HomeMy WebLinkAbout12474 RESOLUTION NO. 12474 A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS IN THE AMOUNT OF $271,988 FROM PROJECT CP1021, SOFTBALL COMPLEX, TO PL1107, CITY HALL INTERIOR PHASE 2, AND AUTHORIZING EXPENDITURE THEREOF FOR CITY HALL INTERIOR RENOVATION PHASE 2 BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $271,988 shall be transferred from CP1021 Softball Complex to PL1107 City Hall Interior Phase 2. SECTION 2. This Resolution shall become effective immediately upon passage and approval. INTRODUCED: August 27, 2012 BY: Steve Nawrocki COUNCIL PERSON Background Paper for Proposed RESOLUTION DATE:AGENDA ITEM # M-4 AUGUST 27, 2012 DEPARTMENT: PLANNING AND COMMUNITY DEVELOPMENT JERRY M. PACHECO, DIRECTOR TITLE A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS IN THE AMOUNT OF $271,988 FROM PROJECT CP1021, SOFTBALL COMPLEX, TO PL1107, CITY HALL INTERIOR PHASE 2, AND AUTHORIZING EXPENDITURE THEREOF FOR CITY HALL INTERIOR RENOVATION PHASE 2 ISSUE Should the City Council approve a Resolution authorizing the transfer of funds in the amount of $271,988 from Project No. CP1021 Softball Complex to PL1107 City Hall Interior Phase 2 to provide additional funds to assist with the completion of the City Hall Interior Renovation Phase 2 Project? RECOMMENDATION Approval of the Resolution. BACKGROUND The funds from the Softball Complex Project will be utilized to assist in funding the Phase 2, City Hall Interior Renovation Project. The transfer of funds from the Softball Complex Project CP1021 will close out the remaining funds in the project. The funding added to the City Hall Interior Phase 2 will assist in finishing the office spaces for the City Clerk, City Attorney, and City Manager. FINANCIAL IMPACT The Softball Complex funds will be utilized to reduce the amount of other General Funds by $271,988 that would be necessary to complete the second phase of the City Hall Interior Renovation Project.