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HomeMy WebLinkAbout08279 ORDINANCE NO. 8279 AN ORDINANCE BUDGETING, APPROPRIATING AND AUTHORIZING THE TRANSFER OF $25,000 FROM PROJECT NO. DE0901 – EAGLE VIEW SUBDIVISION PHASE II TO PROJECT NO. CPAN10 – STREET RESURFACING FOR THE 2010 ASPHALT STREET RESURFACING PROJECT WHEREAS, funds in the amount of $25,000 have been previously deposited by Pride Builders, LLC, subdivider of the Eagle View Subdivision, into Account No. DE0901 for the purpose of overlaying Aquila Drive and Tierra Berienda; and WHEREAS, Aquila Drive and Tierra Berienda have been overlayed as part of the 2010 Asphalt Street Resurfacing Project currently in progress; BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $25,000 shall be transferred from Project No. DE0901 – Eagle View Subdivision Phase II into Project No. CPAN10 – Street Resurfacing. SECTION 2. The amount of $25,000 is hereby budgeted and appropriated for the 2010 Asphalt Street Resurfacing Project, Capital Project No. CPAN10 to be used for the construction of said project. INTRODUCED: October 25, 2010 BY: Leroy Garcia COUNCILPERSON PASSED AND APPROVED: November 8, 2010 Background Paper for Proposed ORDINANCE DATE: OCTOBER 25, 2010 AGENDA ITEM # R-2 DEPARTMENT: PUBLIC WORKS DIRECTOR – EARL WILKINSON, P.E. TITLE AN ORDINANCE BUDGETING, APPROPRIATING, AND AUTHORIZING THE TRANSFER OF $25,000 FROM PROJECT NO. DE0901 – EAGLE VIEW SUBDIVISION PHASE II TO PROJECT NO. CPAN10 – STREET RESURFACING FOR THE 2010 ASPHALT STREET RESURFACING PROJECT ISSUE Should City Council budget, appropriate, and transfer funds in the amount of $25,000 into Project No. CPAN10 – Street Resurfacing for the 2010 Asphalt Street Resurfacing Project? RECOMMENDATION Approval of this Ordinance. BACKGROUND Pursuant to the Addendum to the Subdivision Improvements Agreement for Eagle View Subdivision dated January 23, 2009, the Subdivider, Pride Builders, LLC, deposited with the City funds in the amount of $25,000 for the future asphaltic overlay of the streets in Phase II of the Eagle View Subdivision, more specifically Aquila Drive and Tierra Berienda. The 2010 Asphalt Street Resurfacing project is currently in progress, and the streets in Phase II of the Eagle View Subdivision have been resurfaced under that contract. FINANCIAL IMPACT Funds in the amount of $25,000 previously deposited with City into Account No. DE0901 for the purpose of overlaying streets in the Eagle View Subdivision shall be transferred into Project No. CPAN10 – Street Resurfacing for the 2010 Asphalt Street Resurfacing Project.