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R-88-1188 - 11/10/1988WHEREAS, on the day of , 19, in Resolution No. , the City Council of Round Rock, Texas adopted a budget for the Old Settler's Park at Palm Valley; and WHEREAS, the City Council wishes to amend said budget; Now Therefore, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the budget for the Old Settler's Park at Palm Valley is hereby amended according to Exhibit "A" attached hereto and incorporated herein. RESOLVED this / day of November, 1988. ATTEST: NE LAND, City Secretary C34RESOLDSE RESOLUTION NO. /la/e i MIKE ROBINSON, Mayor City of Round Rock, Texas DATE: November 8, 1988 SUBJECT: Council Agenda, November 10, 1988 ITEM: 12A. Consider a resolution amending the budget for Old Settlers Park at Palm Valley. STAFF RESOURCE PERSON: SHARON PRETE STAFF RECOMMENDATION: Staff recommends that the revised budget reflect the following expenditures: Pony /Calf Parking Lot Loop Road (Asphalt) Contingency * * It is staffs intent to pursue another funding source for mowing equipment. The contingency funds will be used as needed for landscaping, lighting, and other areas deemed appropriate to enhance this project. PROJECT FUNDS GRANT (TPWD 50 %) INTEREST INCOME (CITY 50% +) CONDEMNATION REFUND DONATIONS - GIRLS SOFTBALL - LITTLE LEAGUE PROJECT COSTS PHASE I CONSTRUCTION CONDEMNATION - LEGAL - APPRAISAL ACQUISITION (BRIGHT ESTATE) TOTAL $ 16,000.00 64,000.00 53,749.71 $ 133,749.71 $ 750,000.00 1,125,400.00 435,613.00 21,000.00 10,000.00 $2,342,013.00 $2,109,849.00 63,934.76 29,479.53 5,000.00 $2,208,263.29 BALANCE 133,749.71 ECONOMIC IMPACT: The additional funds received (condemnation refund and donations) will allow us to complete Phase I as proposed.