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Committee approves release of reserved funds for Chinatown alleyway construction

Budget and Finance Committee · September 24, 2008
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Summary

The committee voted to release $598,828 in reserve funds to the Department of Public Works to construct phase 5 of the Chinatown alleyways (Beckett and Wentworth alleys), using prior CIP balances to cover a remaining $200,000 shortfall; no public comment was recorded.

The Budget and Finance Committee approved the release of nearly $600,000 in reserved funds to the Department of Public Works for construction of phase 5 of the Chinatown Alleyway Improvement Program, covering Beckett and Wentworth alleys.

Douglas Legge of DPW said the funds were originally placed on reserve by the Board years earlier; design funds had been released in 2006 and the current request is for construction. DPW reported bids have been received and the city is ready to award a contract once the funds are released. Legge said the remaining roughly $200,000 shortfall will be covered from prior CIP appropriations (identified as O607 and O708) and unspent amounts left in emergency/unfunded capital project allocations.

Mr. Rose, the committee analyst, said the conditions that led the Board to place the funds on reserve — contractor identification and budget details — have been satisfied and recommended approval as a policy matter. There were no public speakers; the committee adopted the recommendation without objection.