HomeMy WebLinkAboutResolution 2022-090 Approving a New Capital Improvement Project, Tangerine Traffic Interchange Improvements MARANA RESOLUTION NO. 2022-090
RELATING TO BUDGET; APPROVING A NEW CAPITAL IMPROVEMENT PROJECT,
TANGERINE TRAFFIC INTERCHANGE IMPROVEMENTS, AND APPROVING THE
TRANSFER OF UP TO $600,000 IN BUDGETED EXPENSE AUTHORITY FROM THE
REGIONAL TRANSPORTATION FUND TO THE OTHER AGENCY FUND IN THE
FISCAL YEAR 2022-2023 BUDGET TO FUND THE PROJECT
WHEREAS on June 21, 2022, the Town Council adopted the fiscal year 2022-2023
budgetary document and overall financial plan which set the legal level of budgetary
control at the department level for the General Fund and at the fund level for all other
funds; and
WHEREAS on April 19, 2022, the Town of Marana approved The Crossroads at
Gladden Development Agreement (DA) that requires Tangerine 2021, LLC (the Devel-
oper) to contribute $2.6 million towards the design and construction of the Tangerine
Traffic Interchange (TI) Improvements; and
WHEREAS the Developer, pursuant to the terms of the DA, paid the Town of
Marana $600,000 on April 22, 2022 and those funds were deposited in the Other Agency
Fund; and
WHEREAS the $600,000 will be used for the design of the new capital improve-
ment project, Tangerine TI Improvements, to coincide with the existing Tangerine Road
Widening Project; and
WHEREAS the Town Council desires to transfer budgeted expense authority in
the fiscal year 2022-2023 budget of $600,000 from the Regional Transportation Fund to
the Other Agency Fund to fund the new capital improvement project, Tangerine TI Im-
provements; and
WHEREAS transferring the budgeted expense authority from the Regional Trans-
portation Fund to the Other Agency Fund within fiscal year 2022-2023 budget will not
significantly impact the General Fund; and
WHEREAS reallocations of budgeted expense authority between funds are neces-
sary from time to time; and
WHEREAS the Council finds that the reallocations addressed by this resolution
are in the best interest of the Town of Marana and its citizens.
Marana Resolution No.2022-090 - 1 -
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE TOWN OF MARANA, ARIZONA, AS FOLLOWS:
SECTION 1. The new capital improvement project, Tangerine TI Improvements,
is hereby approved.
SECTION 2. The transfer of$600,000 in budgeted expense authority from the Re-
gional Transportation Fund to the Other Agency Fund in the fiscal year 2022-2023 budget
for anticipated costs associated with the newly established project for design of the TI
improvements described in section 1 is hereby approved.
SECTION 3. The Town's Manager and staff are hereby directed and authorized to
undertake all other and further tasks required or beneficial to carry out the terms, obliga-
tions, and objectives of this resolution.
PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF
MARANA, ARIZONA, this 6th day of September, 2022.
Mayor Ed Honea
ATTEST: APPROVED AS TO FORM:
David Udall, Interim Town Clerk Jame Fairall, Town Attorney
MARANA AZ
ESTABLISHED 1977
Marana Resolution No.2022-090 - 2 -