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HomeMy WebLinkAbout15136 RESOLUTION NO. 15136 A RESOLUTION AUTHORIZING THE TRANSFER OF BUDGETED AND APPROPRIATED FUNDS IN THE AMOUNT OF $332,311.26 FROM PROJECT NO. HU2102 - PORTLAND AVENUE ROADWAY & CONCRETE REPAIR TO PROJECT NO. HUAN03 - CROSS PAN/CURB AND GUTTER AND CLOSING OUT PROJECT NO. HU2102 BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that SECTION 1. The transfer of previously budgeted and appropriated funds in the amount of $332,311.26 from Project No. HU2102 - Portland Avenue Roadway & Concrete Repair to Project No. HUAN03 - Cross Pan/Curb and Gutter is hereby approved. SECTION 2. The officers of the City are authorized to perform any and all acts consistent with this Resolution to implement the policies and procedures described herein. SECTION 3. This Resolution shall become effective immediately upon passage and approval. INTRODUCED February 13, 2023 BY: Vicente Martinez Ortega MEMBER OF CITY COUNCIL APPROVED: PRESIDENT OF CITY COUNCIL ATTESTED BY: DEPUTY CITY CLERK City Clerk's Office Item # M3 Background Paper for Proposed Resolution COUNCIL MEETING DATE: February 13, 2023 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: A RESOLUTION AUTHORIZING THE TRANSFER OF BUDGETED AND APPROPRIATED FUNDS IN THE AMOUNT OF $332,311.26 FROM PROJECT NO. HU2102 - PORTLAND AVENUE ROADWAY & CONCRETE REPAIR TO PROJECT NO. HUAN03 - CROSS PAN/CURB AND GUTTER AND CLOSING OUT PROJECT NO. HU2102 SUMMARY: This resolution approves the transfer of previously budgeted and appropriated funds in the amount of $332,311.26 from Project No. HU2102 - Portland Avenue Roadway & Concrete Repair to Project No. HUAN03 - Cross Pan/Curb and Gutter. The resolution also closes out Project HU2102 for 2023. PREVIOUS COUNCIL ACTION: On June 28, 2021, by Resolution No. 14652, Council approved the establishment of Project No. HU2102 - Portland Avenue Roadway and Concrete Repair and budgeted and appropriated $800,000.00 for the project. On August 23, 2021, by Resolution 14685, Council awarded a construction contract to RME Ltd., LLC., dba Elite Surface Infrastructure for Project No. 21-058 Portland Avenue Road Repairs. BACKGROUND: Project No. HU2102 was initially created to perform road repairs on Portland Avenue in 2021. These road repairs are now complete. FINANCIAL IMPLICATIONS: Transferring these funds as described herein will ensure there are appropriate funds available in Project No. HUAN03. BOARD/COMMISSION RECOMMENDATION: Not applicable to this resolution. STAKEHOLDER PROCESS: Not applicable to this resolution. ALTERNATIVES: If this resolution is not approved by the City Council, the required funds will not be allocated to Project HUAN03. RECOMMENDATION: Approval of the resolution. ATTACHMENTS: None