HomeMy WebLinkAbout09181RESOLUTION NO. 9181
A RESOLUTION APPROVING AN ADDENDUM TO THE
FUNDING AGREEMENT BETWEEN PUEBLO, A MUNICIPAL
CORPORATION AND THE HISTORIC ARKANSAS RIVER -
WALK OF PUEBLO AUTHORITY FOR FISCAL YEAR 2001
AND AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL
TO EXECUTE SAME
WHEREAS, the City has previously entered into a Funding Agreement with the Historic
Arkansas Riverwalk of Pueblo Authority ( "Authority ") dated July 1, 1998, and
WHEREAS, said Funding Agreement states that the City may renew this Agreement for
additional fiscal years through an Addendum approved by the City Council of the City and the
HARP Council of Authority and signed by the authorized officers of each parry, and
WHEREAS, the City has budgeted and appropriated $187,000 to be expended during fiscal
year 2001 for the operation and maintenance of HARP (the "City Funds "), and
WHEREAS, it would be in the best interest of the City and Authority that City Funds be
made available pursuant to an Addendum to the Funding Agreement between the City and the
Authority.
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1
The Addendum dated January 1, 2001 between Pueblo, a municipal corporation and the
Historic Arkansas Riverwalk of Pueblo Authority, a copy of which is attached hereto, having been
approved as to form by the City Attorney, is hereby approved. The President of City Council is
authorized to execute and deliver the Funding Agreement in the name of the City and the City Clerk
is authorized and directed to affix the seal of the City thereto and attest same.
SECTION 2
Funds in the amount of $187,000 are authorized to be expended out of the Intergovernmental
Account and made available to the Authority for use in compliance with the terms and provisions
of the Funding Agreement dated July 1, 1998, and the Addendum to the Funding Agreement dated
January 1, 2001.
ATTEST:
City erk
INTRODUCED: December 26, 2000
By Patrick Avalos
Councilperson
W h VED:
--
President of the City Council
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DECEMBER 26, 2000 AGENDA -
CITY COUNCIL BACKGROUND MEMORANDUM -
RESOLUTION APPROVING AN ADDENDUM TO THE
FUNDING AGREEMENT BETWEEN PUEBLO,
A MUNICIPAL CORPORATION AND THE
HISTORIC ARKANSAS RIVERWALK OF PUEBLO AUTHORITY
FOR FISCAL YEAR 2001 AND AUTHORIZING
THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME
The Resolution approves an Addendum to the July 1, 1998 Funding Agreement between the
City and the Historic Arkansas Riverwalk of Pueblo Authority ( "Authority ") under which City
annually makes funding available to the Authority for the promotion, management, supervision,
operation and development of HARP in accordance with the provisions of the intergovernmental
agreement creating the Authority and the Funding Agreement.
The approved 2001 budget allocated $187,000 to the Authority and the Addendum provides
that $187,000 will be made available to the Authority during City's 2001 fiscal year.
ADDENDUM
This Addendum entered into as of January 1, 2001 between Pueblo, a municipal corporation
(the "City ") and the Historic Arkansas Riverwalk of Pueblo Authority (the "Authority "), Witnesseth:
In accordance with Article G of the July 1, 1998 Funding Agreement between the City and
the Authority (the "Funding Agreement "), the City and Authority agree that Section C.1 of the
Funding Agreement shall be amended to read as follows:
C. City Funding
1. In consideration of Authority satisfactorily performing its duties and
obligations under the Intergovernmental Agreement and this Agreement, City shall make
available to Authority during City's current fiscal year a sum not to exceed $187,000 ( "City
Funds ").
City and Authority further agree that the Funding Agreement as herein amended is renewed
for the period January 1, 2001 through December 31, 2001, and that the terms and conditions of the
Funding Agreement as herein amended are hereby reaffirmed and shall continue in full force and
effect through the renewal period and be binding upon and inure to the benefit of City and Authority
and their respective successors and assigns.
This Addendum is intended to and shall become effective January 1, 2001.
Executed in Pueblo, Colorado as of the day and year first above written.
HISTORIC ARKANSAS RIVERWALK
OF PUEBLO AUTHORITY
Attest:
of HARP Council
Secretary
PUEBLO,
A ' ICIPAL CO ORATION
By Lr
President of the City Council
LOW- wo—oft—SM-
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IN
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