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HomeMy WebLinkAbout10039RESOLUTION NO. 10039 A RESOLUTION AUTHORIZING THE TRANSFER OF $6,000.00 FROM THE GENERAL FUND CONTINGENCIES ACCOUNT TO THE AIRPORT 2004 BUDGET FOR EMERGENCY REPAIRS TO A RAIL SPUR IN THE AIRPORT INDUSTRIAL PARK BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $6,000.00 shall be transferred from the General Fund contingencies account to the Airport 2004 budget. SECTION 2. Said funds shall be used for emergency repairs to a rail spur in the Airport Industrial Park. INTRODUCED: January 26, 2004 ffim Michael Occhiato COUNCILPERSON APPROVED: J PRES NT OF CITY COUNCIL ATTESTED BY: TY CLERK Background Paper for Proposed RESOLUTION � . V IOG'39 AGENDA ITEM # DATE: January 26, 2004 DEPARTMENT: AVIATION - DANIEL E. CENTA, P.E. TITLE A RESOLUTION AUTHORIZING THE TRANSFER OF $6,000.00 FROM THE GENERAL FUND CONTINGENCIES ACCOUNT TO THE AIRPORT 2004 BUDGET FOR EMERGENCY REPAIRS TO A RAIL SPUR IN THE AIRPORT INDUSTRIAL PARK ISSUE Should City Council approve the transfer of funds to pay for emergency repairs to a rail spur in the Airport Industrial Park. RECOMMENDATION Approval of this Resolution. BACKGROUND The rail spur that services Timberline Steel in the Airport Industrial Park was in need of repairs. Railroad Specialties, Inc. was contacted and gave an estimate for the repairs of approximately $6,000.00. The railroad refused to retrieve Timberline Steel's rail cars due to the condition of the track. The repairs had to be done quickly to keep the disruption to Timberline Steel's business at a minimum. FINANCIAL IMPACT Funds in the amount of $6,000.00 for the repairs are to be transferred from the General Fund contingencies account to the Airport 2004 budget.