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HomeMy WebLinkAbout08405ORDINANCE NO. 8405 AN ORDINANCE APPROPRIATING FUNDS FROM THE CONSERVATION TRUST FUND TO CAPITAL PROJECT NO. CP0912 – PARK AREA – PARK WEST FOR THE COMPLETION OF THE MINERAL PALACE RESTROOM PROJECT WHEREAS, the need to transfer funds from the Fund Balance of the Conservation Trust Fund is necessary to complete current Capital Project No. CP0912 within the Parks and Recreation department; and BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $14,325 shall be transferred from the Conservation Trust Fund into Capital Project No. CP0912 – Park Area – Park West for the completion of the Mineral Palace Park Restroom Project. SECTION 2. This Ordinance will become effective upon final passage and approval. INTRODUCED November 14, 2011 BY: Chris Kaufman COUNCILPERSON PASSED AND APPROVED: November 28, 2011 Background Paper for Proposed ORDINANCE AGENDA ITEM # Q-6 DATE: November 14, 2011 DEPARTMENT: PARKS AND RECREATION CREIGHTON WRIGHT, DIRECTOR TITLE AN ORDINANCE APPROPRIATING FUNDS FROM THE CONSERVATION TRUST FUND TO CAPITAL PROJECT NO. CP0912 – PARK AREA – PARK WEST FOR THE COMPLETION OF THE MINERAL PALACE RESTROOM PROJECT ISSUE Should City Council approve the transfer of $14,324.06 in Conservation Trust Funds to fund the completion of Capital Project No. CP0912 – Park Area – Park West, Mineral Palace Park Restroom project? RECOMMENDATION Approval of this Ordinance. BACKGROUND This past year, the City purchased two prefab restroom buildings from the town of Larkspur, one of which has been recently installed at Mineral Palace Park. These funds are necessary to balance the capital project budget. The funding for this project will come from the Conservation Trust Fund reserves. FINANCIAL IMPACT Conservation Trust Funds in the amount of $14,324.06 will be used to complete this project.