2005 SPLOST Funds Reallocation Approval of the reallocation of 2005 SPLOST funds to account for reduced revenue. Projected reductions for the reduced revenue would come from the bridge rehabilitation, sidewalk, multi-use trail, and general streets and drainage, which would postpone projects currently designed. Balancing out the remaining projects, a reduction of $420,545 on the Roswell Street Barnes to Victory project would allow the project to retain $229,538 as potential matching funds for federal funding. The remaining 2005 SPLOST project funding would be balanced within the accounts to construct all remaining projects at the current scope. Council member Goldstein has previously disclosed that he, family members and/or an entity that he owns, owns property in the downtown area and on Waverly Way. This project may go through some of that property; therefore, Council member Goldstein abstains on and will not participate on this item.

Committee

CITY COUNCIL

Introduced

March 15, 2012

Passed

April 11, 2012