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HomeMy WebLinkAbout13175RESOLUTION NO. 13175 A RESOLUTION AUTHORIZING THE TRANSFER OF $199,740 FROM PROJECT NUMBER HU1599-PROJECT TO BE DETERMINED TO PROJECT ACCOUNTS HUAN02- TRAFFIC SIGNAL & CROSSWALK UPGRADES AND HUAN03-CROSSPANS/CURB AND GUTTER BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $100,000 is hereby transferred to HUAN02-Traffic Signal & Crosswalk Upgrades and $99,740 is hereby transferred to HUAN03-Crosspans/Curb and Gutter for a total of $199,740 transferred from HU1599-Projects to be Determined. 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 Resolution to effectuate the policies and procedures described herein. SECTION 3. This Resolution shall become effective immediately upon passage and approval. INTRODUCED: February 23, 2015 BY: Chris Nicoll City Clerk’s Office Item # M-5 Background Paper for Proposed Resolution COUNCIL MEETING DATE: February 23, 2015 TO: President Stephen G. Nawrocki and Members of City Council CC: Sam Azad, City Manager VIA: Gina Dutcher, City Clerk FROM: Earl Wilkinson, Director of Department of Public Works SUBJECT: A RESOLUTION AUTHORIZING THE TRANSFER OF $199,740 FROM PROJECT NUMBER HU1599-PROJECT TO BE DETERMINED TO PROJECT ACCOUNTS HUAN02-TRAFFIC SIGNAL & CROSSWALK UPGRADES AND HUAN03-CROSSPANS/CURB AND GUTTER SUMMARY: This resolution transfers $125,000 into the Traffic Signal and Crosswalk Upgrades Project and $74,740 to the Crosspans-Curb and Gutters Project. PREVIOUS COUNCIL ACTION: None. BACKGROUND: Resolution will authorize the transfer of funds from the Project to be Determined account (HU1599) to two different project. Project number HUAN02 – Signal / Crosswalk Upgrades will be allocated $100,000 for the continued replacement of crosswalk and the continued upgrade of traffic signal equipment throughout the City. The remaining funds in the amount of $99,740 will be placed in the project HUAN03 – Crosspans / Curb and Gutter project for replacement of said infrastructure not funded by Community Block Grant Development funds FINANCIAL IMPLICATIONS: Funds in the amount of $100,000 shall be transferred into HUAN02-Traffic Signal & Crosswalk Upgrades, and the amount of $99,740 shall be transferred into HUAN03- Crosspans/Curb and Gutter with a total amount of $199,740 being transferred from HU1599-Projects to be Determined. Funds for the Projects will be paid out of HU1599 – Projects to be Determined. BOARD/COMMISSION RECOMMENDATION: None. STAKEHOLDER PROCESS: None. ALTERNATIVES: Denial of this Resolution will result in cancellation of the project. PROPOSED MOTION: Motion to Approve this Resolution.