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<br />Preview <br /> <br />Page 2 of 4 <br /> <br />Community Park's Temporary Staff budget and the Other Post-Employment Benefit account. <br /> <br />Qmital Improvement Projects (CIP) Fund (20) <br /> <br />The CIP Fund amendments are for the completion of several projects and transfers to the <br />Storrnwater Fund and the Land Bank Fund: <br /> <br />G. Collins Avenue Streetscape ($223,000) - This increase is due to the additional scope in work. <br /> <br />H. Atlantic A venue ($300,000) - This increase is due to the additional scope in work. <br /> <br />I. Land-Sunny Isles Blvd ($400,000) - This is to account for third party legal expenses incurred <br />during the eminent domain case. <br /> <br />1. Demolition ($54,200) - This is to account for the costs to demolish 215 Sunny Isles Blvd <br />building. <br /> <br />K. Collins Streetscape: 168th-171 st ($209,000) -- To account for the streetscape improvements. <br /> <br />L. Collins Streetscape: 172nd_174th ($50,000) -- To budget for the streetscape improvements. <br /> <br />M. Collins Streetscape: South of SIB 172nd_174th ($80,000) -- To budget for the streetscape <br />improvements. <br /> <br />N. 287 SIB Entrance ($19,020) -- To budget for the construction of the entrance to 287 Sunny <br />Isles Blvd property. <br /> <br />O. Transfer Out-Storrnwater Fund ($1,275,000) -- This transfer is to write off $1,275,000 of the <br />$2.5M Storrnwater Loan. The $1.275M is accounted for by budgeting eligible elements of the <br />FY 2010/2011 capital projects against the Stormwater Capital Projects Fund, which was funded <br />by the $3.5M bond proceeds. <br /> <br />P. Transfer Out- Land Bank Fund ($3,777,801) -- This transfer is to fund the Land Bank's deficit <br />and to close out the Land Bank Fund. <br /> <br />The $6,388,021 in budget amendments will be balanced with the defunding of current budgeted <br />projects. Those defunded projects that require funding in the out years have been budgeted <br />accordingly in the respective years. <br /> <br />Land Bank Fund (2Q) <br /> <br />The Land Bank Fund amendments consist of a total upward adjustment of $4,687,857. These <br />amendments will close the fund in FY 09/1 O. All future related transactions will occur in the <br />Capital Projects Fund. <br /> <br />Q. Transfer In-Capital Improvement Projects Fund ($3,777,806) - This transfer is from the <br />Capital Improvement Projects Fund to cover the deficit incurred in land purchases. <br /> <br />R. Miscellaneous Revenue ($130,051) - To budget for the return of the deposit on the 488 Sunny <br /> <br />http://sibagenda. sibfl.netJagendalPreview .aspx?I temID=3 60&MeetingID=0&MeetingDate... 10/8/2010 <br />