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Background Paper for Proposed
RESOLUTION
DATE: November 25, 2013 AGENDA ITEM # M-1
DEPARTMENT:
PUEBLO TRANSIT
BRENDA BROYLES
DIRECTOR OF TRANSIT
TITLE
A RESOLUTION ESTABLISHING CAPITAL PROJECT BC1302, FY 2013 CAPITAL
MATCH AND TRANSFERRING FUNDS IN THE AMOUNT OF $50,859
ISSUE
Should the City Council establish Capital Project BC1302, 2013 Capital Match, and
transfer funds in the amount of $50,859 for said project?
RECOMMENDATION
Approval of Resolution.
BACKGROUND
The City will be allocated an FTA FY 2013 Federal Capital Grant. These funds will be
carried over to FY 2014, and are intended to subsidize Pueblo Transit’s capital projects.
Because the FTA allocation will not be available until FY 2014, we have to secure the
FY 2013 City’s 20% matching funds.
FINANCIAL IMPACT
City funds in the amount of $50,859 have been budgeted and appropriated in the
Pueblo Transit FY 2013 budget. This Resolution is requesting these funds to be
transferred to Capital Project BC1302.
RESOLUTION NO. 12827
A RESOLUTION ESTABLISHING CAPITAL PROJECT
BC1302, FY 2013 CAPITAL MATCH, AND
TRANSFERRING FUNDS IN THE AMOUNT OF $50,859
WHEREAS, there are currently funds available for this purpose; NOW
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Capital Project BC1302, FY 2013 Capital Match, is hereby established.
SECTION 2.
Funds in the amount of $50,859 shall be transferred from Transit’s 2013 capital
budget into Project BC1302.
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 Resolution to effectuate the transactions
described herein.
SECTION 4.
This Resolution shall become effective immediately upon final passage.
INTRODUCED: November 25, 2013
BY: Sandy Daff