ST8505-CS 890120January 20, 1989
Memorandum
To:
From:
Subject:
Russell Doyle, City Engineer
Trando, Deputy City Manager/Finance Director~
Frank
County's Request for $202,960.00
At this time the only funds available for this project would have to
come from the surplus funds, if any, from the Beltline North-South
project.
In a memo from Kevin Peiffer, dated December 5, 1988, he estimated
that the Beltline North-South project would come in under budget by
approximately $330,000.00. This amount does not include the
additional street lights that will be required at a future date. I
have estimated that the additional lights will cost approximately
$50,000.00. Therefore, we will need to encumber that amount out of
the surplus funds thereby reducing the $330,000.00 to $280,000.00.
At the present time this amount appears to be sufficient to cover the
request made by the County, but, bear.in mind that the project is
not c~mplete and I cannot ,q~aranteq ,that there w%ll be any
th/s project at all.
Although I will continue to search for sources of funding for this
project, we may have to request that the County grant us up to two
years to pay them conveying our assurance that the City of Coppell
will accept it's financial obligation.
If I can be of further assistance please don't hesitate to contact me.
FT/lr
xc: Alan D. Ratliff, City Manager
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