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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 IF qf=-jA60 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).