US HIGHWAY 441/27

COMMUNITY REDEVELOPMENT AGENCY

3A.

AGENDA MEMORANDUM

Meeting Date: September 14, 2009

From:                          Jerry Boop, Finance Director, CPA, CGFO   

Subject:                      Resolutions Amending the Budget for Fiscal Year 2008-09 and Adopting the Budget for Fiscal Year 2009-10 for the US Highway 441/27 Community Redevelopment Agency

Staff Recommendation:

Staff recommends approval of the amended budget for fiscal year 2008-09 and the budget for the fiscal year 2009-10 for the US Highway 441/27 Community Redevelopment Agency.

Analysis:

As seen in Attachment A, Fiscal Analysis for the three year period ending on July 31, 2009 there will be approximately $2,600,000 available that can be carried forward and spent in fiscal year 2009-10.  As shown in Attachment B, the total Funding appropriation proposed for the US Highway 441/27 CRA for fiscal year 2009-10 is $966,367.  The projects planned for the fiscal year are as follows:

• Infrastructure Improvements within the US Highway 441/27 corridor including but not limited to relocation of utility infrastructure related to Perkins to Griffin FDOT project.
• Mast arm improvements at various intersections within the CRA corridor
• Debt Service

Options:

1.  Approve the amended budget for fiscal year 2008-09 and the budget for fiscal year 2009- 10 for the US Highway 441/27 Community Redevelopment Agency; or

2.  Such alternative action as the Commission may deem appropriate

Fiscal Impact: 

A budget is necessary to appropriate funds.

Submission Date and Time:    9/11/2009 12:07 PM____

Department: ______________________ Prepared by:  ______________________                      Attachments:         Yes____   No ______ Advertised:   ____Not Required ______ Dates:   __________________________                      Attorney Review :       Yes___  No ____ ________________________________            Revised 6/10/04

Reviewed by: Dept. Head ________ Finance  Dept. ______JB__________                                    Deputy C.M. ___________________                                          Submitted by: City Manager ___________________

Account No. _________________ Project No. ___________________ WF No. ______________________ Budget  ______________________ Available _____________________