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HomeMy WebLinkAbout09349ORDINANCE NO. 9349 AN ORDINANCE ESTABLISHING CAPITAL PROJECT NO. CIAN22 - ROOF MAINTENANCE AND REPAIR, TRANSFERRING, BUDGETING, AND APPROPRIATING INSURANCE PROCEEDS IN THE AMOUNT OF $335,000 FOR WIND DAMAGE REPAIRS AND DEPOSITING SAID FUNDS AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE THE SAME WHEREAS, in the spring of 2017, the building located at 230 S. Mechanic Street experienced a major wind storm; and WHEREAS, the City has received proceeds from the insurance company for the costs to repair such damages; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Capital Project No. CIAN22 - Roof Maintenance and Repair is hereby established. SECTION 2. Funds in the amount of $30,000 are hereby transferred from the self-insurance fund #601 to Capital Project No. CIAN22 - Roof Maintenance and Repair. SECTION 3. Upon receipt, insurance proceeds in the amount of $305,000 shall be budgeted, appropriated, and transferred into Capital Project No. CIAN22 - Roof Maintenance and Repair. SECTION 4. The officers and staff of the City are directed and authorized to perform any and all acts consistent with the intent of this Ordinance. SECTION 5. This Ordinance shall become effective immediately upon final passage and approval. INTRODUCED: September 24, 2018 BY: Ed Brown MEMBER OF CITY COUNCIL APPROVED: PRESIDENT OF CITY COUNCIL ATTESTED BY: ACTING CITY CLERK October 9, 2018 PASSED AND APPROVED: City Clerk’s Office Item # R-1 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: September 24, 2018 TO: President Christopher A. Nicoll and Members of City Council CC: Sam Azad, City Manager VIA: Brenda Armijo, Acting City Clerk FROM: Jeff Bailey, Acting Public Works Director SUBJECT: AN ORDINANCE ESTABLISHING CAPITAL PROJECT NO. CIAN22 - ROOF MAINTENANCE AND REPAIR, TRANSFERRING, BUDGETING, AND APPROPRIATING INSURANCE PROCEEDS IN THE AMOUNT OF $335,000 FOR WIND DAMAGE REPAIRS AND DEPOSITING SAID FUNDS AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE THE SAME SUMMARY: This Ordinance budgets and appropriates insurance proceeds in the amount of $335,000 for the replacement of the roof that was damaged by wind at the Purchasing Building. PREVIOUS COUNCIL ACTION: None. BACKGROUND: In 2016 the Purchasing Building sustained significant roof damage caused by a major wind storm. FINANCIAL IMPLICATIONS: Funds in the amount of $30,000 from the self-insurance fund #601 will be transferred to CIAN22 - Roof Maintenance and Repair. Additional funds in the amount of $305,000 will be deposited into CIAN22 - Roof Maintenance and Repair. Total funds in the amount of $335,000 will be used to repair the wind damaged roof. BOARD/COMMISSION RECOMMENDATION: None. STAKEHOLDER PROCESS: None ALTERNATIVES: Denying the Ordinance will cause the proceeds to be returned and the project canceled. RECOMMENDATION: Approval of the Ordinance. Attachment: