HomeMy WebLinkAbout11461RESOLUTION NO. 11461
A RESOLUTION APPROVING THE UNENCUMBERING OF
REMAINING FUNDS IN COMPLETED AND ABANDONED
PROJECTS IN THE 1992 -2011 SALES AND USE TAX CAPITAL
IMPROVEMENT PROJECTS FUND.
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Funds previously budget and remaining in the following projects are removed
from the project budgets and returned to the unencumbered pool of funds in the 1992-
2011 Sales and Use Tax Capital Improvement Projects Fund:
Adam Aircraft
$291,544
Shell Hanger
101,357
Blitz Hanger Corrective
53,066
Blitz Hanger Improvement
3,273
Bldg Exp -31841 Excellence Ave
6,200
Lot 8 Purchase
273,000
Shell Buildings 11 & 12
71,197
Vercuity
262,867
Total $1,062,504
RFrTInN 9
It has been determined that these projects are either completed or have been
abandoned.
SECTION 3.
This Resolution shall become effective upon final approval and adoption.
BY Vera Ortegon
Councilperson
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INTRODUCED November 24, 2008
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Background Paper for Proposed
RESOLUTION
AGENDA ITEM # 1
DATE: NOVEMBER 24, 2008
DEPARTMENT: Robert F. Hain, Finance Director
TITLE
A RESOLUTION APPROVING THE UNENCUMBERING OF REMAINING FUNDS IN
COMPLETED AND ABANDONED PROJECTS IN THE 1992 -2011 SALES AND USE
TAX CAPITAL IMPROVEMENT PROJECTS FUND.
ISSUE
Should City Council approve the removal of unused funds from the project accounts in
the 1992 -2011 Sales and Use Tax Capital Improvement Projects Fund?
RECOMMENDATION
Approve this action.
BACKGROUND
Certain projects for which the City has committed funds have been completed or have
been abandoned. This action removes that commitment and replenishes these funds
back to the pool of uncommitted funds in the 1992 -2011 Sales and Use Tax Capital
improvement Fund.
FINANCIAL IMPACT
Funds being unencumbered
Adam Aircraft
$291,544
Shell Hanger
101,357
Blitz Hanger Corrective
53,066
Blitz Hanger Improvement
3,273
Bldg Exp -31841 Excellence Ave
6,200
Lot 8 Purchase
273,000
Shell Buildings 11 & 12
71,197
Vercuity
262,867
Total $1,062,504