Submitted by: Ron Brooks
Submitting Department: Finance
Agenda Section: Action
Item Title:
title
FY25 Capital Improvement Budget Transfer of Grant Funds and Amend Budget Appropriations
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Suggested Action:
recommendation
I move that the Mayor and Council authorize the Treasurer to transfer grant funds not to exceed $681,655 from the general account fund to the FY25 Capital Improvements Revenue account fund and amend the FY25 CIP budget by adjusting appropriations not to exceed $681,655 to cover cost of sitework at The Spot. The grant funds were previously received from PG County Revenue Authority and awarded by the Maryland Department of Housing and Community Development (DHCD) for project commonly known as "The Spot".
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Summary Background:
In 2021, the Revenue Authority approved the repurpose of $681,655.00 in previously approved State of Maryland DHCD Smart Growth Impact grant funds. Originally designated for developing a structured parking facility, these funds will now be used for creating a public use trailhead and community hub at 4503-4508 Hamilton Street, commonly known as "The Spot." In March 2023, the City proposed The Trolley Trailhead Placemaking project for the City owned parcels on Hamilton Street, where it connects to the Rhode Island Avenue Trolley Trail.
Neighborhood Design Center began public outreach for the project on Trolley Trail Day in June of 2023 and completed a concept that was presented to Council in Fall 2023. The Council approved a contract for the engineering, design, and permitting based on this concept. The placemaking project is funded through a combination of DHCD grant funds, ARPA funds, and City CIP funds. The Council authorized $250,000 in ARPA funding to support the project. All authorized ARPA funds for this project have been encumbered.
Next Steps:
Issue purchase orders and schedule work.
Fiscal Impact:
Adjusting $681,655 in Capital Improvement appropriations
City Administrator Comments:
Recommends app...
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