File #: ID 21-121    Version: 1 Name: PW_P&R Reallocation
Type: Reallocation Status: Agenda Ready
File created: 3/15/2021 In control: City Council
On agenda: 3/23/2021 Final action: 3/23/2021
Title: Consider a reallocation of funds within the General Capital Projects Fund in the amount of $997.316.63
Attachments: 1. Memorandum, 2. Budget Reallocation

Subject:

Title

Consider a reallocation of funds within the General Capital Projects Fund in the amount of $997.316.63

Body

Presented By:  City Staff

Recommendation and Review

This reallocation will provide funding to several approved projects with the funding provided from residual funds of projects that have been completed. $600,910.37 in funding will be reallocated to the MLK Jr. Way Bridge Project, $94,070.45 will be reallocated to the Federal Street Project, $87,052.39 will be reallocated to the Cale Trail Project and $215,283.42 in JMU funds will be reallocated to the University Boulevard Realignment Project.