SUBJECT:
Title
A Resolution of the Board of Commissioners of the Town of Erie Urban Renewal Authority Approving the Payment of Funds to the Town of Erie for the Colliers Hill Detention Pond Improvements
Department
DEPARTMENT: Finance
Public Works
Presenter
PRESENTER(S): Lockie Woods, URA and Development Accounting Analyst
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Time
TIME ESTIMATE: 0 minutes
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For time estimate: please put 0 for Consent items.
Fiscal
FISCAL SUMMARY:
Cost as Recommended: $403,074.75
Balance Available: $1,250,000
Fund Urban Renewal Authority
Line Item Number: 800-90-872-605000-110402
New Appropriation Required: No
Policy
POLICY ISSUES:
The policy issue is granting approval for the Town of Erie Urban Renewal Authority to authorize payment of already budgeted funds to the Town of Erie for the construction of Colliers Hill Detention Pond Improvements.
Recommendation
STAFF RECOMMENDATION:
Staff recommend approval of the resolution.
Body
SUMMARY/KEY POINTS
• The Town of Erie Urban Renewal Authority’s Purchasing Policy requires the TOEURA Board to approve expenditures over $100,000.
• The construction of the detention pond improvements is an appropriate use of URA funds.
• The Town of Erie, not the URA, will facilitate the construction of this project.
BACKGROUND OF SUBJECT MATTER:
This project will improve the detention pond outlet structure to lower release rates at or below historic levels and provide an outlet structure that will be easy to access and maintain. This will improve drainage downstream from this detention pond.
priorities
attachments
ATTACHMENT(S):
1. Resolution