Legislation # 07-0466 Enactment Number none
Type Resolution - Budget Item Effective Date none
Introduction Date 9/12/2007
Title Resolution authorizing a Capital Budget Transfer in the Amount of $1,600,000 from the FY 2005 Buckroe School Design & Acquisition Project to FY 2008 Northampton School Design Project.
 
Legislation History 07-0466
DateNotice Of ActionDescription
9/12/2007 Approved items 1 through 9 on the consent agenda.
8/28/2007 Received By Clerk's Office
 
View Attachments 07-0466
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Legislation Text 07-0466

 

City of Hampton, Virginia

Resolution - Budget Item

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 07-0466

 

Enactment Number: -

 

Resolution authorizing a Capital Budget Transfer in the Amount of $1,600,000 from the FY 2005 Buckroe School Design & Acquisition Project to FY 2008 Northampton School Design Project.

 

WHEREAS, the City Council of the City of Hampton approved the allocation of a total of $6,600,000 from FY 2005 bond proceeds for the Buckroe School Design and Acquisition with $1.6 million allocated for design and $5.0 million allocated for acquisition/demolition; and

WHEREAS, since that time, the City Council and School Investment Panel agreed to move the Buckroe School project back and the Northampton project up in sequence due to overcrowding issues in the Northampton area of the City; and

WHEREAS, the $1.6 million of the FY 2005 bond proceeds that was borrowed for Buckroe School design will need to be transferred to the Northampton School design.

NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HAMPTON, VIRGINIA that the Council approves a capital budget transfer of $1,600,000 in FY 2005 bond funds from the Buckroe School Design & Acquisition Project to the Northampton School Design Project.

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia held on September 12, 2007.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council