HomeMy Public PortalAboutResolution 25-2013-25 1111 RESOLUTION 2013 -25
A Resolution Establishing a Capital Improvement Plan for the County Economic
Development Income Tax
Whereas, the City of Greencastle will have available to it funds collected from the 0
County Economic Development Income Tax; and
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Whereas, I.C. requires the adoption of a Capital Improvement Plan;
NOW THEREFORE BE IT RESOLVED THAT THE CITY OF GREENCASTLE
establish an Economic Development Income Tax Capital Improvement Plan as follows:
A. Project
1. EDIT Bond Repayment-Relocation of City Hall
2. Homeless Solutions
3. Neighborhood Sidewalk Renovation
4. South Street Engineering/Land Acquisition/Construction
5. Maple Berry Park Phase II
6. People Pathway Phase IV Engineering
7. Unsafe Buildings
8. Animal Control
9. Rural Transit
10. Economic/Community Development
B. Description
1. EDIT Bond Repayment-Relocation of City Hall $150,000
2. Homelessness $30,000
3. Neighborhood Sidewalk Renovation $300,000
4. South Street Engineering/Land Acquisition/Construction $400,000
5. Maple Berry Park Phase II $500,000
6. People Pathway Phase IV Engineering $250,000
7. Unsafe Buildings $150,000
8. Animal Control $30,000
9. Rural Transit $30,000
10. Economic/Community Development $690,000
C. Estimated Cost-Total Project Estimate $2,530,000
D. Source of Funds:
County Economic Development Income Tax Funds $1,601,367*
(Estimated at$533,789.04* per year over a three(e)year time period)
EDIT Balance as of November 30, 2013 $1,633,439
E. Project Time Schedule
1. EDIT Bond Payment for City Hall $50,000 per year*
2. Homelessness $10,000 per year*
3. Neighborhood Sidewalk Renovation $100,000 per year*
4. South Street Engineering/Land Acq. /Construction $400,000
($250,000 2014 and$150,000 2015)
5. Maple Berry Park Phase II $500,000 (2014-15)
6. People Pathway Phase IV Engineering $250,000
7. Unsafe Buildings $50,000 per year*
8. Animal Control $10,000 per year*
9. Rural Transit $10,000 per year*
10. Economic/Community Development $230,000 per year*
a. The above projects require more than 75% of the funds to be distributed over a three
(3) year period beginning with the spring tax installation of 2014.
b. This resolution shall be effective from the date of adoption until January 1, 2017.
c. PASSED AND RESOLVED by the Greencastle Common Council this 10th day of
Decembe 2013 at 7;_s" o'clock p.m.
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Adam Chen JS. Bingham
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rk N. Hammer Phyl Rokicki
Terry J S ith
Approved signed by me this 10th of December, 2013 at .T o'clock p.m.
Susan V. Murray, Mayor
ATTEST:
nda R. Dunbar, Clerk Treasurer