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HomeMy WebLinkAbout12155RESOLUTION NO. 12155 A RESOLUTION TRANSFERRING FUNDS FROM CAPITAL PROJECT CP0802 – PEAKS TO PRAIRIE MATCH TO CAPITAL PROJECT SW1003 – FOUNTAIN CREEK WATER QUALITY PROJECT WHEREAS, funds were budgeted and appropriated in Capital Project CP0802for a cash match to the Peaks to Prairie Great Outdoors Colorado (GOCO) grant for acquisition of conservation easements along Fountain Creek by Colorado Open Lands, and; WHEREAS, the GOCO grant contract has been completed by Colorado Open Lands in 2010, and; WHEREAS, there is a remaining balance of $49,514 in CP0802that would benefit the construction of two water quality demonstration projects along Fountain Creek within the City of Pueblo, and; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $49,514 shall be transferred from CP0802 – Peaks to Prairie – Match to SW1003 – Fountain Creek Water Quality Project. INTRODUCED May 23, 2011 BY: Chris Kaufman COUNCILPERSON Background Paper for Proposed RESOLUTION DATE: MAY 23, 2011AGENDA ITEM # M-4 DEPARTMENT: PUBLIC WORKS DIRECTOR - EARL WILKINSON, P.E. TITLE A RESOLUTION TRANSFERRING FUNDS FROM CAPITAL PROJECT CP0802 – PEAKS TO PRAIRIE MATCH TO CAPITAL PROJECT SW1003 – FOUNTAIN CREEK WATER QUALITY PROJECT ISSUE Should City Council transfer funds from the Peaks to Prairie grant matching funds to Capital Project SW1003 – Fountain Creek Water Quality Project for the construction of two water quality demonstration projects on Fountain Creek within the City of Pueblo? RECOMMENDATION Approval of this Resolution. BACKGROUND The Peaks to Prairie funds were appropriated as a cash match for a Great Outdoors Colorado (GOCO) grant to assist Colorado Open Lands in the acquisition of conservation easements along Fountain Creek. The grant contract with GOCO has been closed by Colorado Open Lands with the remaining matching funds not able to be utilized. The remaining $49,514 in CP0802 is proposed to be transferred to Capital Project SW1003 for additional funding to complete the Fountain Creek Water Quality projects. The funds will assist in the construction of an off-channel detention/wetland area east of the Northside Walmart and the installation of a 30-foot long bedload sediment collector 2,200 feet north of the confluence of Fountain Creek and the Arkansas River. FINANCIAL IMPACT Funds in the amount of $49,514will be transferred from CP0802 – Peaks to Prairie Match to SW1003 – Fountain Creek Water Quality Project. The additional funds will increase the budget in the SW1003 – Fountain Creek Water Quality Project to $599,514.