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HomeMy WebLinkAbout050-R-22 Authorizing the Transfer of Funds Between the General Fund, Solid Waste Fund, and Capital Improvement Fund7/25/2022 50-R-22 A RESOLUTION Authorizing the Transfer of Funds Between the General Fund, Solid Waste Fund, and Capital Improvement Fund WHEREAS, the settlement of litigation with Advanced Disposal over the Transfer Station Fee in 2016 resulted in the City receiving $1,263,247.90. These funds were deposited into the General Fund; and WHEREAS, Ordinance 8-0-16 was adopted in March 2016, and among other terms, established a Host Fee based on a per ton fee on each ton of waste transferred through the Waste Transfer Station. Collection of the Host Fee began in 2018 and these fees were deposited into the Solid Waste Fund. Through June 2022, a total of $456,470.00 in Host Fees has been collected; and WHEREAS, On May 14, 2018 the City Council agreed that the settlement amount and all host fees should only be spent on projects in the Waste Transfer Station Area (Emerson Street to the north, Wesley Avenue to the east, Grove Street to the south and Dodge Avenue to the west); and WHEREAS, The City has spent a total of $1,045,688.00 on projects within the Waste Transfer Station Area as follows: Environmental Study $229,000.00 2019 Alleys $514,323.00 2020 Alleys $158,232.00 Sidewalk Improvements $ 71,190.00 Tree Purchase and Planting $ 5,583.00 -1- Page 1 of 3 Doc ID: e10d52030108f5bd24922cacc6d6580ldc74e22b 50-R-22 ComEd Easement $ 67,360.00 WHEREAS, the City has approved a contract for the improvement of the alley east of Darrow Avenue between Emerson Street. and Lyons Street in the amount of $336,925.00 on June 27, 2022. This alley is located in the Waste Transfer Station Area and will be improved in 2022. WHEREAS, all of the previous expenses for the projects completed in the Waste Transfer Station Area have been charged to the Capital Improvement Fund. NOW BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: SECTION 1: Business Unit 415.40.4419 will be established in the Capital Improvement Fund. SECTION 2: An amount of $456,470.00 shall be transferred from the Solid Waste Fund to Business Unit 415.40.4419 in the Capital Improvement Fund and all future Host Fees shall be deposited into this Business Unit. SECTION 3: An amount of $217,560.00 (the remaining balance of the initial settlement fee deposited into the General Fund) shall be transferred from the General Fund to Business Unit 415.40.4419 in the Capital Improvement Fund. SECTION 4: An amount of $282,440.00 shall be transferred from the General Fund to the Capital Improvement Fund Reserves to reimburse the Capital Improvement Fund for previous projects completed in the Waste Transfer Station Area and paid for by the Capital Improvement Fund. --2— Page 2 of 3 Doc ID: e10d52030108f5bd24922cacc6d65801dc74e22b 50-R-22 SECTION 5: All future projects completed in the Waste Transfer Area that are funded by the Settlement Fee and / or Hosts Fees will be charged to Business Unit 415.40.4419 in the Capital Improvement Fund. SECTION 6: That this Resolution 50-R-22 shall be in full force and effect from and after its passage and approval in the manner provided by law. Attest: Stephanie Mendoza, City Clerk Adopted: July 11 hanzd' &Jj Daniel Biss, Mayor Approved as to form: dg- Derke Price, Interim Corporation Counsel 2022 —3— Page 3 of Doc ID: e10d52030108f5bd24922cacc6d65801dc74e22b