Title
Ordinance No. 19-10 amending Ordinance No. 18-118 (2019 Appropriation Ordinance) for a supplemental appropriation to the General Fund in the amount of $41,555 for a transfer to the Capital Improvement Program Fund; and to the Capital Improvement Program Fund in the amount of $41,555 for street paving in The Estates at Rockrimmon (formerly Crown Hill at Rockrimmon)
Presenter:
Charae McDaniel, Chief Financial Officer
Travis Easton, P.E., Public Works Director
Corey Farkas, Manager of Operations and Maintenance, Public Works
Body
Summary:
The attached Ordinance is a supplemental appropriation to the General Fund to recognize as revenue financial assurance funding of $41,555 currently held in escrow, and transfer this amount to the Capital Improvement Program (CIP) Fund. The attached Ordinance is also a supplemental appropriation to the CIP Fund for street and pavement improvements within The Estates at Rockrimmon (formerly Crown Hill at Rockrimmon).
The source of funds for the General Fund is the financial assurance currently held in escrow. The source of funds for the CIP Fund is the transfer from the General Fund.
Previous Council Action:
On November 27, 2018, City Council approved the original 2019 budget per Ordinance No. 18-118 (2019 Appropriation Ordinance).
Background:
Due to severely crumbling and cracked streets in The Estates at Rockrimmon, residents within that neighborhood began contacting the Public Works Department in 2015 about the conditions of their roadways. The construction of the roadways occurred from 2006 to 2010. As of 2015, the roadways within that subdivision had not been accepted into the City's inventory because they were poorly constructed. Therefore, at that time, the Public Works Department refused to repave them, and instead, looked to put the responsibility back onto the original developer.
However, after the roads were constructed, the developer filed for bankruptcy, and the development was purc...
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