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Posted: January 18, 2024
Rapid City
Agenda Item Summary

Agenda Item Ref. #: CIP011924-08 Consideration to Authorize Funding for HVAC Replacement

Agenda Item Title:

Consideration to Authorize funding for Journey Museum HVAC Replacement

Origination Group:
Capital Improvement Plan Committee
Origination Meeting Date:
01/19/2024
Staff Contact:
Daniel Ainslie
Agenda Item Summary:
The City constructed and continues to own the building that houses the Journey Museum. The lease agreement between the City and the Museum requires the City to maintain the major systems of the structure. The CIP schedule includes $200,000 for the HVAC replacement at the Journey Museum in 2025. During the previous CIP meeting, the Committee received a report from the Journey Museum requesting the funding be allocated immediately to completely replace the HVAC system. The Committee directed the staff to find a financial accommodation to satisfy this request. In order to fund a $850,000 request in 2024, the following actions are needed: 1.Reallocate the $200,000 in 2025 CIP Funds to 2024 for the Journey Museum, 2. Designate $150,000 in the 2024 Air Handling Replacement line item to the Journey Museum, 3. Transfer $500,000 from the 2023 Public Works carry-forward balance to CIP Government Facilities and designated the funds to the Journey Museum HVAC project

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Notes:
The CIP Committee can discuss the funding options.

Attachments & Links to Download:

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