HomeMy WebLinkAbout09716AS AMENDED 11/11/02
RESOLUTION NO. 9716
A RESOLUTION EXPRESSING THE CITY COUNCIL'S INTENT TO CANCEL VARIOUS CAPITAL
PROJECTS FOR WHICH FUNDS WERE APPROPRIATED IN 2002 AND TO REAPPROPRIATE
FUNDS FROM THESE PROJECTS TO COVER SHORTFALLS IN THE 2002 AND 2003
BUDGETS
WHEREAS, the City has become aware of additional expenditures that will be needed to
fund Police pension costs in the 2003 budget, and
WHEREAS, the projection for sales tax collections in the years 2002 and 2003 appear to be
less than what was originally projected, and
WHEREAS, there will be a need to reappropriate funds from existing projects to balance
the 2002 and 2003 budgets, now therefore
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
It is the City Council's intent to cancel the following capital projects that were
approved in 2002:
Health Department Relocation $573,366
Fire Station #4 $280,000
SECTION 2
It is City Council's intent that the funds appropriated for the above stated projects will be
reappropriated to balance the 2002 and 2003 budgets.
SECTION 3
It is the City Council's intent to formally cancel these projects and reappropriate the funds
therefore by ordinance when amending the 2002 budget and adopting the 2003 budget.
INTRODUCED November 11, 2002
BY Al Gurule
Councilperson
APPROVED: -
resident of City Council
ATTEST:
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City C