HomeMy WebLinkAbout10349ORDINANCE NO. 10349
AN ORDINANCE BUDGETING AND APPROPRIATING
INSURANCE PROCEEDS IN THE AMOUNT OF $148,338.77
INTO PROJECT SWAN01 EQUIPMENT PURCHASES
STORMWATER
WHEREAS, in June 2022, equipment 272-116, Stormwater Department’s excavator
sustained major damage when it became stuck and submerged in Lake Minnequa rendering it
inoperable for use; and,
WHEREAS, the City has received proceeds from the insurance company for the cost to
replace the equipment; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Project No. SWAN01 Equipment Purchases Stormwater is already established for
equipment purchases.
SECTION 2.
Insurance proceeds in the amount of $148,338.77 shall be budgeted and appropriated
into Project SWAN01 Equipment Purchases Stormwater and will be used to replace the
damaged Stormwater Department’s excavator.
SECTION 3.
The officers and staff of the City are authorized to perform any and all acts consistent
with this Ordinance to implement the policies and procedures described herein.
SECTION 4.
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 November 28, 2022.
Final adoption of Ordinance by City Council on December 12, 2022 .
President of City Council
Action by the Mayor:
☒ Approved on December 19, 2022 .
□ 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 # R1
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: November 28, 2022
TO: President Heather Graham and Members of City Council
CC: Mayor Nicholas A. Gradisar
VIA: Marisa Stoller, City Clerk
FROM:
Andrew Hayes, Public Works Director
SUBJECT: AN ORDINANCE BUDGETING AND APPROPRIATING INSURANCE
PROCEEDS IN THE AMOUNT OF $148,338.77 INTO PROJECT
SWAN01 EQUIPMENT PURCHASES STORMWATER
SUMMARY:
This Ordinance budgets and appropriates insurance proceeds in the amount of
$148,338.77 for the replacement of the Stormwater Department’s excavator that was
damaged beyond repair when it became stuck and submerged in Lake Minnequa while
performing routine maintenance operations.
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
In June 2022, equipment 272-116 sustained major damage in an incident causing the
Stormwater Department’s excavator to become stuck and submerged in Lake
Minnequa which rendered the equipment inoperable for use. Resolution of the City’s
insurance claim provides for payment by the insurance company for replacement costs.
FINANCIAL IMPLICATIONS:
The Stormwater Department will be responsible for the replacement of equipment 272-
116, Stormwater Department’s excavator. Insurance proceeds in the amount of
$148,338.77 have already been received by the City.
BOARD/COMMISSION RECOMMENDATION:
Not applicable to this Ordinance.
STAKEHOLDER PROCESS:
Not applicable to this Ordinance.
ALTERNATIVES:
Alternatives No. 1 – No action
Should this Ordinance not pass, the Stormwater Department would have to make up
the $148,338.77 received through the insurance settlement to replace the damaged
Stormwater Department’s excavator.
RECOMMENDATION:
Approval of the Ordinance.
ATTACHMENTS:
None