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HomeMy WebLinkAbout10645RESOLUTION NO. 10645 A RESOLUTION APPROVING A FINANCIAL ASSISTANCE AWARD AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND THE U.S. DEPARTMENT OF COMMERCE, ECONOMIC DEVELOPMENT ADMINISTRATION RELATING TO THE HISTORIC ARKANSAS RIVERWALK OF PUEBLO – PHASE III A -1 AND AUTHORIZING THE PRESIDENT OF THE COUNCIL TO EXECUTE SAME WHEREAS, the City of Pueblo approved the submittal of a $1,000,000 federal assistance to the grant application to the U.S. Department Of Commerce, Economic Development Administration (EDA) for the HARP Phase III A -1 project, Resolution No. 10586; and WHEREAS, the City of Pueblo has received approval for the funds from EDA, subject to the execution of an agreement. BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO. that: SECTION 1. The Financial Assistance Award Agreement between the City of Pueblo, a Municipal Corporation, and the U.S. Department Of Commerce, EDA for the HARP Phase III A -1 construction, a copy of which is attached hereto having been approved as to form by the City Attorney, is hereby approved. SECTION 2. The President of the City Council is hereby authorized to execute and deliver the agreement on behalf of the City of Pueblo, a Municipal Corporation, and the City Clerk shall affix the seal of the City thereto and attest same. INTRODUCED February 13, 2006 BY Jeff Chostner Councilperson APPROVED: — , President of City Council ATTESTED BY: CITY CLERK R;:so 10(,45 D �1 �J 2C IE: D ) Background Paper for Proposed Resolution AGENDA ITEM # DATE: FEBRUARY 13, 2006 DEPARTMENT: COMMUNITY DEVELOPMENT /JIM MUNCH PLANNING DEPARTMENTMIM MUNCH TITLE A RESOLUTION APPROVING A FINANCIAL ASSISTANCE AWARD AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND THE U.S. DEPARTMENT OF COMMERCE, ECONOMIC DEVELOPMENT ADMINISTRATION RELATING TO THE HISTORIC ARKANSAS RIVERWALK OF PUEBLO — PHASE III A- 1 AND AUTHORIZING THE PRESIDENT OF THE COUNCIL TO EXECUTE SAME ISSUE Should the City Council approve the financial assistance award agreement with the U.S. Department of Commerce, Economic Development Administration (EDA), to fund a portion of the construction of Phase III A -1 of the Historic Arkansas Riverwalk of Pueblo (HARP)? RECOMMENDATION Approve the Resolution. BACKGROUND On February 1, 2005 the HARP Foundation submitted a preapplication to the Denver Regional Office of the Economic Development Administration to assist in the funding of Phase III A -1 of the HARP Gateway Park extension to the Convention Center. On November 30, 2005 the City, as the owner of the HARP project, and the Foundation were invited to submit a joint application to fund a portion of Phase III A -1 in the amount of $1,000,000. On December 12, 2005, per Resolution No. 10586, City Council approved the submittal of the application to EDA. Phase III, the Gateway Park extension of the HARP project to the Convention Center, is estimated to cost $7.3 million. The EDA portion of Phase III A -1, when matched with other committed funds (see below), will allow the construction of a portion of Phase III A -1 including preparation of the construction drawings; subsurface infrastructure and utility improvements; channel extension and attached walkway and landscaping. The estimated budget for this work, including contingency, is $3,080,568. Prior to construction under this EDA project, the City will relocated the Court's operation at an estimated cost of $150,000 and demolish the existing Court's building. The demolishing will be funded by the HARP Foundation. FINANCIAL IMPACT A breakdown for funding the project is listed below: $1,000,000 Economic Development Administration (EDA) 661,000 Department of Local Affairs 500,000 Great Outdoors Colorado 219,000 City of Pueblo 650,568 HARP Foundation ($100,000 per Ordinance No. 6844) 50,000 Pueblo Urban Renewal Authority (per Ordinance No. 6844) $3,080,568" Total EDA Budget & Construction Cost for Phase IIIA -1 "This includes funds already expended for schematic design ($150,000) and final design ($246,900) development for HARP III A -1. FORM Co-45a U.S. DEPARTMENT OF COMMERCE ® GRANT ❑ COOPERATIVE (REV 1493) MO 203 -2e AGREEMENT ACCOUNTING CODE FINANCIAL ASSISTANCE AWARD RECIPIENT NAME AWARD NUMBER City of Pueblo 05 -01 -04239 RECIPIENT NAME The Historic Arkansas Riverwalk of Pueblo Foundation STREET ADDRESS FEDERAL SHARE OF COST No. 1 City Hall Place $1,000,000 CITY, STATE, ZIP CODE RECIPIENT SHARE OF COST Pueblo, Colorado 81003 -3262 $2,080,568 AWARD PERIOD TOTAL ESTIMATED COST Date of Approval to 60 months after Date of Approval $3,080,568 AUTHORITY 42 U.S.C. 3121, et. seq, as amended by the Economic Development Administration Reauthorization Act of 2004, Pub. L. No.108 -373 CFDA NO. AND PROJECT TITLE: 11.300 /Public Works and Development Facilities /Construction of Phase 111 A -1 (Gateway Park) of the Historic Arkansas Riverwalk of Pueblo This Award approved by the Grants Officer is issued in triplicate and constitutes an obligation of Federal funding. By signing the three documents, the Recipients agree to comply with the Award provisions checked below, and attached. Upon acceptance by the Recipient, two signed Award documents shall be returned to the Grants Officer and the other document shall be retained by the Recipients. If not signed and returned by the Recipients within 30 days of receipt, the Grants Officer may unilaterally terminate this award. ® Department of Commerce Financial Assistance Standard Terms and Conditions ® Special Award Conditions ® Line Item Budget ® 15 CFR Part 14, Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, Other Non - Profit and Commercial Organizations ® 15 CFR Part 24, Uniform Administrative Requirements for Grants and Agreements with State and Local Governments ® OMB Circular A -87, Cost Principles for State, Local, and Indian Tribal Governments ® OMB Circular A -133, Audits of States, Local Governments, and Non - Profit Organizations ❑ OMB Circular A -21, Cost Principles for Educational Institutions ® OMB Circular A -122, Cost Principles for Nonprofit Organizations ❑ Other(s): S4 NATURE RE OF PARTME OF COMMERCE GRANTS OFFICER TITLE DATE Rob rt E. Olson Regional Director December 20, 2005