City of Peoria - File #: 22-172

• File #: 22-172
• Version: 1
• Type: Ordinance
• Status: Adopted
• File created: 5/11/2022
• In control: City Council
• On agenda: 5/24/2022
• Final action: 5/24/2022
• Title: Communication from the City Manager and Finance Director/Comptroller with a Request to ADOPT an ORDINANCE to Amend the 2022-2023 BIENNIAL BUDGET, Relating to the Use of $131,000.00 of Capital Fund Fund Balance for the Purchase of Real Estate Located at 1203 W. LOUCKS AVENUE, Peoria, IL.
• Related files: 21-356, 22-163

Date	Ver.	Action By	Action	Result
5/24/2022	1	City Council	adopted	Pass

ACTION REQUESTED: 

Title

Communication from the City Manager and Finance Director/Comptroller with a Request to ADOPT an ORDINANCE to Amend the 2022-2023 BIENNIAL BUDGET, Relating to the Use of $131,000.00 of Capital Fund Fund Balance for the Purchase of Real Estate Located at 1203 W. LOUCKS AVENUE, Peoria, IL. 

Body

BACKGROUND:  At the May 10^th, 2022 City Council Meeting, Council approved the purchase of real estate located at 1203 West Loucks Avenue.  This ordinance is to amend the 2022-2023 Biennial Budget for the purchase of the real estate. 

FINANCIAL IMPACT:  The ordinance authorizes the use of $131,000 in Capital Fund Fund Balance.

NEIGHBORHOOD CONCERNS:  n/a

IMPACT IF APPROVED:  n/a

IMPACT IF DENIED: n/a

ALTERNATIVES:  n/a

EEO CERTIFICATION NUMBER: n/a

WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2017 - 2032 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?

1. Financially Sound City                     

WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?

1. Keep taxes and fees competitive.                     

2. Have an efficient government.                     

DEPARTMENT: Finance