ORD. 1987-031-035 · Ordinance

To amend and reordain Ordinance No. 86-115-146 which accepted a program of proposed Capital Improvement Projects for the fiscal year beginning July, 1986, and for the four fiscal years thereafter and adopting the Capital Budget for the fiscal year beginning July 1, 1986, and determining the means of financing the same, as amended by Ordinance No. 80-228-199, adopted September 8, 1986, deleting from sheet22-JA (Project 22-200 Metropolitan Visitor Information Center) a requirement for a finding of substantive blight in the area in which the project is to be undertaken and a requirement that such project be approved as a redevelopment plan: to add a new project designated Project 22-803,Exhibit Hall {Richmond Centre for Conventions and Exhibitions), at an estimated cost of $1,900,000 to be financed from the Reserve Fund for Permanent Public Improvements ($198,317) and general obligation bonds authorized to be sold, but unsold (of which $1,407,178 are authorized for the 1985-1986 capital improvement program) in the amount of$1,701,683; to increase the estimated cost of all projects in said capital improvement projects by $1,605,495 from$41,445,000 to $43,050,495: and to increase the amount to be financed from the Reserve Fund for Permanent Public Improvement by $198,317 from $0 to $198,317: to authorize the transfer of $144,505 from Project 12-300, Fire Station #10, to Project 22-803, Exhibit Hall: and to authorize the transfer of $150,000 from Project 12-902, Fire Training Academy, to Project 22-803, Exhibit Hall.