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Title:
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Approves the 2012 annual budget for the Consolidated Morrison Road Pedestrian Mall Local Maintenance District, located in Council District 3. Assessing ordinance to approve the 2012 annual budget for the following local maintenance district included in the Group 4 Board of Equalization scheduled for November 7, 2011:
Local Maintenance District: Consolidated Morrison Rd Pedestrian Mall
2012 Budget / Assessment: $118,390 / $58,390
Percent Change From 2011 to 2012: 103% Increase
*The reasons for a budget increase of $60,000 to the Consolidated Morrison Road Pedestrian Mall are:
1. The cost of four bulb-outs west of West Kentucky Avenue at $10,000/each, for a total of $40,000.
2. The cost of a gateway entrance sign with landscaping improvements at the east end of the district, for a total of $20,000
The entire increase in budget of $60,000 will be covered by the district reserves held by the Consolidated Morrison Road Pedestrian Mall. Therefore, there is no increase in assessments fr...
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