City Council Meeting Date: May 1, 2018
To: Mayor and City Council
From: Ben Martig, City Administrator
Title
Consideration of Budget Amendment Authorizing Gateway Improvements Related to the Fire Station project
Body
Action Requested:
Northfield City Council considers the attached Resolution Authorizing Budget Amendment Related to Ames Park Gateway Enhancements in conjunction with the Fire Station Remodel and Expansion Project.
* note this budget amendment requires five votes to pass
Summary Report:
Staff had presented Council information related to potential Ames Park Gateway enhancements in conjunction with the Fire Station Remodel and Expansion project. The last presentation was made on November 17, 2017.
Attached is a summary presentation of the options for consideration. If approved, staff would proceed with additional planning and cost estimating with the project. There are additional steps that will be necessary including exploring MnDOT right-of-way approvals and other.
Alternative Options:
a) Consider authorizing amendments for any individual item to be removed: landscaping 5th street (-$29,604); monument digital sign & landscaping (-$111,570); or public art (-$33,930).
b) Not approve any contribution toward Ames Park Enhancements.
c) If Council would like to add additional improvements, we would recommend exploring consistency with the Comprehensive Plan, Park Plan and other documents prior to Council action.
Financial Impacts:
Recommended Funding of $175,000 after rounding from estimated project costs.
The current estimate of the unreserved balance in the Capital Reserve Fund #475 is $625,000 all of which is considered assigned for capital projects. The balance after obligations or pending projects is $361,000. The use of funds for this project would reduce the unreserved balance to $175,000.
Tentative Timelines:
After approved, staff would continue to explore the project development.