File #: ID 2019-067    Version: 1 Name:
Type: Presentation(s) Status: Agenda Ready
File created: 2/14/2019 In control: City Commission Workshop
On agenda: 2/21/2019 Final action:
Title: DISCUSSION ON PROPOSED PARKS AND RECREATION BOND PROJECTS.
Attachments: 1. Budget FY19 Bond CIP, 2. 18-056 Bond Issuance Resolution, 3. Bond Reso Exhibit A, 4. Workshop Bond Projects Chart
Date Ver.Action ByActionResultAction DetailsMeeting DetailsAudio/Video
No records to display.

TO:                   Mayor and City Commission

 

FROM:            Samuel A. May, City Manager

 

DATE:             February 21, 2019                                        

 

 

Title

DISCUSSION ON PROPOSED PARKS AND RECREATION BOND PROJECTS.

Body

 

 

BACKGROUND:                     On May 16, 2018, Resolution 18-056 for the issuance of General Obligation (GO) Bonds was approved.  On November 6, 2018 the electors of the City of Margate approved the issuance of the GO bonds, not to exceed $10,000,000, to finance the costs of acquiring, constructing, equipping, renovating, replacing and improving parks and recreation projects within the City. 

                     

RECOMMENDATION:                     To determine the projects that will be completed using bond proceeds, including each project’s scope, proposed budget, and priority.  Only projects that were originally listed on Exhibit A of Resolution 18-056 may be considered.

 

FISCAL IMPACT:                                           Proposed bond projects include:

 

                                                                                                                              FY 2019                                                               Workshop

                     Project                                                                                            Budgeted Cost                                                                Proposed

                     Oriole Park                                                                                     $1,500,000                                                               $   948,750

                     Southeast Park                                                                                       2,250,000                                                                 1,900,000

                     Centennial Park                                                                   1,500,000                                                                 1,293,750

                     Blueway Trail *                                                                                          250,000                                                                         - 

                     Fitness Mile **                                                                                          500,000                                                                         -

                     Andrews Field                                                                                          500,000                                                                   575,000

                     LED Sports Lighting                                                                                    -                                                                1,500,000

Vinson Park                                                                                        3,500,000                                                                3,232,500

Contingency                                                                                                         -                                                                       350,000                                          

                                                                Total                                                               $10,000,000                                                     $ 9,800,000

 

*Blueway Trail Improvements has since been awarded grant funds and should therefore be removed from consideration.

**A grant was submitted for Fitness Mile Improvements and should therefore be removed from consideration.

 

CONTACT PERSON: Samuel A. May, City Manager