Background/Discussion
POWERTECH is a local company specializing in residential and commercial electrical service, generator sales, service and installation, and facility maintenance. The company makes donations to improve the quality of life within the City and this year they have approach the Parks and Recreation Department interested in making a donation that would benefit the youth of the City. After several discussion, the decision to replace a playground became of strong interest.
POWERTECH has agreed to donate $200,000 towards the replacement of the playground. This project is part of the FY 22 CIP request and is identified as project PR22-05. The CIP request is for a total project cost of $400,000 with $200,000 in General Obligation bonds as match to the donation from POWERTECH. A funding agreement has been drafted that states the donation will be paid in five (5) equal payments of $40,000 paid to the city each year starting December 1, 2020.
The playground has been designed and ready to proceed to a public hearing