HomeMy WebLinkAbout10157RESOLUTION NO. 10157
A RESOLUTION APPROVING A JOB CREATING CAPITAL IMPROVEMENT PROJECT
RELATING TO THE DEVELOPMENT OF A PORTION OF THE PUEBLO MEMORIAL AIRPORT
FOR USE BY COMPANIES EMPLOYING FULL -TIME EMPLOYEES AND CONDUCTING
AERONAUTICAL ACTIVITIES AND BUSINESS AT THE PUEBLO MEMORIAL AIRPORT AND
TRANSFERRING $2.7 MILLION FROM THE 1992 -2006 SALES AND USE TAX CAPITAL
IMPROVEMENT PROJECTS FUND FOR SUCH PURPOSE
WHEREAS, the Pueblo Economic Development Corporation has presented to the City
Council a proposal for a job creating capital improvement project relating to the development of a
portion of the Pueblo Memorial Airport for use by companies employing full -time employees and
conducting aeronautical activities and business at the Pueblo Memorial Airport ( "Project "), and
WHEREAS, based upon Pueblo Economic Development Corporation's proposal and
representations made with respect to the Project by representatives of Pueblo Economic
Development Corporation, City Council is willing to approve the Project upon the terms and
conditions set forth herein. NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that
SECTION 1
The City Council finds and determines that the Project and expenditure of $2.7 million for
such job creating capital improvement project meets and complies with the criteria and standards
established by Ordinance No. 6381 and will create employment opportunities justifying the
expenditure of public funds.
SECTION 2
Funds in the amount of $2.7 million are hereby authorized to be transferred, expended and
made available for the Project out of the 1992 -2006 Sales and Use Tax Capital Improvement
Projects Fund for the following purposes, subject to the approval of the City Manager:
(a) $930,000.00 for extension of runways and taxiways, site work, utilities, related
infrastructure, engineering and architectural services, to serve two (2) building sites located east of
the Blitz Hangar at the Pueblo Municipal Airport.
(b) $1,770,000.00 to construct and install two (2) fifteen thousand (15,000) square foot
hangar buildings, parking area, utilities, engineering and architectural services, and related
infrastructure on the two (2) building sites.
SECTION 3
All engineering, architectural and construction contracts for the work described in Section 2
hereof shall be submitted to the City Council for approval.
SECTION 4
The officers of the City are authorized to perform any and all acts consistent with the intent
of this Resolution to effectuate the transactions described herein.
INTRODUCED June 14, 2004
BY Michael Occhiato
Councilperson
APPROVED: &k�
PRESI ENT OF CITY COUNCIL
ATTESTED BY:
CITY CLERK
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Background Paper for Proposed
RESOLUTION
AGENDA ITEM # 33
DATE: June 14, 2004
DEPARTMENT: Law Department
TITLE
A RESOLUTION APPROVING A JOB CREATING CAPITAL IMPROVEMENT
PROJECT RELATING TO THE DEVELOPMENT OF A PORTION OF THE
PUEBLO MEMORIAL AIRPORT FOR USE BY COMPANIES EMPLOYING FULL -
TIME EMPLOYEES AND CONDUCTING AERONAUTICAL ACTIVITIES AND
BUSINESS AT THE PUEBLO MEMORIAL AIRPORT AND TRANSFERRING $2.7
MILLION FROM THE 1992 -2006 SALES AND USE TAX CAPITAL
IMPROVEMENT PROJECTS FUND FOR SUCH PURPOSE
ISSUE
Should the City Council approve the Resolution and job creating capital
improvement project described therein?
RECOMMENDATION
None.
BACKGROUND
The Pueblo Economic Development Corporation has recommended for approval
by the City Council a proposal for a job creating capital improvement project relating
to the development of a portion of the Pueblo Memorial Airport for use by
companies employing full -time employees and conducting aeronautical activities
and business at the Pueblo Memorial Airport ( "Project').
FINANCIAL IMPACT
$2.7 million of the one -half cent sales tax fund forjob creating capital improvement
projects will be made available for the project as follows: $930,000 for extension of
runways and taxiways and $1,770,000 for construction of two (2) fifteen thousand
(15,000) square foot hangar buildings.