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Title:
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A bill for an ordinance making rescissions in the 2001 COP Proceed Funds and transferring the cash balance to the Capital Improvements Fund, as noted in the 2011 Budget Plan. (GOVERNMENT AFFAIRS & FINANCE) Approves a 2010 transfer of excess 2001 A & B COP proceeds in the amount of $19,193.73 for 2001A in Fund #38501 and $817,995.64 for 2001B in Fund #38502 to off-set COP payments made by the Capital Improvements Fund and rescind $8,564.48 in remaining budget balances from the original COP project budgets as part of the Mayor’s budget approved by City Council. This is a companion bill to Council Bill 10-0917, Series of 2010 (the Long Bill).
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