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HomeMy WebLinkAbout12137 RESOLUTION NO. 12137 A RESOLUTION TRANSFERRING FUNDS FROM CAPITAL PROJECT PB0602 – SOUTHSIDE FIRE STATION (FIRE STATION NO. 9) TO CAPITAL PROJECT NO. PB0603 – MINNEQUA FIRE STATION (FIRE STATION NO. 4) WHEREAS, funds were budgeted and appropriated for the construction of Fire Station No. 9 and; WHEREAS, the construction of Fire Station No. 9 has been completed, and; WHEREAS, there is a remaining balance of $91,826.68 in the account that would benefit the construction of Fire Station No. 4, and; BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $91,826.68 shall be transferred from PB0602 – Southside Fire Station (Fire Station No. 9) to PB0603 – Minnequa Fire Station (Fire Station No. 4). INTRODUCED: May 9, 2011 BY: Leroy Garcia COUNCILPERSON Background Paper for Proposed R ESOLUTION DATE: MAY 9, 2011AGENDA ITEM # M-4 DEPARTMENT: PUBLIC WORKS DIRECTOR – EARL WILKINSON, P.E. TITLE A RESOLUTION TRANSFERRING FUNDS FROM CAPITAL PROJECT PB0602 – SOUTHSIDE FIRE STATION (FIRE STATION NO. 9) TO CAPITAL PROJECT NO. PB0603 – MINNEQUA FIRE STATION (FIRE STATION NO. 4) ISSUE Should City Council transfer the remaining funds from the construction of Fire Station No. 9 to Capital Project PB0603 – Minnequa Fire Station for the construction of Fire Station No. 4? RECOMMENDATION Approval of this Resolution. BACKGROUND Funding in the amount of $2,000,000 has been previously budgeted and appropriated for the construction of two fire stations in two separate accounts. Fire Station No. 9 has been constructed and was placed into service in July 2010. From that initial funding, there remains $91,826.68 which needs to be transferred into the Fire Station No. 4 account (PB0603) for the construction of that station. FINANCIAL IMPACT Funds in the amount of $91,826.68 will be transferred from PB0602 – Southside Fire Station to PB0603 – Minnequa Fire Station.