TO: Mayor and Members of City Council
THRU: Douglas J. Hewett, ICMA-CM, City Manager
FROM: Jodi W. Phelps, Director, Chief of Staff
Kelly Olivera, Interim Assistant City Manager
DATE: September 26, 2022
RE:
Title
Adoption of Budget Ordinance Amendment 2023-5 to Appropriate $50,000 of General Fund Fund Balance for the Fayetteville Forward General Obligation Bond Information and Education Campaign
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal #4: Desirable place to live and recreate
Goal #6: Collaborative citizen and business engagement
Executive Summary:
City Council is asked to adopt Budget Ordinance Amendment (BOA) 2023-5 to provide funding for the Fayetteville Forward Bond package education and information campaign. The BOA will appropriate $50,000 of General Fund fund balance to augment the existing education and PSA campaign.
Background:
On April 28, 2022, City Council held a special meeting to discuss unfunded needs in the City. The City Council directed staff to initiate the process to set bond referendums for November 8, 2022, for not to exceed $60,000,000 in general obligation bonds for public safety improvement capital projects, not to exceed $25,000,000 in general obligation bonds for streets, sidewalk, and connectivity capital projects, and not to exceed $12,000,000 in general obligation bonds for housing projects and funding the Housing Trust Fund.
On May 9, 2022, the City Council adopted a preliminary findings resolution authorizing staff to submit an application to the Local Government Commission for the proposed authorization of Public Safety Improvement Bonds, Streets, Sidewalk, and Connectivity Bonds, and Housing Bonds. On June 27, 2022, the bond orders for the $60,000,000 Public Safety Improvement Bonds, $25,000,000 Streets, Sidewalk, and Connectivity Bonds, and $12,000,000 Housing Bonds were introduced and unanimously adopted on first reading at the regular Council m...
Click here for full text