HomeMy WebLinkAbout14828RESOLUTION NO. 14828
A RESOLUTION AUTHORIZING THE TRANSFER OF
$400,000 FROM THE 1992-2026 SALES AND USE TAX
CAPITAL IMPROVEMENT PROJECTS FUND FOR THE
PURPOSE OF PROVIDING UPKEEP AND MAINTENANCE
TO BUILDINGS HELD FOR THE PURPOSE OF JOB
CREATING CAPITAL PROJECTS
WHEREAS, certain buildings are maintained for the purpose of job creating
capital improvement projects; and
WHEREAS, additional funds are periodically provided, as necessary, for the
costs incurred in maintaining the appearance and integrity of the buildings; NOW,
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The amount of $400,000 shall be transferred to Project EDBLDG for expenses
related to the maintenance and upkeep of City owned buildings. Funds shall be
transferred from the Projects to be Determined account within the 1992 – 2021 Sales
and Use Tax Capital Improvements Project Fund.
SECTION 2.
The officers and staff of the City are authorized to perform any and all acts
consistent with this Resolution which are necessary or desirable to implement the
transactions described therein.
SECTION 3.
This Resolution shall become effective immediately upon final passage and
approval.
INTRODUCED: ____March 14, 2022 _
BY: Larry Atencio
MEMBER OF CITY COUNCIL
APPROVED:
PRESIDENT OF CITY COUNCIL
ATTESTED BY:
CITY CLERK
City Clerk’s Office Item # M-4
Background Paper for Proposed
Resolution
COUNCIL MEETING DATE: March 14, 2022
TO: Heather Graham and Members of City Council
CC: Mayor Nicholas A. Gradisar
VIA: Marisa Stoller, City Clerk
FROM: Laura Solano, Chief of Staff
SUBJECT: A RESOLUTION AUTHORIZING THE TRANSFER OF $400,000 FROM THE
1992-2026 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS
FUND FOR THE PURPOSE OF PROVIDING UPKEEP AND MAINTENANCE
TO BUILDINGS HELD FOR THE PURPOSE OF JOB CREATING CAPITAL
PROJECTS
SUMMARY:
This Resolution provides additional funding needed for the maintenance and upkeep of
buildings used for the purpose of job creating capital projects.
PREVIOUS COUNCIL ACTION:
Funding for upkeep of buildings has been routinely approved when needed. Funding in the
amount of $400,000 was last provided by Resolution 14402, April 27, 2020.
BACKGROUND:
There are several buildings owned by either the City of Pueblo, Pueblo Development
Foundation, or PEDCO, that are held and maintained for the purpose of job creating capital
projects. The buildings have been constructed for use by future industrial prospects (shell
buildings) or have been vacated by former tenants. The appearance and upkeep of these
buildings is of vital importance when presenting them to prospective tenants. In order to
maintain the appearance and integrity of the buildings, they require that insurance be carried,
utilities remain connected and on, and that general maintenance be done.
FINANCIAL IMPLICATIONS:
The amount of $400,000 shall be transferred from the Economic Development Half Cent Tax
fund to Project EDBLDG for the maintenance and upkeep of City owned buildings.
BOARD/COMMISSION RECOMMENDATION:
Not applicable.
STAKEHOLDER PROCESS:
Not applicable.
ALTERNATIVES:
If this Resolution is not approved, the appearance and integrity of the buildings could be
jeopardized.
RECOMMENDATION:
City staff recommends approval of this Resolution.
Attachments:
Proposed Resolution