Loading...
HomeMy WebLinkAbout08648 Background Paper for Proposed ORDINANCE DATE: October 15, 2013 AGENDA ITEM # R-6 DEPARTMENT: PUBLIC WORKS EARL WILKINSON, P.E. - DIRECTOR TITLE AN ORDINANCE BUDGETING AND APPROPRIATING FUNDS IN THE AMOUNT OF $225,000 FROM THE RESERVES OF THE PARKING FACILITES ENTERPRISE FOR STRUCTURAL REPAIRS TO THE FRED E. WEISBROD PARKING GARAGE AND LIGHTING UPGRADES TO THE MAIN STREET GARAGE ISSUE Should City Council transfer funds from the Parking Facilities Enterprise Reserves for structural repairs to the Fred E. Weisbrod parking facility and to make lighting upgrades to the Main Street Garage and to budget and appropriate funds therefor? RECOMMENDATION Approve the Ordinance. BACKGROUND A portion of the these funds, $180,000, will pay for the structural repairs to the Fred E. Weisbrod parking garage located at 210 N. Grand Avenue. Repairs include the structural connections between precast concrete panels and associated concrete repairs, sealing the joints adjacent to the precast shear walls, spandrels and flange joints, repairing concrete cracks in deck surface, repairing concrete work on three staircases, and sealing the concrete surface. The remaining $45,000 will be used to replace existing lighting with LED lighting at the Main Street Garage located at 110 S. Main Street. This total project cost is approximately $91,000 and the City has qualified for a 50% rebate from Black Hills Energy to account for the remaining half of the total project costs. The estimated saving from this project is approximately $18,000 a year in electricity costs. In addition, the project costs are split between Pueblo Urban Renewal Authority (60%) and the City (40%); total expenditure from the City is approximately $18,000. FINANCIAL IMPACT Funds in the amount of $225,000 shall be budgeted and appropriated from the reserves of the Parking Facilities Enterprise to the Repairs and Maintenance account of the Parking Enterprise 2013 budget. Funds in the amount of $180,000 shall be budgeted and appropriated to the Parking Enterprise Division and $45,000 shall be budgeted and appropriated to the Main Street Garage Division from the reserves of the Parking Facilities Enterprise Fund. ORDINANCE NO. 8648 AN ORDINANCE BUDGETING AND APPROPRIATING FUNDS IN THE AMOUNT OF $225,000 FROM THE RESERVES OF THE PARKING FACILITES ENTERPRISE FOR STRUCTURAL REPAIRS TO THE FRED E. WEISBROD PARKING GARAGE AND LIGHTING UPGRADES TO THE MAIN STREET GARAGE BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds from Parking Facilities Enterprise Reserves, in the amount of $180,000, are hereby budgeted and appropriated to repairs and maintenance of the Parking Enterprise Division for structural repairs to the Fred E. Weisbrod Parking Garage. SECTION 2. Funds from Parking Facilities Enterprise Reserves, in the amount of $45,000, are hereby budgeted and appropriated to repairs and maintenance of the Main Street Parking Garage Division for lighting upgrades to the Main Street Garage. SECTION 3. 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 transactions described therein. SECTION 4. This Ordinance shall become effective immediately upon passage and approval. INTRODUCED: October 15, 2013 Ed Brown BY: PASSED AND APPROVED: October 28, 2013