HomeMy WebLinkAbout10772RESOLUTION NO. 10772
A RESOLUTION AUTHORIZING THE TRANSFER OF $101,000 FROM THE PROJECTS TO BE
DETERMINED ACCOUNT IN THE 2006 HARP LAND SALES FUND TO REIMBURSE THE HARP
AUTHORITY FOR ASBESTOS REMOVAL AT THE MUNICIPAL COURT AND THE RELOCATION
OF A PEDESTRIAN LIGHT
WHEREAS, it has been determined that the Municipal Court building contains significant
amounts of asbestos requiring removal, and
WHEREAS, recent construction on the Historic Arkansas Riverwalk has necessitated the
relocation of a pedestrian light located near the project site, and
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The transfer of $101,000 from the Projects to be Determined account in the HARP Land
Sales Fund is hereby approved.
SECTION 2.
Said funds shall be used for the purpose of reimbursing the HARP Authority for costs
incurred for the removal of asbestos from the Municipal Court building and the relocation of the
pedestrian light located near the HARP project site.
INTRODUCED July 10, 2006
BY Randy Thurston
Councilperson
APPROVED:
President of City Council
ATTESTED BY:
CITY CLERK
Y /0772
-
= 10 WO "
Background Paper for Proposed
RESOLUTION
AGENDA ITEM# 3
DATE: JULY 10, 2006
DEPARTMENT: CITY MANAGER
DAVID J. GALLI, CITY MANAGER
DOUGLAS M. FITZGERALD, ASST. CITY MANAGER
TITLE
A RESOLUTION AUTHORIZING THE TRANSFER OF $101,000 FROM THE
PROJECTS TO BE DETERMINED ACCOUNT IN THE 2006 HARP LAND SALES
FUND TO REIMBURSE THE HARP AUTHORITY FOR ASBESTOS REMOVAL AT
THE MUNICIPAL COURT AND THE RELOCATION OF A PEDESTRIAN LIGHT
ISSUE
Should funds in the amount of $101,000 be transferred for the purpose of reimbursing the
HARP Authority for expenses associated with asbestos removal at the Municipal Court
and the relocation of a pedestrian light?
RECOMMENDATION
Approval of this Resolution.
The demolition of the current Municipal Court will be necessary for the HARP Phase III
expansion. After close inspection, it has been determined that the Court building
contains significant amounts of asbestos which will result in a much higher cost for
demolition than previously estimated. The new estimates for demolition are
approximately $100,000. The HARP Authority has requested that the costs incurred for
the demolition of the building be reimbursed to them from the HARP Land Sales fund.
As a result of the Anzuini project on the Historic Arkansas Riverwalk, it became
necessary to relocate the pedestrian light located near the site of the project. The
estimated cost to relocate this light is $1,800. The HARP Authority has requested that
this amount be reimbursed to them from the HARP Land Sales fund.
FINANCIAL IMPACT
The estimated cost of the demolition and pedestrian light relocation is $101,800.
However, there is currently only $101,000 available in the HARP Land Sales fund.
HARP Land Sales
Fund Recap
June 29, 2006
REVENUE
Proceeds -Lot 1 /Anzuini
Proceeds -Lot 2 /PBR
Interest earnings
Total Received:
EXPENDITURES
200,072
207,000
6,835
413,907
Cash Advance to HARP 25,000
Riverwalk Caf6 127,896
Commitment for Municipal
Court relocation 160,000
Total Expenditures: 312,896
BALANCE AVAILABLE 101,011