Ordinance 3092-08 - Laserfiche WebLink

2007 Budget Adjustments Tally Sheet Department Code Rev Exp FB GGA-12 Street Amendment-Gateway Streetscape RFP 120A 75,000 75,000 GGA-12 Non Dept Gen Fund Amendment-Gateway Streetscape RFP 009A (75,000) GGA-12 General Fund Amendment-Gateway Streetscape RFP 002A (75,000) At the Council retreat, Council expressed an interest in developing a gateway streetscape plan for the entryways to Everett. We are soliciting assistance from local consultants to provide a plan for the city through an RFP process. The plan will be coordinated with the Urban Design Element of the City's Comprehensive Plan to provide an overview of major arterial streets that move traffic into the city, across the city or entry points into designated neighborhoods where gateways would be appropriate. The plan will be coordinated within several city departments and should identify the general entryway locations that should be developed as"Gateways"into the City. The plan is expected to be completed by year-end 2008. The RFP was authorized by City Council on April 16, 2008. This budget amendment transfers funding to the Street Department from the General Fund. Increase Street Dept Expenditure budget 120 5800108900494 75,000 Increase Street Dept Property Tax budget 120 3111000000 75,000 Decrease General Fund Property Tax budget 002 3111002000 75,000 Decrease General Fund Ending Fund Balance 009 5980000490 75,000 Department Code Rev Exp FB GGA-13 Non Dept Gen Fund Amendment-Traffic Signal Conservation 009A 200,666 (200,666) GGA-13 The City currently maintains 168 traffic signals. These signals typically use 135-watt light bulbs for the yellow/green traffic signal displays and 69-watt light bulbs for the pedestrian signals. As part of its energy conservation program, the Snohomish County PUD is offering the City an incentive to replace the incandescent green and pedestrian light bulbs with Light Emitting Diodes (LED's). The incentive to the City amounts to roughly 54%of the replacement cost; a two year payback of the City's cost through reduced electric bills (because of reduced electrical usage); and longer signal life (LED's last about 7-10 years.) The total project cost is $432,744, with the PUD providing funding of$232,078. This budget amendment provides $200,666 from the general fund to be transferred to the capital project Fund 303. Transfer out to Fund 303 009 5000900550 200,666 Reduce Ending Fund Balance 009 5980000490 200,666 ATTACHMENT A Tally 2008.xls 8/8/2008