HomeMy WebLinkAbout08635ORDINANCE NO. 8635
AN ORDINANCE BUDGETING AND APPROPRIATING
FUNDS IN THE AMOUNT OF $14,549 AND INCREASING
THE TOTAL AMOUNT IN CAPITAL PROJECT NO. AP1202-
TRAINING RUNWAY PHASE II TO $8,266,731
WHEREAS, funds in the amount of $14,549 need to be budgeted and appropriated to
Capital Project No. AP1202-Training Runway to complete and close the project; NOW,
THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Funding for Capital Project No. 1202-Training Runway Phase II is hereby increased to
$8,266,731 including an additional $14,549, which are hereby transferred from the Customer
Deposits Fund to Capital Project No. AP1202.
SECTION 2.
The officers and staff of the City are directed and authorized to perform any and all acts
consistent with the intent of this Ordinance to effectuate the policies and procedures described
therein.
SECTION 3.
This Ordinance shall become effective immediately upon final passage and approval.
INTRODUCED: September 9, 2013
BY: Chris Kaufman
PASSED AND APPROVED: September 23, 2013
Background Paper for Proposed
O
RDINANCE
AGENDA ITEM # R-7
DATE: September 9, 2013
DEPARTMENT:
DEPARTMENT OFAVIATION
MARK LOVIN, DIRECTOR
TITLE
AN ORDINANCE BUDGETING AND APPROPRIATING FUNDS IN THE AMOUNT OF
$14,549 AND INCREASING THE TOTAL AMOUNT IN CAPITAL PROJECT NO. AP1202-
TRAINING RUNWAY PHASE II TO $8,266,731
ISSUE
Should City Council approve an ordinance increasing the funding amount in Capital Project No.
AP1202?
RECOMMENDATION
Approval of this Ordinance.
BACKGROUND
The City accepted an FAA grant to fund 95% of the project costs for the paving and lighting of a
new training runway and associated taxiways and a State grant to pay for 2.5% of the project.
The City is responsible for the remaining 2.5% of project costs. The FAA issued an amendment
that increased the funding amount of the grant which increased the State’s and City’s funding
amount. The FAA grant amendment and the City’s matching funds are being budgeted and
appropriated under a separate Ordinance. An amendment has been requested from the State for
an additional $14,549 and the State has indicated that it will issue an amendment to its grant in
the next grant cycle with the understanding that the amendment will be for $14,549 and will
reimburse the City so the project can be completed and closed now. In the meantime, the City
will fund the State’s $14,549 from the 715 Fund-Customer Deposits.
FINANCIAL IMPACT
Funds in the amount of $14,549 will be transferred from the 715 Fund-Customer Deposits to
Capital Project No. AP1202-Training Runway Phase II.