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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