Town has surplus – and spends it
In its meeting Thursday, May 3, Town Council chose to reinvest $1.4 million in surplus revenue from the 2000/2001 budget back into town projects.
Town Council opted to spend a third of its surplus to remodel Town Hall to accommodate Truckee’s Police Department.
In this year’s budget $503,000 was listed for the remodel, but current estimates have pushed the total remodel cost as high as $1,053,000, more than double the estimates provided by consultants Lewis-McCrary Partners.
The architect’s remodel estimate is approximately $100 per square foot and $50 per square foot for the construction of covered parking, said Police Chief Dan Boon. The police department plans to use 7,672 square feet of space in Town Hall.
Council approved allocating $550,000 of the surplus for the remodel.
Council voted to spend approximately $475,000 of the surplus on public works issues such as storage for vehicles, modular office space, a fuel tank and miscellaneous shop equipment.
More than $200,000 of the public works funding will be used to augment a large equipment storage building at the Riverview Drive Corporation Yard. In this year’s budget $105,000 was allocated to the storage building.
The additional funding would be used for improvements that are required for the storage building to meet seismic design requirements and to improve the building’s appearance.
The public works office will receive $160,000 of the surplus for design and construction of a 1,200 square foot modular office building. The building would provide office space at the existing location for public works employees.
The Glenshire subdivision paving project will receive $234,000 of the surplus budget. The area was originally scheduled for road overlay work in 2003 or some time thereafter. Now that additional funding is available, the work can be done this year to coincide with overlay work on other streets in the area.
Of the surplus, $88,000 will be spent on community development projects. The historic inventory will receive the largest allotment of cash in the community development department. Town Council has identified the inventory as a top priority.
Smaller portions of the surplus will be used for Town Council, the town manager, the depot and Town Hall.
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