HomeMy WebLinkAbout12628RESOLUTION NO. 12628
A RESOLUTION AUTHORIZING THE TRANSFER OF $18,939 OF
COLORADO DEPARTMENT OF LOCAL AFFAIRS GRANT
FUNDS BUDGETED AND APPROPRIATED IN THE DOWNTOWN
WALK/LIVE PLAN PROJECT PL0907 TO THE CITY HALL
INTERIOR RENOVATION PROJECT PL0904, AND
TRANSFERRING $18,939 OF INTEREST EARNINGS OF THE
1992 – 2011 SALES AND USE TAX CAPITAL IMPROVEMENT
PROJECTS FUND BUDGETED AND APPROPRIATED IN THE
CITY HALL INTERIOR RENOVATION PROJECT, PL0904 TO THE
DOWNTOWN WALKABILITY PROJECT NO. PL0907
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Funds in the amount of $18,939 are hereby transferred from Colorado
Department of Local Affairs grant funds budgeted and appropriated in Ordinance No.
8119 approved by City Council on November 23, 2009 for the Downtown Walk/Live
Plan Project, PL0907 to the City Hall Interior Renovation Project PL0904 to be used for
energy conservation construction measures related to the interior renovation of City
Hall.
SECTION 2.
Funds in the amount of $18,939 are hereby transferred from interest earnings of
the 1992 – 2011 Sales and Use Tax Capital Improvement Projects Fund budgeted and
appropriated in Ordinance No. 8047 approved by City Council on August 24, 2009 for
the City Hall Interior Renovation Project, PL0904 to the Downtown Walk/Live Plan
Project, PL0907.
SECTION 3.
This Resolution shall become effective upon passage and approval.
INTRODUCED: March 25, 2013
BY: Chris Nicoll
Background Paper for Proposed
RESOLUTION
DATE: MARCH 25, 2013 AGENDA ITEM # Q-2
DEPARTMENT: PLANNING AND COMMUNITY DEVELOPMENT
JULIE ANN WOODS, AICP/ASLA, DIRECTOR
TITLE
A RESOLUTION AUTHORIZING THE TRANSFER OF $18,939 OF COLORADO
DEPARTMENT OF LOCAL AFFAIRS GRANT FUNDS BUDGETED AND
APPROPRIATED IN THE DOWNTOWN WALK/LIVE PLAN PROJECT PL0907 TO THE
CITY HALL INTERIOR RENOVATION PROJECT PL0904, AND TRANSFERRING
$18,939 OF INTEREST EARNINGS OF THE 1992 – 2011 SALES AND USE TAX
CAPITAL IMPROVEMENT PROJECTS FUND BUDGETED AND APPROPRIATED IN
THE CITY HALL INTERIOR RENOVATION PROJECT, PL0904 TO THE DOWNTOWN
WALKABILITY PROJECT NO. PL0907
ISSUE
Should City Council approve a Resolution authorizing the transfer of $18,939 from the
Downtown Walk/Live Plan Project, PL0907 to the City Hall Interior Renovation Project,
PL0904 (“City Hall Project”) and transfer $18,939 in funds from the City Hall Project to
the Downtown Walk/Live Plan Project, PL0907?
RECOMMENDATION
Approval of the Resolution.
BACKGROUND
The City was a subrecipient of a grant from the Colorado Department of Local Affairs
(DOLA) in the amount of $500,000 to assist in funding energy efficiency improvement in
city-owned public buildings, as well as for the completion of other sustainability/livability
plans and activities. The administrative staff from DOLA notified the City in February
2013 that only energy efficiency “construction” costs for the City Hall interior renovation
will be reimbursed to the City under the terms of the grant agreement. The City has
expended $500,000 in energy efficiency construction improvements on the City Hall
Project that qualify for reimbursement. To date all but $18,939 has been reimbursed to
the City by DOLA. This Resolution transfers $18,939 of the DOLA funds that were
budgeted and appropriated in Ordinance No. 8119, approved by City Council on
November 23, 2009, for the Downtown Walk/Live Plan Project, PL0907 (a non-
construction related project) to the City Hall Project. The budget transfer will allow for
the remainder of the grant funds to be reimbursed to the City. In order to backfill the
portion of the Downtown Walk/Live Plan Project funds that are not eligible to be
reimbursed by the DOLA Grant, an equal amount of funds that were included in
Ordinance No. 8047 approved by City Council on August 24, 2009 for the City Hall
Project will be transferred into the Downtown Walk/Live Project, PL0904. This will allow
for the full grant amount to be reimbursed to the City and provide funding for the
completion of the Downtown Walk/Live Plan Project. The $18,939 in funds being
transferred from the City Hall Project will come from funding provided to the City Hall
Project from interest earnings from the 1992 – 2011 Sales and Use Tax funds (“Sales
and Use Tax Interest”) that were budgeted and appropriated in Ordinance No. 8047,
approved by City Council on August 24, 2009. The Sales and Use Tax Interest is the
funding in the City Hall Project that is not contractually committed either through the
City–County 1-A Projects Agreement or other state and federal grants to be spent for
the City Hall Project.
FINANCIAL IMPACT
This Resolution allows for grant funds currently under contract for the City Hall Project
to be fully reimbursed and for funding to complete the Downtown Walk/Live Plan
Project. No other financial impacts will result from the transfer of funds between the two
projects.