Title
Ordinance amending the FY12-13 budget for the Northwest Connector
Body
SUMMARY:
Amanda Govan with the Tennessee Attorney General's Office has reached a settlement on one of the remaining parcels on the Northwest Connector and obtained the Order of Possession to allow the project to proceed to bid. The settlement was for $10,000 over the appraisal amount, which avoids additional court costs that would be required if the case proceeded to a jury trial and is the maximum allowable under the Federal Highway Safety Act. The appraised amount was deposited in the court last fiscal year. Because of the unknown costs, no money was budgeted in the current fiscal year. A budget amendment is requested for the $10,000. We expect to present an amendment to the ordinance prior to final reading when the invoice is received from the Tennessee Attorney General's Office to cover their fees. This is recommended by the City Attorney and City Manager.
BUDGET ACCOUNT: Budget Amendment required
Recommended Action
NECESSARY COUNCIL ACTION: Approve budget amendment on third and final reading.