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<br />project to cover the total cost estimate of approximately $643,290 for the project. The
<br />remaining $118,490 would come from insurance proceeds. This budget amendment
<br />provides for the transfer of $174,800, and amends the following Capital Project
<br />Ordinances:
<br />
<br />Roofing and Building Façade Project (-$174,800) - Project # 30002
<br />
<br />Revenues for this project:
<br /> Current
<br />FY 2018-19
<br />FY 2018-19
<br />Amendment
<br />FY 2018-19
<br />Revised
<br />Alternative Financing $1,267,954 ($174,800) $1,093,154
<br />From County Capital $100,000 $0 $100,000
<br />From General Fund $1,171,000 $0 $1,171,000
<br />Total Project Funding $2,639,054 ($174,800) $2,464,254
<br />
<br /> Appropriated for this project:
<br /> Current
<br />FY 2018-19
<br />FY 2018-19
<br />Amendment
<br />FY 2018-19
<br />Revised
<br />Roofing and Building Façade
<br />Project $2,639,054 ($174,800) $2,464,254
<br />Total Costs $2,639,054 ($174,800) $2,464,254
<br />
<br />Government Services Annex Project ($293,290) - Project # 10008
<br />
<br />Revenues for this project:
<br /> Current
<br />FY 2018-19
<br />FY 2018-19
<br />Amendment
<br />FY 2018-19
<br />Revised
<br />Alternative Financing $350,000 $174,800 $524,800
<br />Insurance Proceeds $0 $118,490 $118,490
<br />Total Project Funding $350,000 $293,290 $643,290
<br />
<br /> Appropriated for this project:
<br /> Current
<br />FY 2018-19
<br />FY 2018-19
<br />Amendment
<br />FY 2018-19
<br />Revised
<br />Government Services Annex
<br />Project $350,000 $293,290 $643,290
<br />Total Costs $350,000 $293,290 $643,290
<br />
<br />
<br />10. While working on the initial site assessment at the Fairview Park, budgeted at $50,000 in
<br />FY 2017-18, to determine the scope of future landfill mitigation on the site, the
<br />Department of Environment, Agricultural, and Parks and Recreation (DEAPR) discovered
<br />that additional assessment work is needed. There were no additional funds budgeted in
<br />FY 2018-19 for continued assessment work, but the N.C. Division of Environmental
<br />Quality has agreed to pay 100% of the costs of the second round of assessment work
<br />totaling $478,529 over an 18 month period. Of this total, $411,529 is anticipated to be
<br />expensed and reimbursed in FY 2018-19, while the remaining funds of $67,000 will be
<br />included as part of the development of FY 2019-24 Capital Investment Plan. This budget
<br />amendment provides for the acceptance of these reimbursable funds from the State, and
<br />amends the Fairview Park Improvements Capital Project Ordinance as follows:
<br />
<br />
<br />
<br />
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