File #: 23-1516   
Status: Agenda Ready
File created: 10/26/2023 In control: Clark County Board of Commissioners
On agenda: 11/7/2023 Final action:
Title: Allocate Residential Construction Tax Funds from Mountain's Edge Fund (2110.018) in the amount of $437,529.61 for the construction of the Mountain's Edge Neighborhood Park and authorize a transfer from Fund (2110.018) to the Recreation Capital Improvement Fund (4110.000). (For possible action)
Attachments: 1. Staff Report

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Jessica L. Colvin, Chief Financial Officer  

Recommendation: 

title

Allocate Residential Construction Tax Funds from Mountain's Edge Fund (2110.018) in the amount of $437,529.61 for the construction of the Mountain's Edge Neighborhood Park and authorize a transfer from Fund (2110.018) to the Recreation Capital Improvement Fund (4110.000).  (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

2110.018

Fund Name:

Residential Construction Tax

Fund Center:

1280110100

Funded PGM/Grant:

N/A

Amount:

$437,529.61

Description:

Mountain's Edge Developer Agreement

Additional Comments:

Transfer appropriations from the Mountain's Edge subfund within the Residential Construction Tax Fund (2110.018) to the Recreation Capital Improvement Fund for the construction of the Mountain's Edge Neighborhood Park.

 

BACKGROUND: 

Pursuant to NRS 278.4983, Residential Construction Tax (RCT) funds may be used for the acquisition, improvement and expansion of neighborhood parks or the installation of facilities in existing parks in the city or county.  Money collected in the fund must be expended for the benefit of the neighborhood from which it was collected.