HomeMy WebLinkAbout12003RESOLUTION NO. 12003
A RESOLUTION TRANSFERRING $30,000 FROM THE 1992-
2011 SALES AND USE TAX CAPITAL IMPROVEMENT
PROJECTS FUND FOR DESIGN OF A SHELL BUILDING,
PROJECT NO. ED1001 PEDCO PROJECT
WHEREAS, pursuant to Ordinances No. 5668 and 5978 adopted by the registered
electors of the City of Pueblo, City Council was authorized to establish criteria, standards,
rules and regulations for the appropriation and expenditure of funds from the 1992-2011
Sales and Use Tax Capital Improvement Projects Fund (the "Fund") for primary job-creating
capital improvement projects; and
WHEREAS, pursuant to such authority, City Council adopted Ordinances No. 6381,
7583 and 7836 establishing such regulations and criteria (the "Standards and Criteria"); and
WHEREAS, pursuant to the Standards and Criteria, City Council is authorized to
make expenditures from the Fund for the construction of shell buildings or for the
remodeling or renovation of existing buildings for the purposes of making them available to
applicants who meet the Standards and Criteria; and
WHEREAS, the Council finds there is a need to construct a shell building within the
central core of the City, and in connection therewith, to undertake conceptual and
preliminary design thereof to meet the needs of applicants who meet the Standards and
Criteria; and
WHEREAS, the Pueblo Economic Development Corporation, a Colorado Nonprofit
Corporation ("PEDCO") is willing and able to contract for professional design services for
the conceptual and preliminary design of the shell building; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Funds in the amount of $30,000 are hereby authorized to be transferred to Project
No. ED1001 and expended and made available to PEDCO out of the Fund for the sole
purpose of providing or contracting for professional design services for the conceptual and
preliminary design of a shell building in the central core of the City. The funds authorized to
be transferred and expended shall be released and paid by the Director of Finance to or for
the benefit of PEDCO after receipt by the Director of Finance of written requests for
payment with documentation that PEDCO has extended funds for such professional
services.
SECTION 2.
In any contract entered into by PEDCO for the professional design services
contemplated herein, PEDCO shall provide that the plans and work product produced shall
be freely assignable to the City and upon assignment shall become the sole property of the
City.
SECTION 3.
The officers and employees of the City are directed and authorized to perform any
and all acts consistent with this Resolution which may be necessary and required to
effectuate the design services for the shell building.
SECTION 4.
This Resolution shall become effective upon passage and approval.
INTRODUCED: October 12, 2010
BY: Ray Aguilera
COUNCILPERSON
Background Paper for Proposed
RESOLUTION
DATE: AGENDA ITEM # R-1
October 12, 2010
DEPARTMENT:
Law Department
Thomas J. Florczak, City Attorney
TITLE
A RESOLUTION TRANSFERRING $30,000 FROM THE 1992-2011 SALES AND USE
TAX CAPITAL IMPROVEMENT PROJECTS FUND FOR DESIGN OF A SHELL
BUILDING, PROJECT NO. ED1001 PEDCO PROJECT
ISSUE
Should City Council transfer $30,000 from the 1992-2011 Sales and Use Tax Capital
Improvement Projects Fund (the "Fund") for conceptual design of a shell building in the
core of the City?
RECOMMENDATION
PEDCO recommends approval.
BACKGROUND
PEDCO is working with one or more prospects who require a facility in the downtown
core of City. This Resolution authorizes transfer of $30,000 to Project No. ED1001
PEDCO Project for professional services for the conceptual/preliminary design of a shell
building, which is an authorized use of the Fund.
FINANCIAL IMPACT
This Resolution will obligate $30,000 from the Fund.