Title
Resolution - Approval of 2020 Capital Improvement Plan Budget Amendment for Purchase of Land in Travis County - B Gedrich
Other Info
Submitted By: Brian Gedrich
Department: Engineering
Financial Impact and Cost/Benefit Considerations: Expenditures of $604,000 to be transferred from 180503005_ “Remote Ends-Whitestn,Blockhs,Lean”; no additional staff time expected (other than ordinary processing requirements).
Discussion
In order to support ongoing Cooperative facility needs, a budget amendment is requested to purchase land in Travis County in order to allow improved substation access and to provide future substation capacity additions. The budget request would transfer $604,000 from CIP project 180503005_ “Remote Ends-Whitestn,Blockhs,Lean” to a new CIP project to purchase the additional property.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that the Board approve an amendment to the Cooperative's 2020 Capital Improvement Plan Budget as described herein; and
BE IT FURTHER RESOLVED, that the Chief Executive Officer or designee is authorized to take all such actions as needed to implement this resolution.