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HomeMy Public PortalAbout2014_09_09_R097 Suppl Approp for Transfer of Tree Bank Funds The Town of Leesburg, Virginia PRESENTED: September 9, 2014 RESOLUTION NO: 2014-097 ADOPTED: September 9, 2014 A RESOLUTION: APPROVING A SUPPLEMENTAL APPROPRIATION OF $30,000 RESULTING IN A TRANSFER OF FUNDS FROM THE TREE BANK TO THE FY-2015 CAPITAL PROJECTS BUDGET WHEREAS, the Town has established a"Tree Bank" for proffered monies received from developers in lieu of planting ordinance-required trees on their sites; and WHEREAS,the Town has reserved these monies for use in purchasing trees to be planted in locations to be determined by the Town's Urban Forester, and WHEREAS: The Town Council has a stated goal of utilizing such funds to plant trees to enhance the Town's tree canopy coverage; and WHEREAS; the Urban Forester has determined that the Potomac Crossing Park and Mervin Jackson Park projects are suitable sites for canopy enhancement plantings; and WHEREAS, funds are currently available in the established Tree Bank fund for distribution to specific projects as directed by Council. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that the FY-2015 Capital Projects budget is hereby amended, and a transfer from the Tree Bank Fund is made in the amount of$30,000 for use in the development of Potomac Crossing Park and Mervin Jackson Park. PASSED this 9th day of September, 2014. .1M! ■'s'-n C. Umstatts,Mayor Town of Leesburg AMT 77), Clerk of Couiici P:\Resolutions\2014\0909 Suppl Approp for Tree Bank Funds.doc