sale hardware and software upgrades for the Silverstein Eye Centers Arena.
The Board of Directors of The Events Center Community Improvement District (CID) met on April 29, 2019 and approved an amended Fiscal Year 2019 operating budget as well as an amended Fiscal Year 2020 operating budget. Capital outlay funding in the amount of $1,325,000 was shifted from the 2020 Fiscal Year back to the 2019 Fiscal Year in order to allow these projects to be scheduled and completed before next seasons sporting events at the Silverstein Eye Centers Arena. Phase II of the video boards requires a ninety-day lead-time and the point-of-sale hardware and software upgrades requires a sixty-day lead-time. It is essential that these projects be completed in July and August 2019 when there are fewer scheduled events at the Arena.
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.
Capital outlay projects associated with this appropriations ordinance require a sixty-day and ninety-day lead-time, which necessitates receiving a purchase order by mid-May in order to meet project deadlines.
This ordinance would appropriate $1,325,000.00 in the City’s Event Center Fund (045) from The Events Center Community Improvement District (CID) fund for capital outlay expenditures at the Silverstein Eye Centers Arena facility.
General Ledger Account 7045-5406
|Department: Parks/Recreation/Tourism||Contact Person: Eric Urfer, Director|
|Parks | Recreation | Tourism Department||Approved|
|City Managers Office||Approved|
|City Clerk Department||Approved|
|Council Action: ||Council Action: Accepted|