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Legislation #: 160319 Introduction Date: 4/21/2016
Type: Ordinance Effective Date: 5/6/2016
Sponsor: None
Title: Estimating revenue in the amount of $912,000.00 in the Capital Improvements Fund; appropriating that amount to the Bennington Ave. Improvements account; authorizing the Director of Public Works to enter into a Redevelopment Agreement with the Tax Increment Financing Commission for roadway improvements along Bennington Avenue from Beacon to 67th Street; and recognizing this ordinance as having an accelerated effective date.

Legislation History
DateMinutesDescription
4/21/2016 Filed by the Clerk's office
4/21/2016 Referred to Transportation & Infrastructure Committee
5/5/2016 Advance and Do Pass, Debate
5/5/2016 Passed

View Attachments
FileTypeSizeDescription
160319.pdf Authenticated 66K 160319
5.5.16 PW Presentation.pdf Other 258K 160319 PW Presentation
Copy of 89008280 TIF Revenues Fact Sheet 041516.xls Fact Sheet 163K Fact Sheet
Copy of 89008280 Rev Approp Sheets TIF Agmt.xls Other 70K Admin Approp
89008280 Fiscal Note TIF Agmt Bennington.pdf Fiscal Note 42K Fiscal Note
89008280 Winchester TIF - Redevelopment Agreement-v1 kc 1.22.pdf Agreement 111K Redevelopment Agreement

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ORDINANCE NO. 160319

 

Estimating revenue in the amount of $912,000.00 in the Capital Improvements Fund; appropriating that amount to the Bennington Ave. Improvements account; authorizing the Director of Public Works to enter into a Redevelopment Agreement with the Tax Increment Financing Commission for roadway improvements along Bennington Avenue from Beacon to 67th Street; and recognizing this ordinance as having an accelerated effective date.

 

Section 1. That revenue is hereby estimated in the following amount in the following account of the Capital Improvements Fund:

 

17-3090-890001-481000-89008280 Bennington Ave. Improvements $912,000.00

 

Section 2. That the appropriation in the following account of the Capital Improvements Fund is hereby increased by the following amount:

 

17-3090-898045-B-89008280 Bennington Ave Improvements $912,000.00

 

Section 3. That the Director of Public Works is hereby authorized to execute a Redevelopment Agreement with the Tax Increment Financing Commission in the amount of $912,000.00 for funding of certain roadway improvements along Bennington Avenue from Beacon to 67th Street. A copy of the agreement is on file in the office of the Director of Public Works.

 

Section 4. That this ordinance, relating to the design, repair, maintenance or construction of a public improvement, is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(D) of the City Charter and shall take effect in accordance with Section 503, City Charter.

 

________________________________________________

 

I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

 

__________________________________

Randall J. Landes

Director of Finance

 

  Approved as to form and legality:

 

__________________________________

Katherine Chandler

Assistant City Attorney