CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
Petitioner:
Jessica L. Colvin, Chief Financial Officer
Recommendation:
title
Approve the allocation of $6,703,575 from the Special Ad Valorem Capital Projects Fund (4160) to fund the Clark County Detention Center South Tower Renovation project (RP.D0920057).
body
FISCAL IMPACT:
Fund #:
4160.000
Fund Name:
Special Ad Valorem Capital Projects
Fund Center:
N/A
Funded PGM/Grant:
RP.D0920057
Amount:
$6,703,575
Description:
Capital Projects
Additional Comments:
$6,703,575 is currently available in the Special Ad Valorem Capital Projects Fund (4160) to fund the Clark County Detention Center South Tower Renovation.
BACKGROUND:
The County collects a $0.05 tax on each $100 of assessed valuation in the Special Ad Valorem Distribution Fund (2130). The County’s portion of the tax is transferred to the Special Ad Valorem Capital Projects Fund (4160) for the funding of major capital projects. Based on a revised estimate from Real Property Management an additional $6,703,575 is needed to complete the CCDC South Tower Renovation project. The recommended allocation for the Special Ad Valorem Capital Projects Fund (4160) is $6,703,575.