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RES 2020-58 Adopted RESOLUTION NO. 2020-58 A RESOLUTION APPROVING A REPRIORITIZED FUNDING LIST FOR CAPITAL PROJECT SALES TAX III(CPST III) WHEREAS, a referendum on the third reimposition of the Capital Project Sales Tax in Aiken County was held on November 2, 2010 and resulted in the voters' approval of the ballot on reimposition of the tax and the Aiken County Council declared the results of the Referendum in Resolution Number 10-08-15 approved by Council on August 10, 2010; WHEREAS, the City of North Augusta included 12 projects totaling $23,575,000 in funding in the referendum which were approved by voters; and WHEREAS, the City of North Augusta has elected to prioritize certain projects in order of performance and reallocate funding among certain projects; and WHEREAS, the City of North Augusta City Council is required to approve all reprioritization of projects and funding. NOW THEREFORE, BE IT RESOLVED by the Mayor and City Council of the City of North Augusta, South Carolina, in meeting duly assembled and by the authority thereof that the City of North Augusta projects and funding allocations are hereby prioritized as listed on the attached Exhibit A. DONE, RATIFIED, AND ADOPTED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF NORTH AUGUSTA, SOUTH CAROLINA, ON THIS A I e} DAY OF DECEMBER, 2020. Robert A. Pettit,Mayor ATTEST: / jE�l.[.t.�ry alct�rH,o-�y Sharon Lamar, City Clerk EXHIBIT A CAPITAL PROJECTS SALES TAX III PROJECTS Current Funding Proposed Project Allocation Balance Funding Allocation Revised Funding Priority 11/30/2020 Changes Allocation 1 Fire Station) 2,224,283 1,301,692 3,525,975 2 Public Safety Headquarters 59,221 - 59,221 3 Greeneway Expansion,Extension,Connectors and Crossing Improvements 213,345 - 213,345 4 Street Resurfacing Program 21,411 (21,411) - • 5 Road Reconstruction Program 1,158,796 (1,158,796) - NA Interest on Investments 121,485 (121,485) - $ 3,798,541 $ - $ 3,798,541 •