File #: 24-300   
Status: Agenda Ready
File created: 2/22/2024 In control: Clark County Board of Commissioners
On agenda: 3/5/2024 Final action:
Title: Allocate Residential Construction Tax Funds from Park District 3 (2110.003) in the amount of $6,300,000, for the design and construction of James Regional Recreation Center; and authorize a transfer from Fund (2110.003) 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 Park District 3 (2110.003) in the amount of $6,300,000, for the design and construction of James Regional Recreation Center; and authorize a transfer from Fund (2110.003) to the Recreation Capital Improvement Fund (4110.000). (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

2110.003

Fund Name:

Residential Construction Tax

Fund Center:

1280110100

Funded PGM/Grant:

TBD

Amount:

$6,300,000

Description:

James Regional Recreation Center Design and Construction

Additional Comments:

Transfer appropriations from the Park District 3 subfund within the Residential Construction Tax Fund (2110.003) to the Recreation Capital Improvement Fund (4110) for the design and construction of James Regional Recreation Center.

 

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.