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2005 <br /> Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> GGA-16 Street Overlay Amendment-Trnsfr remainder of Conference Center Proj. 119A 134,058 134,058 <br /> In January 2003, the City issued LTGO bonds in the amount of$19,200,000 to fund the <br /> construction of the Conference Center, pay for brick and kitchen enhancements at the Events <br /> Center, and refund the Theater COPs and Fire Station/Animal Shelter LTGO bonds. The bond <br /> ordinance was amended in December of 2003 to include general capital purposes. <br /> The project is now complete and $134,058.01 in bond proceeds remains in the construction fund. <br /> This budget amendment transfers the remaining bond proceeds from the construction fund to Fund <br /> 119 to be used for street-related capital improvements. <br /> Increase Street Overlay Expenditures 119 5612000953650 134,058 <br /> Transfer in from Conference Center budget 119 3970000342 134,058 <br /> 3TC Y ✓ E/ta. gi 141. IMFT: /lil <br /> ... <br /> Department Code Rev Exp FB <br /> GGA-17 Planning Amendment-Downtown Study 021A 100,000 <br /> GGA-17 General Fund Amendment-Downtown Study 002A 100,000 <br /> The Planning Department has been asked to prepare a Downtown Plan. A budget advisory was <br /> presented to the Budget Committee on February 1, 2005 with an estimated cost of$100,000 in <br /> consultant fees to complete a downtown plan. After that meeting, Council members weighed in on <br /> what should be included in the downtown plan process. A proposed scope of work was created. It <br /> is estimated that the plan will take 8 to 9 months to complete. The plan could lead to a Planned <br /> Action Master SEPA review to expedite development and be used as a marketing tool for <br /> downtown. <br /> The combined estimated cost for the three consultants the City will use to conduct the downtown <br /> planning effort total to $103,225. There is no funding in the existing budget for this effort, so a <br /> new budget appropriation will be required. <br /> Funds of$100,000 will be appropriated to be transferred from CIP4 and to be spent out of the <br /> Planning Department 021. <br /> Increase Planning Department Expenditures 021 5010439410 100,000 <br /> Transfer in from CIP 4 to General Fund 002 3970000162 100,000 <br /> ATTACHMENT A <br /> Tally 2005.xls 8/12/2005 <br />