HomeMy WebLinkAbout2006-030 Capitol Theatre Roof Replacement; Budget Amendment and Appropriations ORDINANCE NO 2006 -- 30'
AN ORDINANCE amending the 2006 budget for the City of Yakima, and making an
appropriation of $250,000 within the 322 — Capitol Theatre Construction
Fund funded by a transfer in the same amount from the 198 — Capitol
Theatre Reserve Fund for expenditure during 2006 to provide for roof
replacement.
WHEREAS, the 198 - Capitol Theatre Reserve Fund contain Unappropriated Fund
Balance available for appropriation and transfer to the 322 - Capitol Theatre Construction Fund
during 2006 in the amount of $250,000 to provide for roof replacement; and
WHEREAS, at the time of the adoption of the 2006 budget it could not reasonably have
been foreseen that the appropriation provided for by this ordinance would be required; and the
City Council declares that an emergency exists of the type contemplated by RCW 35 33 091
and that it is in the best interests of the City to make appropriation herein provided; now,
therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF YAKIMA.
Section 1. The amount of $250,000 is hereby appropriated to be transferred from the
Unappropriated Fund Balance in the 198—Capitol Theatre Reserve Fund, and appropriated to
provide for roof replacement in the 322 — Capitol Theatre Construction Fund to the following
accounts
Capitol Theatre Reserve Fund:
Operating Transfer Out ---- -- - ---- -- 198 - 198 - 648 - 0000 - 59700 - 550 — $250,000
Capitol Theatre Construction Fund
Resources: Operating Transfer in 322 - 322 - 645 - 0000 - 39700 -OPT - -- $250,000
Expenditures: Building Improvements- 322 - 322 - 638 - 0000 - 59475 -620 - -- $250,000
Section 2: This ordinance is one making an appropriation and shall take effect immediately
upon its passage, approval and publication as provided by law and by the City Charter
PASSED BY THE CITY COUNCIL, at a regular meeting - signed .• roved this
llth day of July _, 2006
David dler, Mayor
ATTEST
&tR 2
City Clerk
First Reading: 6 - 27 - 2006
Publication Date 7 - 14 - 2006
Effective Date 7 - 14 - 2006
Cje Capitol Theatre Roof ordinance 06 6/21/2006
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No I E
For Meeting Of 6/27/06
ITEM TITLE An Ordinance Amending the 2006 Budget in the Capitol Theatre Construction
Fun. . Provide for Roof Replacement
SUBMITTED BY 111iam R. Cook, Director Community & Economic Development
Cindy Epperson, Financial Services Manager
CONTACT PERSON/TELEPHONE Michael Morales, Deputy CED Director 575 -3533
SUMMARY EXPLANATION
In 2004, the city received a federal grant to make improvements to the Capitol Theatre
In 2005, the city contracted with Traho Architects to develop specifications and
manage the project The original scope of work included "roof repairs ", and the initial
cost estimate of that item was $80,000 The condition of the theatre's roof is much
worse than originally thought, and the architect and roof consultant have
recommended a complete replacement The estimated cost of this roof replacement
is over $200,000
Prices for other items included in the federal grant scope of work have also come in
higher than initial estimates, so the entire federal grant will be spent on production and
safety infrastructure items inside of the theatre For this reason, a $250,000 appropriation
from the Capitol Theatre Reserve to the Construction Fund is needed to replace the
roof and provide sufficient contingency funds. Affer this transfer, the Capitol Theatre
Reserve Fund will have a fund balance of about $675,000 Since interest on this
balance is used for ongoing capital /major maintenance for the Theatre, future interest
earnings available for transfer will likely be reduced
Resolution Ordinance X Contract Other (Specify)
Funding Source Transfer from Capitol Theatre Reserve Fund — Capitol Theatre Const. Fund
APPROVED FOR SUBMITTAL. 0
City Manager
STAFF RECOMMENDATION
Read attached ordinance by title only at the June 27, 2006 Council Meeting Pass
ordinance at the July 11, 2006 Council Meeting
BOARD /COMMISSION RECOMMENDATION
COUNCIL ACTION Ordinance passed. ORDINANCE NO. 2006 -30