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File #: 2022-1230    Version: 1 Name:
Type: Resolution Status: Preliminary Item
File created: 2/4/2022 In control: Board of Commissioners
On agenda: 2/22/2022 Final action:
Title: Commission District(s): All Commission Districts Authorizing the Reallocation of Funds Originally Derived from the Sale of Clark Harrison Building

                                    

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.