ITEM TITLE:
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Consider approving an amendment to Council Policy 4-1 by including a provision that allows for a minimum 2% increase from previous year’s allocated budget to fund mill and overlay and panel replacement for city streets and to adequately fund citizen-usable amenities for city parks.
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INITIATOR: John Ratliff, City Manager
STAFF INFORMATION SOURCE: John Ratliff, City Manager
BACKGROUND: The City of Lawton recognizes the need to fund mill and overlay and panel replacement for city streets and to adequately fund citizen - usable amenities for city parks. The proposed amendment will include a minimum 2% increase from the previous years’ allocated budget for the Streets & Traffic Control Division’s Report and Maintenance account as well as a minimum 2% increase from the previous years’ allocated budget for the Park Maintenance Division’s Construction, Improvements, and Additions account. The policy as proposed requires future councils not desiring to meet these funding percentages the option of affirmatively opting out by majority vote.
EXHIBIT: Proposed Council Policy 4-1
Proposed Council Policy 4-1 with track changes
KEY ISSUES: N/A
FUNDING SOURCE: General Fund
STAFF RECOMMENDED COUNCIL ACTION: Approve an amendment to Council Policy 4-1 by including a provision that allows for a minimum 2% increase from previous year’s allocated budget to fund mill and overlay and panel replacement for city streets and to adequately fund citizen-usable amenities for city parks.