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City Clerk’s Office Item # R-5
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATEJanuary 22, 2018
:
TO: President Christopher A. Nicoll and Members of City Council
VIA: Brenda Armijo, Acting City Clerk
FROM: Sam Azad, City Manager
SUBJECT: AN ORDINANCE BUDGETING, APPROPRIATING AND TRANSFERING
$1,000,000 FROM THE GENERAL FUND BALANCE TO THE STREET REPAIR
UTILITY ENTERPRISE FUND AND SETTING FORTH REPAYMENT
REQUIREMENTS WITH RESPECT TO SAID TRANSFER
SUMMARY:
To allow paving operations to commence in early 2018, start-up funds must be available. To
this end, the General Fund will transfer $1,000,000 to the Street Repair Utility Enterprise Fund,
subject to and conditioned upon the transferred funds being repaid from street repair fees
collected.
PREVIOUS COUNCIL ACTION:
A Street Repair Utility Fund was implemented by Ordinance on December 26, 2017, effective
January 1, 2018.
BACKGROUND:
At the General Municipal Election held on November 7, 2017, the voters of the City of Pueblo
passed Ballot Question 2C by a margin of 58% to 42%, establishing a Street Repair Utility.
FINANCIAL IMPLICATIONS:
Start-up funds in the amount of $1,000,000 will be transferred from the City’s General Fund to
the Street Repair Utility Fund to enable paving operations to commence early in the year. The
$1,000,000 will be repaid to the General Fund by December 31, 2019.
BOARD/COMMISSION RECOMMENDATION:
Not applicable.
STAKEHOLDER PROCESS
See background.
ALTERNATIVES:
Not applicable.
RECOMMENDATION:
Approval of this Ordinance.
Attachments:
Proposed Ordinance
ORDINANCE NO. _9231
AN ORDINANCE BUDGETING, APPROPRIATING AND
TRANSFERING $1,000,000 FROM THE GENERAL FUND
BALANCE TO THE STREET REPAIR UTILITY ENTERPRISE
FUND AND SETTING FORTH REPAYMENT REQUIREMENTS
WITH RESPECT TO SAID TRANSFER
BE IT ORDAINED BY THE CITY OF PUEBLO that:
SECTION 1.
The amount of $1,000,000 is hereby budgeted, appropriated and transferred from the
General Fund prior year unexpended fund balance to the Street Repair Utility Enterprise Fund
as follows:
General Fund
General Fund prior year unexpended fund balance $1,000,000
Transfer out to Street Repair Utility Enterprise Fund $1,000,000
Street Repair Utility Enterprise Fund
Transfer in from General Fund $1,000,000
Projects to be determined $1,000,000
SECTION 2.
No part of the $1,000,000 shall constitute or be considered a grant and shall be subject
to and conditioned upon repayment to the General Fund from the Street Repair Fees collected
and upon approval by the Street Repair Utility Enterprise of the repayment obligation including
repayment period herein provided. The repayment of the $1,000,000 shall occur on or before
December 31, 2019, subject to annual appropriation.
SECTION 3.
The officers and the staff of the City are authorized and directed to perform any and all
acts consistent with the intent of this Ordinance to implement the policies and procedures
described herein.
SECTION 4.
No expenditures shall be made, or warrants issued against any monies appropriated
except in strict conformity with the Charter of the City of Pueblo and in accordance with the
provisions of this Ordinance and the requirements of Chapter 11 of Title 12 of the Pueblo
Municipal Code.
SECTION 5.
This Ordinance shall take effect immediately upon final passage and approval.
INTRODUCED January 22, 2018
BY: Ed Brown
MEMBER OF CITY COUNCIL
APPROVED:
PRESIDENT OF CITY COUNCIL
ATTESTED BY:
ACTING DEPUTY CITY CLERK
PASSED AND APPROVED: February 12, 2018