HomeMy WebLinkAbout08281Substituted Copy
November 17, 2010
ORDINANCE NO. 8281
AN ORDINANCE BUDGETING AND APPROPRIATING THE AMOUNT OF
$2,900,000 PARTIAL PAYMENT IN LIEU OF SALES AND USE TAX, AND
AUTHORIZING THE TRANSFER OF $3,500,000 FROM CAPITAL PROJECT NO.
CP0922, BLACK HILLS "PROJECTS TO BE DETERMINED", FOR COSTS
RELATED TO LAKE MINNEQUA FOOTBALL FIELDS ($1.1M), SOFTBALL
TH
COMPLEX ($1.1M), WEST 11 STREET BRIDGE REPLACEMENT ($600K),
BLACK RHINO EXHIBIT AT PUEBLO ZOO ($350K), POLICE DEPARTMENT
UNMARKED VEHICLE REPLACEMENTS ($200K), PARK MAINTENANCE
EQUIPMENT ($150K)
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The $2.9 million partial payment in lieu of sales and use tax received from Black Hills Energy
pursuant to the Pre-Annexation Agreement dated December 28, 2009, is hereby budgeted and
appropriated for the purpose of capital projects to be determined, and are hereby authorized to
be transferred to the Capital Improvement Fund, Capital Project No. CP0922, for such purpose.
SECTION 2.
Total funds in the amount of $3,500,000 are hereby transferred from Capital Project No.
CP0922, Black Hills “Projects to be Determined,” to the following projects:
CP1020-PPAL Lake Minnequa Football Fields $1,100,000
CP1021-Softball Complex $1,100,000
th
CP1004-Bridge Replacement-W 11 St $ 600,000
CP1023-Black Rhino Exhibit at Pueblo Zoo $ 350,000
CPAN14-Vehicles & Equipment-Police $ 200,000
CPAN15-Vehicles & Equipment-Parks $ 150,000
SECTION 3.
This Ordinance shall be effective immediately upon passage.
INTRODUCED: November 8, 2010
BY: Judy Weaver
COUNCILPERSON
PASSED AND APPROVED: November 22, 2010
Substituted Copy
November 17, 2010
Background Paper for Proposed
ORDINANCE
DATE: AGENDA ITEM # N-3
November 8, 2010
DEPARTMENT:
OFFICE OF THE CITY MANAGER
JERRY M. PACHECO, CITY MANAGER
JENNY M. EICKELMAN, ASSISTANT CITY MANAGER
TITLE
AN ORDINANCE BUDGETING AND APPROPRIATING THE AMOUNT OF $2,900,000
PARTIAL PAYMENT IN LIEU OF SALES AND USE TAX, AND AUTHORIZING THE
TRANSFER OF $3,500,000 FROM CAPITAL PROJECT NO. CP0922, BLACK HILLS
"PROJECTS TO BE DETERMINED," FOR COSTS RELATED TO LAKE MINNEQUA
TH
FOOTBALL FIELDS ($1.1M), SOFTBALL COMPLEX ($1.1M), WEST 11 STREET
BRIDGE REPLACEMENT ($600K), BLACK RHINO EXHIBIT AT PUEBLO ZOO
($350K), POLICE DEPARTMENT UNMARKED VEHICLE REPLACEMENTS ($200K),
PARK MAINTENANCE EQUIPMENT ($150K)
ISSUE
Should the City Council budget and appropriate the second payment from Black Hills
Energy in the amount of $2,900,000 and authorize the transfer of funds for costs related
to the above projects?
RECOMMENDATION
On August 16, 2010 during a Council work session, the City Council discussed and
directed the staff to draft this ordinance. Approval of Ordinance.
BACKGROUND
Black Hills Energy has paid to the City the total amount of $7.5 million in accordance
with the Pre-Annexation Agreement dated December 28, 2009. The first payment of
$4.6 million was received by the City on December 30, 2009 and was budgeted and
appropriated by Ordinance 7342. The second payment of $2.9 million was received by
the City on September 24, 2010 and will be budgeted and appropriated with this
Ordinance. The total amount was to be placed into a "Projects to be Determined"
account until the annexation was complete and determinations could be made as to the
use of the funds. On July 26, 2010, the City Council approved Resolution No. 11945 to
transfer $3.5 million of the funds to Project No. PL0904-City Hall Interior Renovation.
This Ordinance transfers the remaining $3.5 million of the funds into capital projects as
determined by the City Council and detailed below.
.
FINANCIAL IMPACT
The amount of $3.5 million shall be transferred from Capital Project No. CP0922, Black
Hills "Projects to be Determined" to the following capital projects:
CP1020 Lake Minnequa Football Fields $1,100,000
CP1021 Softball Complex $1,100,000
th
CP1004 Bridge Replacement-West 11 St. $ 600,000
CP1023 Black Rhino Exhibit at Pueblo Zoo $ 350,000
CPAN14 Vehicles & Equipment-Police $ 200,000
-Unmarked Vehicle Replacement
CPAN15 Vehicles & Equipment-Parks $ 150,000
TOTAL COST $3,500,000