HomeMy WebLinkAboutMotion Sheet - 4/16/2024Item C2
MOTION SHEET
CITY COUNCIL of SALT LAKE CITY
tinyL1rl.com/SLCFY24
TO: City Council Members
FROM: Ben Luedtke, Sylvia Richards, Jennifer Bruno, and Kira Luke
DATE: April 16, 2024
RE: Budget Amendment Number Three FY2024
Staff note: Four urgent items were adopted on December 12, 2o23. The Council adopted most other
items on January 16 and two further items on February 6. The amendment remained open to consider
this single remaining item, A-1o: downtown parking pay station replacements. Motion 1 would
authorize a single upfront payment and avoid $291,895 of interest expense compared to Motion 2
which would authorize an initial half year payment this fiscal year and then larger payments evenly
spread across years two through seven (fiscal years 2025 — 2030).
MOTION i — ADOPT REMAINING ITEM WITH SINGLE UPFRONT PAYMENT
I move that the Council adopt an ordinance amending the Fiscal Year 2024 final budget of Salt Lake City
for item A-io, authorizing the full payment of $1.612 million from General Fund Balance.
A-1o: Downtown Parking Pay Station Replacements ($1.612 million from General Fund Balance)
MOTION 2 — ADOPT REMAINING ITEM WITH SEVEN-YEAR PAYMENT SCHEDULE
I move that the Council adopt an ordinance amending the Fiscal Year 2024 final budget of Salt Lake City
for item A-lo as shown on the motion sheet.
A-1o: Downtown Parking Pay Station Replacements ($135,993from General Fund Balance)
MOTION 3 — NOT ADOPT
I move that the Council proceed to the next agenda item.
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