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HomeMy WebLinkAbout09688 ORDINANCE NO. 9688 AN ORDINANCE ACCEPTING FUNDS IN THE AMOUNT OF $10,000 FROM THE LAMB FOUNDATION AND FUNDS IN THE AMOUNT OF $20,000 FROM THE DORIS AND BOB JOHNSTON FOUNDATION FOR THE GATEWAY TO THE SOUTHWEST I-25 ART PROJECT AND BUDGETING AND APPROPRIATING SAID FUNDS IN THE AMOUNT OF $30,000 TO CAPITAL PROJECT PL1801 WHEREAS, a donation in the amount of $10,000 has been offered by the Lamb Foundation towards the Project: and, WHEREAS, a donation in the amount of $20,000 has been offered by the Doris and Bob Johnston Foundation towards the Project; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $10,000 from the Lamb Foundation are hereby authorized to be accepted for the Gateway to the Southwest I-25 Art Project. SECTION 2. Funds in the amount of $20,000 from the Doris and Bob Johnston Foundation are hereby authorized to be accepted for the Gateway to the Southwest I-25 Art Project. SECTION 3. Funds in the amount of $30,000 are hereby budgeted and appropriated to Capital 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 March 9, 2020 . Final adoption of Ordinance by City Council on March 23, 2020 . President of City Council Action by the Mayor: ☒ Approved on March 25, 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-4 BACKGROUND PAPER FOR PROPOSED ORDINANCE COUNCIL MEETING DATE: March 9, 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 $10,000 FROM THE LAMB FOUNDATION AND FUNDS IN THE AMOUNT OF $20,000 FROM THE DORIS AND BOB JOHNSTON FOUNDATION FOR THE GATEWAY TO THE SOUTHWEST I-25 ART PROJECT AND BUDGETING AND APPROPRIATING SAID FUNDS IN THE AMOUNT OF $30,000 TO CAPITAL PROJECT PL1801 SUMMARY: This Ordinance accepts contributions from the Lamb Foundation in the amount of $10,000 and contributions in the amount of $20,000 from the Doris and Bob Johnston Foundation, which will be budgeted and appropriated to Project PL1801, Gateway to the Southwest I-25 Art Project. PREVIOUS COUNCIL ACTION: City Council has accepted, budgeted and appropriated several donations from the community for the Gateway to the Southwest I-25 Art Project. BACKGROUND: The Lamb Foundation and the Doris and Bob Johnston Foundation were approached to financially contribute to the Gateway to the Southwest I-25 Art Project. It is the desire of the Foundations to contribute to the community project. FINANCIAL IMPLICATIONS: The contributions of $10,000 from the Lamb Foundation and $20,000 from the Doris and Bob Johnston Foundation totaling the amount of $30,000 will be deposited, budgeted and appropriated into the Gateway to the Southwest I-25 Art Project, PL1801. Per Proposed Ordinance Lamb Foundation $ 10,000 Doris and Bob Johnston Foundation $ 20,000 Secured Funding Sources Robert Hoag Rawlings Foundation $300,000 City of Pueblo $130,000 Garone Nicksich Foundation $ 50,000 PURA $ 50,000 El Pomar Foundation $ 25,000 Pueblo BOCC $120,000 Legacy Bank $ 24,000 Pueblo Bank and Trust $ 5,000 Connect Charter School $ 500 Sub Total $704,500 Total Funding per proposed Ordinance: $734,500 PROJECT BUDGET SUMMARY: Project Component Amount Funds Raised Remaining Sculptures $780,000 $702,500 $ 77,500 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 $734,500 $147,500 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 Lamb Foundation Award Letter Doris and Bob Johnston Foundation Award Letter