HomeMy WebLinkAbout10356RESOLUTION NO. 10356
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, TRANSFERRING $3.2
MILLION FROM THE 1992 -2006 SALES AND USE TAX CAPITAL
IMPROVEMENT PROJECTS FUND FOR SUCH PURPOSE AND
REPEALING RESOLUTION NO. 10157
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 $3.2 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 $3.2 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) $2.2 million for extension of runways and taxiways, site work, utilities, related
infrastructure, engineering and architectural services, to serve four (4) building sites located east of
the Blitz Hangar at the Pueblo Municipal Airport.
(b) $1 million to construct one (1) fifteen thousand (15,000) square foot shell hangar
building, parking area, utilities, engineering and architectural services, and related infrastructure on
one (1) building site.
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.
SECTION 5
Resolution No. 10157 is hereby repealed.
INTRODUCED March 28, 2005
BY Michael Occhiato
Councilperson
APPROVED:
PIRESMENT 9F CITY CPWCIL
ATTESTED BY:
CITY CLERK
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Background Paper for Proposed
RESOLUTION
AGENDA ITEM # o
DATE: March 28, 2005
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, TRANSFERRING $3.2
MILLION FROM THE 1992 -2006 SALES AND USE TAX CAPITAL
IMPROVEMENT PROJECTS FUND FOR SUCH PURPOSE, AND REPEALING
RESOLUTION NO. 10157
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
bythe 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
$3.2 million of the one -half cent sales tax fund for job creating capital improvement
projects will be made available for the project as follows: $2.2 million for extension
of runways and taxiways site work, utilities, related infrastructure, and engineering
and professional services, and $1 million for construction of one (1) fifteen thousand
(15,000) square foot shell hangar building.