Board of Directors Regular Meeting Agenda


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Meeting Date: 03/26/2014  

SUBJECT MATTER:
Receive, consider and act upon an adjustment to the 2014 Budget to appropriate $115,800 to fund the construction of additional parking spaces at Bear Branch Sports Field;
FISCAL IMPACT:
Allocate $115,800 from the Capital Replacement Fund to pay for the construction of additional parking spaces at Bear Branch Sports Field.
BACKGROUND:
As discussed with the Board of Directors at its March 20, 2014 meeting, Faith Bible Church is planning to pave the majority of the gravel parking lot in front of Field 7 at Bear Branch Sportsfields.  Additionally, the Church is creating a new paved parking lot to the north of the field.  However, one section of the gravel lot, which would provide 59 additional parking spaces, is not planned to be paved at this time.  

The church's General Contractor, Tellepsen Builders, provided a price of $115,800 to complete the section of the gravel parking lot that would provide the 59 additional parking spaces.  The Board indicated at the March 20th meeting that it would like for staff to proceed with contracting with Tellepsen to complete the construction of this section.  

Since funding for the project was not anticipated in the 2014 budget, a budget adjustment is necessary.  The proposed budget adjustment is to allocate $115,800 from the Township's Capital Replacement Fund to the Capital Project Fund to pay for the parking lot project related to the additional 59 parking spaces.
RECOMMENDATION:
Allocate $115,800 from the Township's Capital Replacement Fund to the Capital Projects Fund to pay for an additional 59 paved parking spaces in the lot in front of Field 7 at Bear Branch Sportsfields.

    

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