HomeMy WebLinkAbout12530RESOLUTION NO. 12530 A RESOLUTION AUTHORIZING THE TRANSFER OF $500,000 FROM PROJECT NO. WW1199, PROJECTS TO BE DETERMINED, TO PROJECT NO. WWAN03, ANNUAL POINT REPAIRS BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $500,000 shall be transferred from WW1199, Projects To Be Determined, to WWAN03, Annual Point Repairs. SECTION 2. This Resolution shall become effective immediately upon passage and approval. INTRODUCED: October 22, 2012 BY: Sandy Daff COUNCIL PERSON Background Paper for Proposed RESOLUTION DATE: October 22, 2012 AGENDA ITEM # Q-2 DEPARTMENT: WASTEWATER DEPARTMENT GENE MICHAEL, DIRECTOR TITLE A RESOLUTION AUTHORIZING THE TRANSFER OF $ 500,000 FROM PROJECT NO. WW1199, PROJECTS TO BE DETERMINED, TO PROJECT NO. WWAN03, ANNUAL POINT REPAIRS ISSUE Should the City Council authorize the transfer of funds in the amount of $500,000 from project No. WW1199, Projects To Be Determined, to Project No. WWAN03, Annual Point Repairs? RECOMMENDATION Approve this Resolution. BACKGROUND The Wastewater Department has become aware of several sanitary sewer mains that will need emergency repair before the end of 2012. The current project balance for Annual Point Repairs is inadequate for these additional repairs. In order to have enough funds available, funding in amount of $500,000 will need to be transferred from WW1199, Projects To Be Determined to WWAN03, Annual Point Repairs. FINANCIAL IMPACT No financial impact.