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_____— <br />OCT 0 6 2003 <br />REQUEST FOR COUNCIL ACTION ^ ohonu <br />DATE: 2.003 <br />ITEM NO. <br />Department Approval: <br />Nane Gregory A. Gappa <br />Title Director of Public Services <br />Administrator Reviesred: Agenda Section: <br />Public Services Director's Report <br />Item Description: Spring Hill Road Pavement Project <br />A pavement overlay project was recently completed on Spring Hill Road. In pr t years, pavement <br />overlays have been fUnded from both the General Fund- Contracted Street Maintenance Line Item <br />and from the PIR Fund. For the 2003 budget, we are recommending that pavement overlays be <br />funded entirely from the PIR Fund in order to reduce the General Fund expenditures to account for <br />the reduced revenue received from the state. <br />The 2003 budget included $35,450 in the PIR Fund for street projects. The cost for the Spring Hill <br />Road Project was $ 123,100, and the PIR Fund has an adequate fund balance to finance this project. <br />This fund balance includes $35,450 from 2003 budget plus unspent funds from previous years. <br />We are recommending paying for the Spring Hill Road Project from the PIR Fund which will require <br />a budget adjustment. <br />COUNCIL ACTION REQUESTED: <br />Motion to approve a budget adjustment for the 2003 PIR Fund in the amount of $ 123,100 for the <br />Spring Hill Road Project. <br />ti <br />J <br />: <br />i