Spreadsheet: 76cc367b-691c-4f1f-a2f1-bd9a7428b460
Sheet: Operating

OPERATING/PROGRAMMATIC |  |  |  |  |  |  | 120200
Legislative Fiscal Note |  |  |  |  |  |  | Ordinance Number
Ordinance Title (in Brief)
 | Appropriating $1,081,000.00 from unappropriated fund balance in Fund No. 5050, the Downtown Arena Debt Fund; reducing
 | appropriations and appropriating transfer accounts in the amount of $40,000.00 from unappropriated fund balance in Fund No. 5050, the
 | Downtown Arena Debt Fund; estimating transfer accounts in the amount of $40,000.00 in Fund No. 3090, Capital Improvement Fund,
 | authorizing re-appropriation of unexpended and unencumbered balances in Fiscal Year 2012-2013, designating requisitioning authorities
 | and authorizing the Director of Finance to close project accounts upon completion.
Does this Legislation Estimate New or Additional Revenues to the City? |  |  |  |  |  |  | X | No |  |  | Yes: See note
 | If yes, please identify in  which Fund these revenues will be deposited (e.g. General, Sales Tax)
 | and provide the following revenue information:
 | Revenue Detail |  |  |  | FY 2011-12 |  |  | FY 2012-13
 | General Fund |  |  |  | 0 |  |  | 0
 | Special Revenue
 | Enterprise
 | Other
 |  |  | Total: | $ |  |  | $
 | (Please detail type of revenue (fees, grants, tax) and change that will occur as a result of this legislation.  Provide multi-year
 | estimates if known, or if grant revenue please identify source of funds (federal or state) and duration of grant support)
Does this Legislation increase appropriations in the current budget? |  |  |  |  |  |  |  | No |  | X | Yes
 | If Yes, please complete the following budget information:
 | Expense Detail |  |  |  | FY 2011-12 |  |  | FY 2012-13
 | General Fund
 | Special Revenue
 | Enterprise/Other |  |  |  | 1081000
 |  |  | Total: | $ |  |  | $
 | Please detail the extent to which these increased appropriations will be of a permanent nature (e.g. number of
 | additional staff, facilities, long-term contracts)
 | Ordinance appropriates $1,081,000 in available Surplus License Fees related to the financing of the Sprint Center for various projects
 | related the improvements of the [NAME] and other appurtenant facilities.   The Projects will be financed by trustee held Surplus Fees.  The
 | Surplus Fees are accumulated from car rental and hotel/motel fees ("License Fees"),  imposed since January 2005 to finance
 | construction of the Sprint Arena, that are not required for current for current debt service on the Sprint Bonds.  The Surplus Fees are
 | used, according to the Sprint Bonds covenants to pay for the current debt service on Sprint Bonds when current License are not
 | sufficient.  The Surplus Fees may be used for any proper purpose as provided in the ballot language of Committee Substitute for
 | Ordinance No. 040554.  The projects are listed below:
 | Wayfinding Signage/Sprint Arena Project: $ 301,000.00
 | The project includes acquisition and installation of up to 46 permanent wayfinding signs in the downtown area providing directions to
 | Sprint Arena.
 | Security Officer Station:  $ 150,000.00
 | The project constructs a building ("Station") replacing a temporary structure, separate from Sprint Arena, used to monitor the dock area
 | and entertainer's entrance.  The Station will have a more permanent appearance in keeping with the general design of the Sprint Arena.
 | Concourse Signage Replacement:  $ 100,000.00
 | AEG, the manager of Sprint Arena, has advised that there are problems with the concourse signage within [NAME] and believes it
 | would be beneficial to replace such signage.
 | APS Signalization and LED Street Names:  $ 85,000.00
 | APS (Accessible Pedestrian Signals) and LED street names would assist persons leaving parking lots near Sprint Arena.  Those
 | persons would benefit from increased signage information, and persons with visual disabilities would be provided additional
 | non-visual information to enable them to reach [NAME].
 | Glass Panel Replacement:  $ 30,000.00
 | Funds would be used to replace or seal some of the 2,204 glass panels on Sprint Arena.
 | Legal Fees: $ 15,000.00
 | Legal fees in reviewing the eligibility of various projects and review of annual net surplus cash flow payments from operations of the
 | [NAME] have also been estimated and will be paid from [NAME] fees.
 | Block 112 Improvements: $ 400,000.00
 | The project provides improvements to the existing surface parking lot just north of the Sprint Arena/College Basketball Experience
 | facility.  The lot is located east of Grand Boulevard between 12th Street and 13th Street.  The improvements will include landscaping,
 | parking stalls, accessibility, perimeter fencing and aisle ways.
Does this Legislation expand the scope of current city services? |  |  |  |  |  |  | X | No |  |  | Yes
 | (Please detail estimate number of people to be served, who is delivering services currently to that population, service
 | performance expectations, and if grant supported, provisions for support if grant support ends.
Is this legislation the result of a federal or state legislative mandate? |  |  |  |  |  |  | x | No |  |  | Yes
 | (If yes, please detail the purpose and source for that mandate).
Reviewed by:
 | 0ffice of Management and Budget |  |  | OMB Approval Date