Title
Ordinance No. 19-42 amending Ordinance No. 18-118 (2019 Appropriation Ordinance) for a supplemental appropriation to the General Fund in the amount of $38,470 for street and stormwater repairs and improvements in the North Dublin Filing No. 1
Presenter:
Charae McDaniel, Chief Financial Officer
Travis Easton, P.E., Public Works Director
Body
Summary:
The attached Ordinance is a supplemental appropriation to the revenue and expenditure budgets of the General Fund in the amount of $38,470 in order to recognize as revenue financial assurances, currently held in escrow, and to provide the budget to Public Works to accomplish street and stormwater repairs and improvements in the North Dublin Filing No.1.
The source of funds for the General Fund is the financial assurance currently held in escrow.
Previous Council Action:
On November 27, 2018, City Council approved the original 2019 budget per Ordinance No. 18-118 (2019 Appropriation Ordinance).
Background:
Public Works has been monitoring North Dublin Filing No. 1 to determine if Apaloosa Investment, LLC, has completed a number of required work items. On December 6, 2018, Public Works sent two letters to Apaloosa Investment, LLC, informing them of the required work items and providing 60 days to allow for the work to be complete. As of the 60-day notice that concluded on February 6, 2019, the work was not complete and the City is now required to complete the work items.
On December 6, 2018, the Engineering Development Review Division of the Public Works Department sent a letter to Apaloosa Investment, LLC, informing them that they needed to complete the following work within 60 days in the North Dublin Filing No. 1: remove and replace curb, gutter and concrete as previously discussed, and complete traffic signage per the list given at the final inspection. The area was re-inspected February 6, 2019, at which time the required items were not completed. While the $21,543 of assurance fun...
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