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Item 7B - Mayport Corridor CRA Budget ModificationAGENDA ITEM: SUBMITTED BY: DATE: BACKGROUND: CITY OF ATLANTIC BEACH C ITY COMMISSION MEETING STAFF REPORT Mayport Co rr id or CRA B ud ge t Modi1ication J e remy I lub sch /JrJl Building and Zo nill g Dir ec tor (. .. :tf Jun e 24, 20 15 AGENDA ITI1M 1178 .JULY 13,201 5 1\t the Jun e 2211(1 Cit y Co mm ission mee tin g, staf"T br ought forward a pr opo sa l fo r a Ma ypo rt Co rrid ol' CRA stud y fr o m th e finn VHB , with s ub co ns ultants th e No rth eas t Flor ida Regional Co uncil and Steve Lind o riT. The Co mmi ss ion vo ted unanimou s ly to move th e proj ect forward. The tot a l cos t o f the proj ect is $92,44 6.67. T he Cit y has appli ed for t he Co mmun ity Plannin g Techni ca l Ass is ta nce Gra nt from th e Flo ri da Departm ent or Eco no mic Opportuni ty to help fund th e CRA stud y. Th e amo unt appli ed fo r is $48 ,3 95.38 , whi ch wou ld fund ov e r ha lf or th e s tud y . However, the C it y will not find o ut if it was awarded the g ra nt until mid -A ugust. Staff is requ es tin g a mid -year bud ge t modifi ca ti on of $92,447 to fund th e stud y and ge t th e proj ec t start ed. BUDGET: Mid~year budge t mod ifi ca ti on of$92,447 RECOMMENDATION: Approve Ordin ance 20-15-131 ATTACHMENTS: Ordinance 20-15-13 1 REVI EWED BY C I TY MANAGER: ORDINANCE NO. 20-15-131 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2014 AND ENDING SEPTEMBER 30, 2015, AND PROVIDING AN EFFECTIVE DATE. AGENDA ITEM # 7B JULY 13, 2015 WHEREAS, the City Charter of the City of Atlantic Beach requires that the City Commission approve all budgetary increases and transfers at the fund level, and WHEREAS, the nature of budgetary systems and those day-to-day decisions affecting such budgetary systems require adjustments from time-to-time, and WHEREAS, the City is amending the operating budget to add net funds totaling $92,447 for the increase in the Planning and Zoning Division of the General Fund for contractual services related to the Maypmi Corridor CRA. WHEREAS, the City of Atlantic Beach did not include the funding of this agreement in the adoption of the original Fiscal Year 2015 Annual Operating Budget and therefore must amend the budget to have sufficient amounts within the Planning and Zoning General Fund in order to fund the CRA study. NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON BEHALF OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, that; 1. The Fiscal Year 2014/2015 Budget to be amended as follows: Expenses: Planning and Zoning Contractual Services Total Expenses: Fund Balance ~GENERAL FUND ~ 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this 13th day of July 2015. $92 447 $92.447 <$92.447> Passed by the City Commission on second and final reading this 27th day of July 2015. Approved as to form and correctness: RICHARD KOMANDO, ESQUIRE City Attorney CAROLYN WOODS Mayor I Presiding Officer ATTEST: DONNA L. BARTLE, CMC City Clerk