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.