HomeMy WebLinkAbout11301RESOLUTION NO. 11301
A RESOLUTION AUTHORIZING THE CLOSING OF PROJECT CP0220, EAGLERIDGE PARK
RENOVATION, AND THE TRANSFER OF $104,027.04 OF REMAINING CTF (Lottery) FUNDS
TO PROJECT CP0224, ICE ARENA RENOVATION
WHEREAS, Funds are needed for the rehabilitation of the Ice Arena, and
WHEREAS, Remaining funds in the Eagleridge Park project are insufficient to complete
the project at this time.
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
The City Council hereby authorizes the closing of Project CP0220, Eagleridge Park
Renovation and the immediate transfer of $104,027.04 of CTF (Lottery) Funds from Project
CP0220, Eagleridge Park Renovation to Project CP0224, Ice Arena Renovation Project.
BY Vera Ortegon
Councilperson
APPROVE
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INTRODUCED May 27, 2008
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Background Paper for Proposed
RESOLUTION
AGENDA ITEM # LI
DATE: MAY 27, 2008
DEPARTMENT: FINANCE DEPARTMENT
ROBERT HAIN, FINANCE DIRECTOR
TITLE
A RESOLUTION AUTHORIZING THE CLOSING OF
PROJECT CP0220, EAGLERIDGE PARK RENOVATION,
AND THE TRANSFER OF $104,027.04 OF REMAINING
CTF (Lottery) FUNDS TO PROJECT CP0224, ICE ARENA
RENOVATION.
ISSUE
Should City Council authorize a transfer of the remaining $104,027.04 of CTF funds in
the Eagleridge Park Renovation project to the Ice Arena Renovation project?
RECOMMENDATION
The Staff recommendation is, Approval of Resolution.
BACKGROUND
The transfer of these funds to the Ice Arena Renovation project will allow the project to
continue on schedule.
FINANCIAL IMPACT
This action closes a stagnate project and transfers the remaining CTF (Lottery) funds to
the current Ice Arena Renovation project. The Eagleridge Park Renovation project will
need to be appropriated from future years CTF funds.