Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing (X) Amending
Purpose: Amend prior years Capital Budget
Amount to be financed: $0.00
Source of Appropriation: Not Applicable
Project Information:
(Description/ Project No./ Amount Appropriated/Ordinance No.)
Cancellation of balances for the Capital Improvement Authorizations
as of August 31, 2015.
Additional Information:
Invitation: Finance Director, December 1, 2015
body
WHEREAS, N.J. S. A. 40A:4-60, as amended, provides for cancellations of part, of all of the unencumbered balances in the Budget Appropriations for Prior Years Capital Improvement Authorizations including Public and Private Programs; and
WHEREAS, all of the unencumbered balances in the Budget Appropriations for Prior Years Capital Improvements Authorizations were previously canceled in 2013; and
WHEREAS, previously canceled authorizations were used to offset shortfalls in the 2013 Budget; and
WHEREAS, there are no specific claims, commitments, or contracts incurred against the following balances:
Prior Years Capital Improvement Authorizations
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
That the aforesaid unexpended balances of prior capital authorizations totaling $5,585,495.84 be and are hereby cancelled in the Capital Improvement Budget.
2015 Capital Improvement Authorizations
PROJECT #
PROJECT NAME
Amount to Cancel
93A50
Restoration of City Hall
407,031.31
93A80
Removal and Replacement
21,287.70
93C20
Purchase of Computers - Phase II
353.25
94B70
Construction of Hayes Pool
61,867.24
94C00
Renovation of City Hall (Including Capping Wells)
100,000.00
95A60
City Hall Restoration
44,425.25
95B30
Design and Construction of Firehouses
6,147.45
95B50
City Hall Complex Restoration & Renova...
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