Title/Name/Summary
Budget Amendment for Open Lands to Accept Home Depot Foundation Grant
History
The Village was recently awarded national runner up in the 2007 Award of Excellence for Community Trees program sponsored by the United States Conference of Mayors and the Home Depot Foundation. The award included a $25,000 grant made payable to the Village’s not-for-profit partner in the application, which was Open Lands.
The funding is to assist in the creation of healthy, livable communities through the use of trees. To that end, the Planning and Engineering Division and the Recreation & Parks Department have developed a plan to utilize this funding for the purchase of trees to be planted at the Stellwagen Farm. This will provide a landscape screen around the farm perimeter and provide shade for users of the planned perimeter bike path. All trees are planned to be local native species and will be identified for the benefit of path users.
This funding was not originally included in this year’s budget for Open Lands. Therefore, a budget amendment in the amount of $25,000 is needed to incorporate the grant funds. Additionally, approval is needed for an expenditure of $25,000 to purchase the trees that will be installed at Stellwagen Farm.
On March 20, 2008 the Open Lands Fund Commission moved to recommend to the Village Board a budget adjustment in the amount of $25,000 for the purchase of trees to be planted on the Stellwagen Farm with full funding from the Home Depot grant.
This is now before the Village Board for consideration.
Financial Impact
Budget Impact: Budget Adjustment to Account #029-0000-499.70-70 in the amount of $25,000 funded by the Home Depot Grant.
Recommended Action/Motion
I move to approve a budget adjustment in the amount of $25,000 for the purchase of trees to be planted on the Stellwagen Farm with full funding from the Home Depot grant.