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Show Cash carry over JSL from 1984$435,000 Bus System$67,000 P - v ' ' Flood Control- Govt. Crants-$363,0OO -XT Jfl 1T"V?V Jr-nr''!wt ... X YAlPV I ff V Buffer Strips, Lights, UJZ i-, Jp f7 Vf fcV .X AY Sidewalks-$305,300 1,0 J&yLs Yr A jVl V S , " -V m 30? ) vMiLi Transfer City Funds- Impact fees$900,000 $600,000 Building Street Improvements- Improvements- $376,500 REVENUES 8.6to EXPENDITURES ($2.3 million) ($2.3 million) Capital Improvements Budget slatecl for adoption bv;SA'U-hci) .: area account for 10 percent of the budget at $235,000. Included in those improvements is $100,000 to excavate and pave the future site of the RDAMarsac hotel for 83 interim parking spaces. The city council hopes that a Chicago developer who has signed an option agreement to build there will reimburse the city for the excavation. So far, the developer is mum on the topic. Another $38,500 will extend the parking lot behind the Egyptian Theatre. Planters for Main Street will be funded in the amount of $37,000. Improvements at the Swede Alley turnaround will cost $60,000. New bike paths, buffer strips, street lights and signs as well as improvements to Old Town steps will cost $305,300 or about 13 percent of the budget. The budget earmarks $138,670 for building improvements. Among those expenditures $100,000 has been set aside to purchase land and build tourist information center ot be operated by the Chamber Bureau. The remaining $38,670 will go to landscaping around the old City Hall building. ' The widening of Swede Alley, listed under land acquisition, will cost $125,000 or 5.5 percent of the capital improvements budget. Only 3 percent of the budget has been set aside for the Park City transit system. A lease of two buses, slated for $67,000, will serve Deer Valley's Silver Lake area. Whether the city is awarded government grants for additional buses will not be known until October. Of a handful of comments made at the public hearing, most were in support of a trolley for Main Street. While the trolley remains in the budget it is unclear what its funding source will be. Estimates range as high as $130,000. Flood control will get 11 percent of the budget. The $254,280 is made up largely of government grants specifically speci-fically earmarked for flood control. A 4 percent share of the 1985 Capital Improvements budget has been set aside for engineering and planning. Among the items listed for the $95,000 allocation is engineering for Swede Alley improvements and a sidewalk master plan. by Christopher Smart Only a handful of Park City residents attended an April 1 1 public hearing on the municipality's proposed pro-posed $2.3 million Capital Improvements Improve-ments Budget. The city council is expected to adopt the budget today, April 18. Park City Manager Arlene Loble outlined for the sparse crowd the revenues that will make up the budget. The largest share of those funds, $900,000, will come from construction impact fees, which represent 39 percent of capital improvement revenues. Another large chunk of revenue, about 26 percent, will come as a transfer from the city's operating budget. Originally the budget listed those transfers at $300,000. However, How-ever, with the addition of a number of capital improvements, the figure has increased to $600,000. Government grants, specifically earmarked for such projects as flood control and parks improvements, account for $365,000 or about 16 percent of the budgeted revenue. Almost 19 percent of the budget revenue will come from cash carryover from the 1984 budget. Those funds equal $435,000. On the expenditures side of the budget, Loble explained that 30 percent, or $708,187, has been set aside for parks improvements. Among those improvements, $157,881 will go toward the completion of Prospector Park east of Prospector Square's residential area, $280,000 will build a road and new parking in City Park, a new building in City Park will cost $192,000, new lights and bleachers there have been allocated $68,000 and $9,500 will go to Rotary Park. Street improvements will be funded with $376,500 or 16.5 percent of this year's budget. The Prospector bus route will receive $230,00 in repairs, upper Park Avenue is slated to get $92,199, the widening of the intersection at Holiday Ranch Loop Road arid Utah Highway 224 will cost $25,000, $15,000 has been set aside for the widening of Marsac Avenue, and repairs at the intersection of Heber and Park Avenues are scheduled to cost $14,500. Improvements in the Main Street |