HomeMy WebLinkAbout11286RESOLUTION NO. 11286
A RESOLUTION APPROVING THE TRANSFER OF $41,990 FROM THE USC TRAIL LINK
PROJECT TO THE ARKANSAS RIVER TRAIL PHASE 2 PROJECT AND AMENDING AND
INCREASING THE BUDGET FOR CAPITAL TAL PROJECT NO. ALO601, KNOWN AS THE
ARKANSAS RIVER TRAIL PHASE 2 PROJECT TO $724,890
WHEREAS, the funds originally transferred from the Arkansas River Trail Project for the
USC Trail Link Project have not been expended and are available to be provided for the Arkansas
River Trail Phase 2, and;
WHEREAS, City Council has entered into a Contract with the State Board of the Great
Outdoors Colorado Trust Fund for the Arkansas River Trail Phase 2 (Resolution No. 10762).
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
$41,990 is hereby transferred from the USC Trail Link Project Account PL0204 to the
Arkansas River Trail Phase 2 Project Account AL0601.
SECTION 2.
A $682,900 Capital Improvement Budget for the Arkansas River Trail Phase 2 Project
previously established is hereby increased by the amount of $41,990. All expenses related to such
project shall be paid from Project AL0601.
SECTION 3.
This Resolution shall become effective upon final passage and approval.
INTRODUCED April 28, 2008
aes I19Ap
D D `F ..
ED - -- '
Background Paper for Proposed
RESOLUTION
AGENDA ITEM #
DATE: APRIL 28, 2008
DEPARTMENT: PLANNING AND COMMUNITY DEVELOPMENT
JERRY M. PACHECO, DIRECTOR
TITLE
A RESOLUTION APPROVING THE TRANSFER OF $41,990 FROM THE USC TRAIL
LINK PROJECT TO THE ARKANSAS RIVER TRAIL PHASE 2 PROJECT AND
AMENDING AND INCREASING THE BUDGET FOR CAPITAL PROJECT NO.
AL0601, KNOWN AS THE ARKANSAS RIVER TRAIL PHASE 2 PROJECT TO
$724,890
ISSUE
Should City Council approve the transfer of $41,990 from the USC Trail Link Project to
the Arkansas River Trail Phase 2 Project and increase the budget for the Arkansas
River Trail Phase 2 Project, Capital Project No. AL0601 to $724,890?
RECOMMENDATION
Approval of the Resolution.
BACKGROUND
Funds in the amount of $50,000 were transferred from the Main Street Trail 11 Project to
the USC Trail Link Project Account PL0204. These funds were originally to provide
matching funds for a Great Outdoors Colorado grant that could not be completed due to
the timing of the construction of the new Wastewater Line along the Arkansas River. A
balance of $41,990 is remaining in the USC Trail Link Project after completing the
project that can be utilized to complete the trail improvements for the Arkansas River
Trail including the trail improvements that were deferred from the Main Street Trail 11
Project. This resolution authorizes the transfer of those remaining funds from the USC
Trail Link Project Account PLO204 to the Arkansas River Trail Phase 2, Project No.
AL0601.
The estimated budget for the Arkansas River Trail Phase 2 Project is as follows:
$350,000.00 CDOT Enhancement Grant
$212,900.00 Sanitary Sewer Maintenance Road (trail) Funds
$120,000.00 Great Outdoors Colorado Trust Fund
$ 41,990.00 Transfer from the USC Trail Link Project
$724,890.00 TOTAL COST
City Council has previously approved the grant agreement with the Great Outdoors
Colorado (GOCO) through Resolution No. 10762 dated June 26, 2006 for the $120,000
in GOCO trails construction funds.
FINANCIAL IMPACT
The City will transfer $41,990 from the USC trail link project to the Arkansas River Trail
Phase 2, and utilize $682,900 in funds that have previously been budgeted and
appropriated in the Arkansas River Trail Phase 2 project from funds from the Sanitary
Sewer Enterprise Fund for the replacement of the trail that was removed during the
construction of the sanitary sewer line project in 2003 -04. These funds will be used as
matching funds for the $120,000 of GOCO funds. The project budget will be increased
by $41,990 to reflect the transfer of funds from the USC trail project. The total project
cost will be increased to $724,890.00, The City will be required to maintain the trail
improvements according to the terms and conditions of the GOCO grant agreement.