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Background Paper for Proposed
ORDINANCE
AGENDA ITEM # R-3
DATE: February 27, 2012
DEPARTMENT: PARKS AND RECREATION
CREIGHTON WRIGHT, DIRECTOR
TITLE
AN ORDINANCE BUDGETING, APPROPRIATING AND TRANSFERRING THE
AMOUNT OF $168,832 FROM HONOR FARM ENTERPRISE REVENUE RECEIVED
FROM COLORADO SPRINGS UTILITIES FOR THE SOUTHERN DELIVERY SYSTEM
EASEMENT
ISSUE
Should the City Council approve an Ordinance budgeting, appropriating and transferring
$168,832 of the funds received from the City of Colorado Springs as payment for the
Southern Delivery System easement across the Honor Farm Properties?
RECOMMENDATION
Approval of the Ordinance.
BACKGROUND
In January of 2012, the City received the amount of $198,900 from the City of Colorado
Springs as payment for the Southern Delivery System easement which runs across the
Honor Farm properties. This Ordinance will budget and appropriate a portion of those
funds to the following projects:
HF1101 Bleachers at Honor Farm Drag Strip $100,000
CI0139 In-Stream (RICD) Water Rights $ 38,832
CIAN20 City Building Repairs $ 30,000
The Honor Farm Bleacher Project requires an increase in funding of $100,000, to a total
of $202,000, for the purchase and installation of new bleacher seating for the Drag Strip
at Pueblo Motorsports Park. The In-Stream Water Rights and City Building Repairs
projects were both decreased from the original appropriation as part of the additional
funding needed for the City Hall renovation project. This Ordinance will restore the
original funding for those two projects.
FINANCIAL IMPACT
The proceeds from the City of Colorado Springs will exceed the appropriations detailed
above by the amount of $30,068. This amount will provide additional funding for
operating expenses in the Honor Farm Properties enterprise fund.
ORDINANCE NO. 8458
AN ORDINANCE BUDGETING, APPROPRIATING AND
TRANSFERRING THE AMOUNT OF $168,832 FROM
HONOR FARM ENTERPRISE REVENUE RECEIVED
FROM COLORADO SPRINGS UTILITIES FOR THE
SOUTHERN DELIVERY SYSTEM EASEMENT
WHEREAS, funds in the amount of $198,900 were received from the City of
Colorado Springs for payment of an easement across the Honor Farm Properties; and
WHEREAS, additional funds are needed to complete certain capital projects of
the City of Pueblo, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Funds in the amount of $168,832 are hereby budgeted, appropriated and
authorized for transfer from revenues of the Honor Farm Properties enterprise fund to
increase the following capital projects:
HF1101 Honor Farm Bleacher Project $100,000
CI0139 In-Stream (RICD) Water Rights $ 38,832
CIAN20 City Building Repairs $ 30,000
SECTION 2.
This Ordinance shall become effective upon final passage and approval.
INTRODUCED: February 27, 2012
BY: Judy Weaver
COUNCIL PERSON
PASSED AND APPROVED: March 26, 2012