HomeMy WebLinkAbout13482RESOLUTION NO. 13482
A RESOLUTION AUTHORIZING THE TRANSFER OF
$300,000 FROM THE 1992-2021 SALES AND USE TAX
CAPITAL IMPROVEMENT PROJECTS FUND FOR THE
PURPOSE OF PROVIDING UPKEEP AND MAINTENANCE
TO BUILDINGS HELD FOR THE PURPOSE OF JOB
CREATING CAPITAL PROJECTS
WHEREAS, certain buildings are maintained for the purpose of job creating
capital improvement projects; and
WHEREAS, additional funds are periodically provided, as necessary, for the
costs incurred in maintaining the appearance and integrity of the buildings; NOW,
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The amount of $300,000 shall be transferred from the Economic Development
Half Cent Tax fund to Project EDBLDG for expenses related to the maintenance and
upkeep of City owned buildings.
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 which are necessary or desirable to
effectuate the transactions described therein.
SECTION 3.
This Resolution shall become effective immediately upon final passage.
INTRODUCED July 25, 2016
BY: Robert Schilling
City Clerkâs Office Item # Q-1
Background Paper for Proposed
Resolution
COUNCIL MEETING DATE: July 25, 2016
TO: President Stephen G. Nawrocki and Members of City Council
CC: Sam Azad, City Manager
VIA: Gina Dutcher, City Clerk
FROM: Roni Kimbrel, Finance Director
SUBJECT: A RESOLUTION AUTHORIZING THE TRANSFER OF $300,000 FROM
THE 1992-2021 SALES AND USE TAX CAPITAL IMPROVEMENT
PROJECTS FUND FOR THE PURPOSE OF PROVIDING UPKEEP AND
MAINTENANCE TO BUILDINGS HELD FOR THE PURPOSE OF JOB
CREATING CAPITAL PROJECTS
SUMMARY:
This Resolution provides additional funding needed for the maintenance and upkeep of
buildings used for the purpose of job creating capital projects.
PREVIOUS COUNCIL ACTION:
Funding for upkeep of buildings has been routinely approved when needed. Funding in
the amount of $300,000 was last provided by Resolution 13330, November 9, 2015.
BACKGROUND:
There are several buildings owned by either the City of Pueblo, Pueblo Development
Foundation, or PEDCO, that are held and maintained for the purpose of job creating
capital projects. The buildings have been constructed for use by future industrial
prospects (shell buildings) or have been vacated by former tenants. The appearance
and upkeep of these buildings is of vital importance when presenting them to
prospective tenants. In order to maintain the appearance and integrity of the buildings,
they require that insurance be carried, utilities remain connected and on, and that
general maintenance be done.
FINANCIAL IMPLICATIONS:
The amount of $300,000 shall be transferred from the Economic Development Half Cent
Tax fund to Project EDBLDG for the maintenance and upkeep of City owned buildings.
BOARD/COMMISSION RECOMMENDATION:
Not applicable.
STAKEHOLDER PROCESS:
Not applicable.
ALTERNATIVES:
If this Resolution is not approved, the appearance and integrity of the buildings could be
jeopardized.
RECOMMENDATION:
City staff recommends approval of this Resolution.