SUBJECT: Approval of a Supplemental Appropriation in Fund 062 -Developer Capital Fee in the Amount of $574,078 from Bellevue Ranch West Insurance Settlement, Including Interest and Transferring to Fund 450 - Streets and Signals Capital Improvement Fund for Completion of Landscaping Improvements Within the Bellevue Ranch Subdivision Area REPORT IN BRIEF Considers approving a Supplemental Appropriation in Fund 062- Developer Capital Fee in the amount of $574,078, previously received as settlement for uncompleted developer improvements in the Bellevue Ranch West Subdivision and subsequent accrued interest, transferring to Fund 450 - Streets and Signals Capital Improvement Fund and appropriating the same to be used for the completion of landscape and irrigation improvements in the Bellevue Ranch Subdivision Area. RECOMMENDATION City Council - Adopt a motion approving a Supplemental Appropriation in the amount of $574,078 from Fund 062 - Developer Capital Fee, transferring to Fund 450 - Streets and Signals Capital Improvement Fund, and appropriating the same to 450-1104-637.65-00 Project 120053.

Consent Item Passed Introduced October 29, 2019

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Requested by: Public Works
Introduced: October 29, 2019
On agenda: December 16, 2019
Passed: December 16, 2019