Public Hearing: YES ☐ NO ☒ Department: Chief Executive Office
SUBJECT:
Title
Commission District(s): All Commission Districts
Authorizing the Reallocation of Funds Originally Derived from the Sale of Clark Harrison Building
Body
Information Contact: Zachary Williams, Chief Operating Officer/Executive Assistant
Phone Number: 404-371-2174
PURPOSE:
To authorize the reallocation of an additional $688,000.00 of funds deposit in account 105384.80351.541301.01.602302 to complete the purchase of the furnishings, EV Charging Stations, construct entire grounds landscaping, construction and renovation costs, and relocation/moving costs for 178 Sams Street Buildings 1 and 2.
NEED/IMPACT:
In December 2018, the proceeds (approximately $11,935,925.77) from the Clark Harrison Building sale were reallocated to reimburse the County for the purchase of certain vehicles and were restricted to a capital account for approved capital projects by the Board of Commissioners. This action relocates $688,000.00 of the moneys in such capital account to the 178 Sams Street renovation (Buildings 1 and 2).
FISCAL IMPACT:
NONE.
RECOMMENDATION:
Recommended Action
Approve the reallocation of $688,000.00 of the funds in the restricted capital account (which funds were originally received from the sale of the Clark Harrison Building) to 178 Sams Street renovation of Buildings 1 and 2 for occupancy by several County Departments. Authorize the Chief Executive Officer or designee to execute any necessary documents.