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HomeMy WebLinkAbout09664ORDINANCE NO. 9664 AN ORDINANCE ACCEPTING FUNDS IN THE AMOUNT OF $70,000 FROM THE BOARD OF PUEBLO COUNTY COMMISIONERS AND ACCEPTING FUNDS IN THE AMOUNT OF $50,000 FROM THE PUEBLO URBAN RENEWAL AUTHORITY FOR THE GATEWAY TO THE SOUTHWEST I-25 ART PROJECT AND BUDGETS AND APPROPRIATES SAID FUNDS IN THE AMOUNT OF $120,000 TO PROJECT PL1801 WHEREAS, The Gateway to the Southwest I-25 Art Project, PL1801 has been established; and, WHEREAS, contributions in the amount of $70,000 has been offered by the Board of Pueblo County Commissioners towards the Project; and, WHEREAS, contributions in the amount of $50,000 has been offered by the Pueblo Urban Renewal Authority towards the Project; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $70,000 from the Board of Pueblo County Commissioners are hereby authorized to be accepted for the Gateway to the Southwest I-25 Art Project. SECTION 2. Funds in the amount of $50,000 from the Pueblo Urban Renewal Authority are hereby authorized to be accepted for the Gateway to the Southwest I-25 Art Project. SECTION 3. Funds in the amount of $120,000 are hereby budgeted and appropriated to Project PL1801, Gateway to the Southwest I-25 Art Project. SECTION 4. The officers and staff of the City are authorized and directed to perform any and all acts consistent with this Ordinance and to implement the policies and procedures described herein. SECTION 5. This Ordinance shall become effective on the date of final action by the Mayor and City Council. Action by City Council: Introduced and initial adoption of Ordinance by City Council on February 10, 2020. Final adoption of Ordinance by City Council on February 24, 2020 . President of City Council Action by the Mayor: ☒ Approved on February 26, 2020 . ☐ Disapproved on based on the following objections: Mayor Action by City Council After Disapproval by the Mayor: ☐ Council did not act to override the Mayor's veto. ☐ Ordinance re-adopted on a vote of , on ☐ Council action on __________________failed to override the Mayor’s veto. President of City Council ATTEST City Clerk City Clerk’s Office Item # R-2 BACKGROUND PAPER FOR PROPOSED ORDINANCE COUNCIL MEETING DATE: February 10, 2020 TO: President Dennis E. Flores and Members of City Council CC: Nicholas A. Gradisar, Mayor VIA: Brenda Armijo, City Clerk FROM: Scott Hobson, Acting Director of Planning and Community Development SUBJECT: AN ORDINANCE ACCEPTING FUNDS IN THE AMOUNT OF $70,000 FROM THE BOARD OF PUEBLO COUNTY COMMISIONERS AND ACCEPTING FUNDS IN THE AMOUNT OF $50,000 FROM THE PUEBLO URBAN RENEWAL AUTHORITY FOR THE GATEWAY TO THE SOUTHWEST I-25 ART PROJECT AND BUDGETS AND APPROPRIATES SAID FUNDS IN THE AMOUNT OF $120,000 TO PROJECT PL1801 SUMMARY: This Ordinance accepts $70,000 in contributions from the Board of Pueblo County Commissioners (“BOCC”) and $50,000 in contributions from the Pueblo Urban Renewal Authority (“PURA”), which will be budgeted and appropriated to Gateway to the Southwest I-25 Art Project, PL1801. PREVIOUS COUNCIL ACTION: On August 26, 2019, City Council accepted $50,000 for the Gateway to the Southwest I-25 Art Project by Ordinance No. 9541. BACKGROUND: The BOCC were approached a second time to financially contribute to the Gateway to the Southwest I-25 Art Project. It is the desire of the BOCC to contribute an additional $70,000 to the community project. PURA authorized the financial contribution of $50,000 in 2019 for the community art project. FINANCIAL IMPLICATIONS: The contributions of $70,000 from the BOCC and $50,000 from PURA totaling $120,000 will be deposited, budgeted and appropriated into the Gateway to the Southwest I-25 Art Project, PL1801. Per Proposed Ordinance Pueblo BOCC & PURA $120,000 Secured Funding Sources: Robert Hoag Rawlings Foundation $300,000 City of Pueblo $130,000 Garone Nicksich Foundation $ 50,000 El Pomar Foundation $ 25,000 Pueblo BOCC $ 50,000 Legacy Bank $ 24,000 Pueblo Bank and Trust $ 5,000 Connect Charter School $ 500 Sub Total $584,500 Total Funding per proposed Ordinance: $704,500 PROJECT BUDGET SUMMARY: Project Component Amount Funds Raised Remaining Sculptures $780,000 $672,500 $107,500 Public Participation Plan $ 32,000 $ 32,000 $ 0 Stewardship Fund $ 50,000 $ 50,000 Replica Sculptures in Downtown $ 20,000 In-Kind $ 20,000 Total Project Costs: $882,000 $704,500 $177,500 BOARD/COMMISSION RECOMMENDATION: Not Applicable. STAKEHOLDER PROCESS: Not Applicable. ALTERNATIVES: The Project will not go forward if it is not funded. RECOMMENDATION: Approval of the Ordinance. Attachments: Proposed Ordinance