Agenda Text
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Requesting the appropriation of $400,000 in Capital Funds from the Assembly Square Stabilization Fund for Dickerman Playground renovation.
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Official Text
To the Honorable Board:
I respectfully request an appropriation in the amount of four hundred thousand dollars ($400,000) from the Assembly Square Stabilization Fund to fund the full construction costs for the renovation of the Dickerman Playground.
The City has received a Parkland Acquisitions and Renovations for Communities (PARC) grant in the amount of $256,000 from the Division of Conservation Services for the Dickerman Playground construction cost. The State will reimburse 64% of construction costs, or $256,000. The City is responsible for the remaining 36% municipal share of the PARC grant, or $144,000. As part of the grant requirements, the City must appropriate funds for the entire cost of the project. Two other Board Actions (PARC grant acceptance and dedication of Dickerman Playground to open space and recreational use in perpetuity) are also being submitted for your consideration at this time.
This is a reimbursable grant. The City must pay for the full project cost and get reimbursed from the State. It is my intent to seek an appropriation back to the Assembly Square Stabilization Fund of the $256,000 reimbursable amount once received from the State.
Thank you for your consideration. OSPCD staff will be available to answer any questions you may have.
Respectfully submitted,
Joseph A. Curtatone
Mayor