HomeMy WebLinkAbout10478RESOLUTION NO. 10478
A RESOLUTION AUTHORIZING THE TRANSFER OF $2,500 FROM THE CONTINGENCIES
ACCOUNT IN THE 2005 GENERAL FUND BUDGET TO THE OUT OF CYCLE REQUESTS TO
FUND THE UPDATING AND PRODUCTION OF THE PUEBLO ECONOMIC DEVELOPMENT
CORPORATION'S RECRUITMENT VIDEO
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The transfer of $2,500 from the Contingencies Account in the 2005 General Fund budget to
the Out of Cycle Requests Fund is hereby approved.
SECTION 2.
Said funds shall be dispersed from the Out of Cycle Requests Fund to fund the updating
and production of the Pueblo Economic Development Corporation recruitment video.
INTRODUCED August 22, 2005
PRES1 9 F CITY frP
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BY Michael Occhiato
Councilperson
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Background Paper for Proposed
RESOLUTION
AGENDA ITEM # 2
DATE: August 22, 2005
DEPARTMENT: OFFICE OF THE CITY MANAGER
DAVE GALLI, CITY MANAGER
DOUG FITZGERALD. ASSISTANT CITY MANAGER
TITLE
A RESOLUTION AUTHORIZING THE TRANSFER OF $2,500 FROM THE
CONTINGENCIES ACCOUNT IN THE 2005 GENERAL FUND BUDGET TO
THE OUT OF CYCLE REQUESTS TO FUND THE UPDATING AND
PRODUCTION OF THE PUEBLO ECONOMIC DEVELOPMENT
CORPORATION'S RECRUITMENT VIDEO
ISSUE
The Pueblo Economic Development Corporation ( PEDCO) is in the process of
updating the recruitment video (current video is 10 years old) they send to
potential prospects throughout the United States. They are requesting funding
from various businesses in the community of Pueblo, as well as, from local
government entities. They would like to receive $2,500 from the City of Pueblo,
Pueblo County, the Pueblo West Metropolitan District and the Board of Water
Works to initiate this fundraising campaign. The estimated cost for the updating
the PEDCO video is $20,000 to $25,000.
RECOMMENDATION
Approval of the Resolution
FINANCIAL IMPACT
Funds in the amount of $2,500 will be transferred from the Contingencies
Account in the 2005 General Fund Budget (see attached spreadsheet for the
balance in the contingencies account).