HomeMy WebLinkAbout13859
RESOLUTION NO. 13859
A RESOLUTION TRANSFERRING FUNDS IN THE
AMOUNT OF $352,282 TO PROJECT NO. SW1801 FOR
THE PURPOSE OF FUNDING REPAIRS AND
IMPROVEMENTS TO THE LEVEE SYSTEM ON FOUNTAIN
CREEK LOCATED WITHIN THE CITY OF PUEBLO, AND
INCREASING TOTAL FUNDING FOR PROJECT NO.
SW1801 TO $549,282
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Funds in the amount of $267,482 will be transferred from Project No. SW1603 into
SW1801 Floodplain/Levee Repair – Fountain Creek.
SECTION 2.
Funds in the amount of $84,800 will be transferred from Project No. SW9999 into
SW1801 Floodplain/Levee Repair – Fountain Creek
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.
SECTION 4.
This Resolution shall become effective immediately upon passage and approval.
INTRODUCED December 26, 2017
BY: Ed Brown
City Clerk’s Office Item # M-9
Background Paper for Proposed
Resolution
COUNCIL MEETING DATE: December 26, 2017
TO:
President Stephen G. Nawrocki and Members of City Council
CC:
Sam Azad, City Manager
VIA:
Brenda Armijo, Acting City Clerk
From:
Earl Wilkinson, Public Works Director
SUBJECT:
A RESOLUTION TRANSFERRING FUNDS IN THE AMOUNT OF
$352,282 TO PROJECT NO. SW1801 FOR THE PURPOSE OF FUNDING
REPAIRS AND IMPROVEMENTS TO THE LEVEE SYSTEM ON
FOUNTAIN CREEK LOCATED WITHIN THE CITY OF PUEBLO, AND
INCREASING TOTAL FUNDING FOR PROJECT NO. SW1801 TO
$549,282
SUMMARY:
This Resolution transfers funds to SW1801 Floodplain/Levee Repair – Fountain Creek.
PREVIOUS COUNCIL ACTION
:
None
BACKGROUND
:
Pueblo County and City of Colorado Springs executed an Intergovernmental Agreement
(IGA) on May 2, 2016 that states, Colorado Springs Utilities (CSU) shall contribute to the
City of Pueblo Stormwater Enterprise (City) funds not to exceed $1 million a year for 3
years ($3 million total). Such contributions shall be contingent upon matching
contributions from the City. Currently, CSU has contributed the first and second payment
for a total of $2 million and the City has provided the match. The third and last payment
of $1 million will be due January 1, 2018 and the City needs to provide the $1 million
match which this Resolution will accomplish.
Funds are for the purpose of funding repairs or improvements to the Fountain Creek levee
system within the City of Pueblo. Projects that will be accomplished with the funds are
dredging, vegetation and debris removal, storm sewer repair and improvements through
the levee, levee embankment repair, and recertifying the levee.
FINANCIAL IMPLICATIONS
:
Funds will be transferred from the following projects to Project No. SW1801
Floodplain/Levee Repair – Fountain Creek:
$267,482 from SW1603-Fountain Creek Levy Dredging Project
$ 84,800 from SW9999-Stormwater Projects to be Determined
The additional funding provided by this Resolution will increase the total funding for
Project No. SW1801 to $549,282.
BOARD/COMMISSION RECOMMENDATION
:
Not applicable.
STAKEHOLDER PROCESS
:
None.
ALTERNATIVES
:
Alternative No. 1 – No Action
Under this alternative, funds will not be transferred to provide the $1 million match
necessary for the last $1 million contribution from Colorado Springs Utilities.
RECOMMENDATION
:
Approval of the Resolution.