City of Alexandria, Virginia
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MEMORANDUM
DATE: APRIL 9, 2018
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Public Hearing, Second Reading and Final Passage of an Ordinance to Make a Supplemental Appropriation for the Potomac Yard Metrorail Station Project to the Capital Improvement Program for Fiscal Year 2018. [ROLL-CALL VOTE]
BODY
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ISSUE: Increasing the Capital Improvement Program Appropriation for the Potomac Yard Metrorail Station Project.
RECOMMENDATION: That City Council hold a public hearing, second reading and final passage for this proposed ordinance increasing the Capital Improvement Program Appropriation by $50 million to $320 million for the Potomac Yard Metrorail Station Project (Attachment 2) on April 14, 2018.
DISCUSSION: This Ordinance reflects the needed additional appropriation of Capital Improvement Program Funds for the Potomac Yard Metrorail Station Project, which was appropriated as part of the Fiscal Year (FY) 2017 Appropriation Ordinance. The need and financial plan for funding the additional $50 million is detailed in the April 10th docket item related to amending the Potomac Yard Metrorail Station funding agreement between the City and the Washington Metropolitan Transit Authority.
Staff recommends that the FY 2018 Appropriation be amended to accomplish the following purpose:
Section 1. The appropriation of project budget authority in the FY 2018 Capital Improvement Program. This appropriation of $50 million will increase the budget authority for the Potomac Yard Metrorail Station. The FY 2017 Appropriation Ordinance, approved by City Council in June 2016, included $270 million for the Potomac Yard Metrorail Station Project. This action will increase the authorized appropriation for the Proposed Potomac Yard Metrorail Station budget to $320 million.
FISCAL IMPACT:...
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