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HomeMy WebLinkAbout10055RESOLUTION NO. 10055 A RESOLUTION TRANSFERRING $59,000 FROM THE LIBRARY ROADWAY IMPROVEMENT PROJECT, NO. CP0317 TO THE EL PUEBLO SITE IMPROVEMENT PROJECT, NO. EL0101 TO BE USED FOR THE EL PUEBLO SITE IMPROVEMENTS BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $59,000 are hereby transferred from the Library Roadway Improvements, Project No. CP0317 to the El Pueblo Site Improvements, Project No. EL0101. SECTION 2. Said funds will be transferred upon approval of this Resolution INTRODUCED February 9, 2004 BY Michael Occhiato /� Councilperson APPROVED: v�-f PRESI ENT OF CITY COUNCIL ATTESTED BY: CITY CLERK ,moo. # iooss Background Paper for Proposed RESOLUTION AGENDA ITEM # 6 DATE: FEBRUARY 9, 2004 DEPARTMENT: COMMUNITY DEVELOPMENT /JIM MUNCH PLANNING DEPARTMENT /CATHY GREEN TITLE A RESOLUTION TRANSFERRING $59,000 FROM THE LIBRARY ROADWAY IMPROVEMENT PROJECT, NO. CP0317 TO THE EL PUEBLO SITE IMPROVEMENT PROJECT, NO. EL0101 TO BE USED FOR THE EL PUEBLO SITE IMPROVEMENTS ISSUE Shall City Council approve the transfer of $59,000 from the Library Roadway Improvement Project to the El Pueblo Site Improvement Project? RECOMMENDATION Approve the Resolution. Funds in the amount of $268,000 were awarded to the City of Pueblo per Agreement with the Colorado Historical Society for improvements of the right of way on Union Avenue and site improvements surrounding the El Pueblo Museum, per Resolution No. 7012. Colorado Historical Society Funds were setup in the following oroiect number: Library Roadway Improvements (TE -21 Grant Match) CP0317 $ 84,000 Library Rotor Project (Small Urban Fund Grant Match) CP0318 $149,573 EL Pueblo Site Improvements EL0101 34,427 $268,000 Funds from the Colorado Historical Society in the amount of $84,000 were budgeted and appropriated in the Library Roadway Improvement Project, CP0317 in anticipation to be used as local match for a Transportation Enhancement Grant (TE -21) to landscape Union Avenue right of way at the library and at El Pueblo Museum. The required TE -21 local match is $25,000. This Resolution is requesting that the remaining balance of $59,000 from CP0317 be transferred to the El Pueblo Site Improvements Project No. EL0101 as per the Agreement with the City and the Colorado Historical Society. FINANCIAL IMPACT Funds in the amount of $59,000 shall be transferred from Project CP0317 to Project EL0101 for El Pueblo Site Improvements.