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HomeMy WebLinkAbout12438 Background Paper for Proposed R ESOLUTION AGENDA ITEM # M-4 DATE: June 25, 2012 DEPARTMENT: DEPARTMENT OFAVIATION MARK LOVIN, DIRECTOR TITLE A RESOLUTION TRANSFERING $21,578 FROM PROJECT AP0902–FUEL FARM CONTAINMENT AND $22,499 FROM PROJECT AP1003–TRAINING RUNWAY TO PROJECT AP1202–TRAINING RUNWAY PHASE II ISSUE Should City Council approve the transfer of funds from various projects to Project AP1202–Training Runway Phase II? RECOMMENDATION Approval of this Resolution. BACKGROUND Matching funds are needed in Project AP1202–Training Runway Phase II. Excess funds are available in Project AP0902–Fuel Farm Containment and Project AP1003– Training Runway. These funds will be used for the City’s matching funds for Phase II of the Training Runway project. FINANCIAL IMPACT The following funds will be transferred to Project AP1202 – Training Runway Phase II: Project AP0902 – Fuel Farm Containment $21,578 Project AP1003 – Training Runway $22,499 RESOLUTION NO. 12438 A RESOLUTION TRANSFERING $21,578 FROM PROJECT AP0902–FUEL FARM CONTAINMENT, AND $22,499 FROM PROJECT AP1003–TRAINING RUNWAY TO PROJECT AP1202–TRAINING RUNWAY PHASE II WHEREAS, funds are needed in Project AP1202–Training Runway Phase II; and WHEREAS, funds are available in Project AP0902–Fuel Farm Containment and Project AP1003–Training Runway; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The transfer of $21,578 from Project AP0902–Fuel Farm Containment and $22,499 from Project AP1003–Training is hereby authorized. INTRODUCED: June 25, 2012 BY: Sandy Daff COUNCIL PERSON