MO 1997-016 to 1997-020 - Laserfiche WebLink

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RECOMMENDED BUDGET STRATEGIES, 1997-98 Downtown Parking 5200,000 The 1997-98 Budget Strategies recommend an initial step to create additional parking in the downtown. As downtown continues to attract new retailers and other businesses, additional pressure is exerted on the existing, limited parking. A progressive approach is recommended to set aside funds for the acquisition of land and provide additional future parking 4. Park and Sports Complex Development 5200,000 The 1997-98 Budget Strategies recommend further evaluation of program alternatives for City park enhancement and development of a first-class sports complex. Facilities may be jointly owned and operated with either of the school districts and any existing sports leagues. 5. CIP Supplement Program $200,000 The 1997-98 Budget Strategies recommend increasing the General Fund capital improvement program by $200,000. Current funding of $2.000,000 represents the minimum requirement to meet the City's identified long-term structure and facilities needs and protect the sizable investment in public infrastructure. Additional allocations have been considered by the Finance Committee for the past three years. This allocation represents the first increase in capital improvement funding since 1993-94. REVENUE ADJUSTMENT Seismic Retrofit at Fire Station Grant 5200,000 The 1997-98 Budget Strategies recommend the application for State bond funds for the seismic retrofit of fire stations nos. 10 and 11. The Division of the State Architect will consider approval of grant funds from the Earthquake Safety and Public Buildings Rehabilitation Bond Act for up to $200,000 for the two earthquake -vulnerable stations. City capital improvement funds will be required for the remainder of the project funding. 44 2