HomeMy WebLinkAbout10590RESOLUTION NO. 10590
A RESOLUTION AUTHORIZING THE TRANSFER OF $2,606.50 FROM THE CONTINGENCIES
ACCOUNT IN THE 2005 GENERAL FUND BUDGET TO THE OUT OF CYCLE REQUESTS TO
FUND EXPENSES INCURRED BY THE PUEBLO ECONOMIC DEVELOPMENT FOUNDATION,
INC. RELATING TO MINNEQUA INDUSTRIAL PARK CAPITAL IMPROVEMENT PROJECTS
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO THAT:
SECTION 1.
The transfer of $2,606.50 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 capital
improvements at the Minnequa Industrial Park.
INTRODUCED December 12, 2005
PRES1 9 F CITY frP
s
BY Michael Occhiato
Councilperson
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Background Paper for Proposed
RESOLUTION
A 30-0, #lbSrc-)
AGENDA ITEM # I l0
DATE:
December 12, 2005
DEPARTMENT: OFFICE OF THE CITY MANAGER
DAVE GALLI, CITY MANAGER
DOUG FITZGERALD, ASSISTANT CITY MANAGER
TITLE
A RESOLUTION AUTHORIZING THE TRANSFER OF $2,606.50 FROM THE
CONTINGENCIES ACCOUNT IN THE 2005 GENERAL FUND BUDGET TO
THE OUT OF CYCLE REQUESTS TO FUND EXPENSES INCURRED BY THE
PUEBLO ECONOMIC DEVELOPMENT FOUNDATION, INC. RELATING TO
MINNEQUA INDUSTRIAL PARK CAPITAL IMPROVEMENT PROJECTS
ISSUE
The Pueblo Economic Development Foundation incurred costs relating to capital
improvement projects in the Minnequa Industrial Park. The costs are related to
the property insurance for the Minnequa Industrial Park.
RECOMMENDATION
Approval of the Resolution
FINANCIAL IMPACT
Funds in the amount of $2,606.50 will be transferred from the Contingencies
Account in the 2005 General Fund Budget (see attached spreadsheet for the
balance in the Contingencies Account).