Fiscal Impacts. 5.9.1. The University and Town agree that the University, the State, or Carolina North Project tenants shall bear the cost of Town services required by the Carolina North Project. The Carolina North Project shall be either revenue positive or revenue neutral for the Town.
Fiscal Impacts. Maintenance has budgeted sufficient funds in the FY2018 budget. Account 547-4350 Staff Recommendation: Staff recommends the ACHD Commission approve and the President execute the FY2018 Bulk Fuel Piggyback Purchase Agreement MD-457 with Xxxxx Oil for FY2018. The estimated annual contract amount is not to exceed $775,000.00.
Fiscal Impacts. No portion of the developed Property normally subject to ad valorem property taxation shall be exempt from taxes or shall have improvements on said Property which are tax-exempt or owned by any entity that is, under federal or state taxation law, considered to have tax-exempt status. Section 5.5 (a) shall not apply to any public rights of way, property dedicated to and accepted by the Town of Chapel Hill, or any tax-exempt entity that provides payments in lieu of ad valorem property taxes owed to the Town and County in an amount equal to the amount of taxes that such an entity would otherwise be required to pay to the Town and County if such an entity were not considered to be tax-exempt. Pursuant to [OBEY CREEK: Check reference - Section 5.20(d)(1) (Annual Report on tax status)] of this Agreement, the Developer Owners and Parcel Owners, if any, or the Representative on behalf of the Developer Owners and Parcel Owners, if any, shall inform the Town in the Annual Report as to whether the Developer Owner of each building located within the Property is considered to be tax-exempt. Design Standards and Public Art. Design Standards for transparent window coverage, drive-through windows, signage (including Wayfinding signage), waste collection and loading functions, green building features, and other building and site design details are detailed in the Exhibit B. Public Art in the Property, if provided, shall be installed and maintained by the Developer Owners or Representative. Public Art installations that occur will be in a place visible by and to the public whenever possible. The Developer Owners or Representative will consult with the Town of Chapel Hill Public and Cultural Arts Office to discuss options for public art as the Development moves forward. Additional information included in Exhibit B.
Fiscal Impacts. The proposed Agreement would have no fiscal impacts upon the City. Staff time and resources to notify District staff regarding annexation activity is negligible. Properties that are annexed into the MTD boundaries would have an increase in property tax consistent with the District’s tax rate. Recommendations Staff recommends adoption of the Intergovernmental Agreement as attached. Attachments:
Fiscal Impacts. There are no financial impacts to the City with either the TACO Agreement or the Groundwater Restriction Ordinance.
Fiscal Impacts. The developer would be responsible for all costs associated with building the parking area. The City may in the future reconstruct Maple Street as part of a Capital Improvement Project. RECOMMENDATION
Fiscal Impacts. Lower energy costs for homes and businesses. There is the potential for this program to be a net revenue generator with the program paying for itself in the second or third year.
Fiscal Impacts. The project is designed and the contract will be administered by City of Urbana personnel; therefore, there will be staff impacts for project monitoring and contract execution. The pedestrian steel truss bridge will be designed by ESCA Consultants, Inc., Urbana. ESCA will also provide some assistance with the construction observation of the bridge. The total project cost is estimated at $934,000. As outlined in the joint agreement, the federal funding share for the estimated $700,000 construction cost is not to exceed $558,000. The balance of the construction cost, land acquisition costs and material testing costs will be funded using Motor Fuel Tax (E09) funds. The MFT resolution is for $340,000 which includes cost contingences. City Capital Replacement and Improvement funds (A09) will be used to fund consulting engineering expenses, property title searches, property appraisals and property review appraisals, and those costs are estimated at $36,000. Staff has reviewed the cost breakdowns and finds them satisfactory. Please note that these costs are estimates and may increase or decrease dependant on actual bid prices and construction change orders. Sufficient funds are being appropriated to allow for reasonable contingencies. RECOMMENDATION It is recommended that the City Council approve the following resolutions: 1. A RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH THE ILLINOIS DEPARTMENT OF TRANSPORTATION (High Cross Road Multi-Use Path – Windsor Road to 1901 South High Cross Road). This Resolution authorizes the Mayor and City Clerk to execute and deliver the agreement (attached) on behalf of the City of Urbana.
Fiscal Impacts. There would be no fiscal impact to the city budget. Funds for ULCCDC have been budgeted in Fiscal Year 2004-2005 Recommendations Staff recommends that the Community Development Commission forward a favorable recommendation to City Council for this agreement. Memorandum Prepared By: Xxx Xxxxx, AICP Manager, Grants Management Division Attachments:
Fiscal Impacts a) No portion of the developed Property normally subject to ad valorem property taxation shall be exempt from taxes or shall have improvements on said Property which are tax-exempt or owned by any entity that is, under federal or state taxation law, considered to have tax-exempt status. Section 5.5 (a) shall not apply to any public rights of way, property dedicated to and accepted by the Town of Chapel Hill, or any tax-exempt entity that provides payments in lieu of ad valorem property taxes owed to the Town and County in an amount equal to the amount of taxes that such an entity would otherwise be required to pay to the Town and County if such an entity were not considered to be tax-exempt. Pursuant to [OBEY CREEK: Check reference - Section 5.20(d)(1) (Annual Report on tax status)] of this Agreement, the Developer Owners and Parcel Owners, if any, or the Representative on behalf of the Developer Owners and Parcel Owners, if any, shall inform the Town in the Annual Report as to whether the Developer Owner of each building located within the Property is considered to be tax-exempt.
