HomeMy WebLinkAbout8300RESOLUTION NO. 8300
A RESOLUTION CONSENTING TO THE ADOPTION OF THE
URBAN RENEWAL AUTHORITY OF PUEBLO, COLORADO'S
RESOLUTION ADOPTING THE FISCAL YEAR 1998 BUDGET
INCLUDING AN OPERATION AND MAINTENANCE BUDGET
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1.
The Council hereby consents to the adoption of the Urban Renewal Authority's Resolution
97 -12) dated December 9, 1997 adopting the Fiscal Year 1998 Budget including an Operation and
Maintenance Budget.
SECTION 2.
The President of the City Council is hereby authorized to approve the adoption of the
resolution.
ATTEST:
City Clerk
INTRODUCED: December 22 , 1997
By John Verna
Councilperson
APPROVED:
President 001le C' Council
Pueblo Urban Renewal Authority Budget Including The
Operations and Maintenance Budget
For the Fiscal Year Ending December 31, 1998
Revenue 1998
Carryover of Bond Funds Project Acct (See Schedule A) $1,406,970
Tax Increment Fund Taxes 35,000
Sales Tax Vendor Fee 1,280,687
Interest Earnings 35,000
Conventional Center Income 802,875
Pueblo County Contribution 285,000
Donations 50.000
Total Revenue 83.8
Expenditures
Globe Facility Services Operations and Maintenance Budget* $1,105,987
City of Pueblo Operating Cost Contribution* 100,000
Operating Lease Pueblo Development Foundation* 132,865
Capital Outlay for Hotel 1,662,500
Bond Interest and Principal 760,000
Signage 45,780
Transfer to Fund Balance 88,400
Total Expenditures $3.895 m
Included in Globe budget
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