HomeMy WebLinkAbout11178RESOLUTION NO. 11178
A RESOLUTION APPROVING AMENDMENT NO. 1 TO THE FEBRUARY 13, 2006
COOPERATION AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL
CORPORATION, AND THE HARP FOUNDATION, A COLORADO NONPROFIT
CORPORATION, RELATING TO THE FUNDING OF THE HISTORIC ARKANSAS
RIVERWALK OF PUEBLO — PHASE III A -1 PROJECT AND AUTHORIZING THE PRESIDENT
OF THE COUNCIL TO EXECUTE SAME
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1 _
Amendment No. 1 to the February 13, 2006 Cooperation Agreement, between the City
and HARP Foundation, relating to the funding for construction of the HARP Phase IIIA -1
Project, 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
Amendment No. 1 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 December 31, 2007
BY Randy Thurston
Councilperson
APPROVED: a
#? ESIDEINTof City Council
ATTESTED BY:
CITY CLERK
Res .11 "b
N IN E400 E •
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Background Paper for Proposed
RESOLUTION
AGENDA ITEM # .
DATE: DECEMBER 31, 2007
DEPARTMENT: JERRY M. PACHECO, ASSISTANT CITY MANAGER FOR
COMMUNITY DEVELOPMENT
TITLE
A RESOLUTION APPROVING AMENDMENT NO. 1 TO THE FEBRUARY 13, 2006
COOPERATION AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL
CORPORATION, AND THE HARP FOUNDATION, A COLORADO NONPROFIT
CORPORATION, RELATING TO THE FUNDING OF THE HISTORIC ARKANSAS
RIVERWALK OF PUEBLO — PHASE III A -1 PROJECT AND AUTHORIZING THE
PRESIDENT OF THE COUNCIL TO EXECUTE SAME
ISSUE
Should the City Council approve Amendment No. 1 to a Cooperation Agreement
between the City of Pueblo and the HARP Foundation relating to the funding for the
construction of Phase IIIA -1 of the Historic Arkansas Riverwalk of Pueblo project?
RECOMMENDATION
Approval of the Resolution.
BACKGROUND
On February 13, 2006 the City and the HARP Foundation entered into a Cooperation
Agreement outlining the funding requirements for the construction of the HARP Phase
ILIA -1 project. During the construction process over the past year, the funding sources
have changed through fund raising efforts by the HARP Foundation. This Amendment
No. 1 identifies those funding changes.
FINANCIAL IMPACT
There is no financial impact to the City of Pueblo.
AMENDMENT NO. 1
THIS AMENDMENT NO. 1 to the February 13, 2006 Cooperation Agreement, between
Pueblo, a Municipal Corporation ( "City") and the HARP Foundation, a Colorado nonprofit
corporation ( "Foundation") for the construction of Phase IIIA -1 of the Historic Arkansas
Riverwalk of Pueblo Project ( "Agreement "), WITNESSETH:
WHEREAS, the City and the HARP Foundation desire to amend the "Agreement"
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the City
and Foundation agree as follows:
A. Paragraph No. 4 of the Agreement is amended to read as follows:
4. City and Foundation agree that the funding for construction of the Project is as follows:
Economic Development Administration (EDA) $1,000,000
Department of Local Affairs to the City 900,000
Great Outdoors Colorado to the City 500,000
HARP Foundation 750,568
HUD Special Projects Grant 118,800
HARP Foundation (through a donation by the BOWW) 77,000
Pueblo Urban Renewal Authority 50,000
Total Cost $3,396,368
B. Paragraph No. 12 of the Agreement is amended to read as follows:
12. The Foundation has secured and made available or will make available the following
in -kind contributions for the construction of the project:
Aquila
$100,000
GCC/LaFarge
70,000
Beltramo and Sons
45,200
T &T Electric
10,000
C &C Sand and Stone
5,500
Summit Brick and Tile
20,000
Haddonstone
2,000
Southside Landscaping
13,000
GS Masonry 2,000
ML Strasia & Sons 10,000
Montano Concrete 2,500
Total Value of In -Kind Contributions $280,200
Executed at Pueblo, Colorado, as of December 31, 2007.
[SEAL]
PUEBLO, A MUNICIPAL CORPORATION
Attest: By Cad4 1K
City k Presid4ent of thd City Council
[SEAL]
Attest: � � B
Secretary
HARP FOUNDATION
F
President