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RESOLUTION NO. 12448
A RESOLUTION AUTHORIZING THE TRANSFER OF
$17,592 FROM PROJECT NO. LT0224 – ICE ARENA
BOILER SYSTEM, TO PROJECT NO. LT1008 – ICE
ARENA CONCESSION EQUIPMENT
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Funds in the amount of $17,592 shall be transferred from LT0224 – Ice Arena
Boiler System, to LT1008 – Ice Arena Concession Equipment.
SECTION 2.
This Resolution shall become effective immediately upon passage and approval.
INTRODUCED: July 23, 2012
BY: Chris Nicoll
COUNCIL PERSON
Background Paper for Proposed
R
ESOLUTION
DATE: July 23, 2012 AGENDA ITEM # M-2
DEPARTMENT:
PARKS AND RECREATION
CREIGHTON WRIGHT, DIRECTOR
TITLE
A RESOLUTION AUTHORIZING THE TRANSFER OF $17,592 FROM PROJECT NO.
LT0224 – ICE ARENA BOILER SYSTEM, TO PROJECT NO. LT1008 – ICE ARENA
CONCESSION EQUIPMENT
ISSUE
Should City Council authorize the transfer of funds in the amount of $17,592 from
Project No. LT0224 – Ice Arena Boiler System, to Project No. LT1008 – Ice Arena
Concession Equipment to complete Project No. LT1008?
RECOMMENDATION
Approval of this Resolution.
BACKGROUND
The budget for Project No. LT1008 – Ice Arena Concession Equipment was $34,000.
The actual cost to complete the project will be approximately $41,000. The project
included complete renovation of the existing Ice Arena Concession Stand and purchase
of new concession equipment. In order to have enough funds available for the
completion of Project No. LT1008, funding from another active CTF project will need to
be transferred. Project No. LT0224 – Ice Arena Boiler System, which was created to
fund the renovations of the Ice Arena in 2008, has a current balance of $17,592.
FINANCIAL IMPACT
No financial impact. Both projects are funded with Conservation Trust Funds (Lottery).