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HomeMy WebLinkAbout10612RESOLUTION NO. 10612 A RESOLUTION ESTABLISHING CAPITAL PROJECT NO. ED0508, HANGAR IMPROVEMENTS, AND AUTHORIZING THE TRANSFER OF $25,000 WITHIN THE 1992 TO 2006 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECT FUND ( "FUND ") FOR THE PURPOSE TO MAINTAIN AND REPAIR THE BLITZ HANGAR AS A PROSPECTIVE BUILDING FOR A JOB CREATING CAPITAL IMPROVEMENT PROJECT WHEREAS, maintenance and repairs are necessary to the Blitz Hangar for a prospective Capital Improvement Project; and WHEREAS, said costs for maintenance and repair are for the purpose of a prospective Job Creating Capital Improvement Project; and WHEREAS, such costs and expenses should not be paid out of the City's general fund, but will be charged against transferred funds from the 1992 to 2006 Sales and Use Tax Capital Improvement Project Fund to Capital Project No. ED0508 that are reasonably necessary and required for job creating capital improvements. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1 The transfer of $25,000 from the 1992 to 2006 Sales and Use Tax Capital Improvement Project Fund to Capital Project ED0508 is hereby approved. SECTION 2 Said funds shall be used for the purpose of maintaining and repairing the Blitz Hangar for a prospective Job Creating Capital Improvement Project. INTRODUCED December 27, 2005 .. T - C W IL A, V BY Michael Occhiato Councilperson U Background Paper for Proposed RESOLUTION DATE: December 27, 2005 AGENDA ITEM It 5 DEPARTMENT: OFFICE OF THE CITY MANAGER DAVID J. GALLI, CITY MANAGER DOUGLAS M. FITZGERALD, ASSISTANT CITY MANAGER TITLE A RESOLUTION ESTABLISHING CAPITAL PROJECT NO. ED0508, HANGAR IMPROVEMENTS, AND AUTHORIZING THE TRANSFER OF $25,000 WITHIN THE 1992 TO 2006 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECT FUND ( "FUND ") FOR THE PURPOSE TO MAINTAIN AND REPAIR THE BLITZ HANGAR AS A PROSPECTIVE BUILDING FOR A JOB CREATING CAPITAL IMPROVEMENT PROJECT ISSUE Should the City Council approve the transfer of $25,000 for the purpose of maintaining and repairing the Pueblo Airport Blitz Hanger for a prospective capital improvement project? RECOMMENDATION Approval of the Resolution Costs will be incurred for the purpose of maintenance and repair of the Blitz Hangar for a potential new job creating Capital Improvement Project (CIP). The improvements are necessary to meet the needs of a future potential CIP, and the costs are capital improvement in nature and will be paid out of the 1992 -2006 Sales and Use Tax Capital Improvement Project Fund. FINANCIAL IMPACT Funding for payment of these expenses will come from Capital Project No. ED0508 within the 1992 to 2006 Sales and Use Tax Capital Improvement Project Fund in the amount of $25,000.