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Background Paper for Proposed
R
ESOLUTION
DATE: June 25, 2012 AGENDA ITEM # M-3
DEPARTMENT:
PARKS AND RECREATION
CREIGHTON WRIGHT, DIRECTOR
TITLE
A RESOLUTION AUTHORIZING THE TRANSFER OF $6,253 FROM PROJECT NO.
LT1006 – KIDDIE RIDE ENHANCEMENTS, TO PROJECT NO. LT1204 – HISTORIC
CAROUSEL REPAIR
ISSUE
Should City Council authorize the transfer of funds in the amount of $6,253 from Project
No. LT1006 – Kiddie Ride Enhancements, to Project No. LT1204 – Historic Carousel
Repair to complete Project No. LT1204?
RECOMMENDATION
Approval of this Resolution.
BACKGROUND
The budget for Project No. LT1204 - Historic Carousel Repair was $75,000. The actual
cost to complete the project will be approximately $81,253. In order to have enough
funds available for the completion of Project No. LT1204, funding from another active
CTF project would need to be transferred. Project No. LT1006 – Kiddie Ride
Enhancement, which was created to fund the repair of the City Park Train, has a current
balance of $10,345.
FINANCIAL IMPACT
No financial impact. Both projects are funded with Conservation Trust Funds (Lottery).
RESOLUTION NO. 12437
A RESOLUTION AUTHORIZING THE TRANSFER OF
$6,253 FROM PROJECT NO. LT1006 – KIDDIE RIDE
ENHANCEMENTS, TO PROJECT NO. LT1204 – HISTORIC
CAROUSEL REPAIR
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Funds in the amount of $6,253 shall be transferred from LT1006 – Kiddie Ride
Enhancement, to LT1204 - Historic Carousel Repair.
SECTION 2.
This Resolution shall become effective immediately upon passage and approval.
INTRODUCED: June 25, 2012
BY: Sandy Daff
COUNCIL PERSON