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HomeMy WebLinkAbout15440 City Clerk's Office Item # M4 Background Paper for Proposed Resolution COUNCIL MEETING DATE: December 11, 2023 TO: President Heather Graham and Members of City Council CC: Mayor Nicholas A. Gradisar VIA: Marisa Stoller, City Clerk FROM: Steven Meier, Director of Parks and Recreation SUBJECT: A RESOLUTION AUTHORIZING THE TRANSFER OF $6,976.00 FROM CAPITAL PROJECT CI0913 - PARK AREA BELMONT AND $470.00 FROM CI0914 - PARK AREA EASTSIDE INTO CAPITAL PROJECT CI1803 - PLAY EQUIPMENT RENOVATION SUMMARY: This Resolution will authorize the transfer of $6,976.00 from Capital Project CI0913 – Park Area Belmont and Capital Project CI0914 – Park Area Eastside into Capital Project CI1803 – Play Equipment Renovation. PREVIOUS COUNCIL ACTION: Not applicable to this Resolution. BACKGROUND: In May 2009, these park escrow funds were set up as “Projects to be Determined” accounts in certain areas of the City. This Resolution is required to transfer and identify a specific project that the funds will be used for. The Parks and Recreation Department has determined that the funds are needed to buy protective fall materials associated with the Play Equipment Renovation projects. FINANCIAL IMPLICATIONS: Funds will not be used if this Resolution is not approved. BOARD/COMMISSION RECOMMENDATION: Not applicable to this Resolution. STAKEHOLDER PROCESS: Not applicable to this Resolution. ALTERNATIVES: City Council could decide not to approve this transfer and the funds will remain in existing Capital Project accounts with no way to expend them. RECOMMENDATION: Approval of the Resolution. ATTACHMENTS: None RESOLUTION NO. 15440 A RESOLUTION AUTHORIZING THE TRANSFER OF $6,976.00 FROM CAPITAL PROJECT CI0913 - PARK AREA BELMONT AND $470.00 FROM CI0914 - PARK AREA EASTSIDE INTO CAPITAL PROJECT CI1803 - PLAY EQUIPMENT RENOVATION BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that SECTION 1. Funds in the amount of $6,976.00 in Capital Project CI0913 – Park Area Belmont will be transferred into Capital Project CI1803 – Play Equipment Renovation. SECTION 2. Funds in the amount of $470.00 in Capital Project CI0914 – Park Area Eastside will be transferred into Capital Project CI1803 – Play Equipment Renovation. SECTION 3. The officers and staff of the City are authorized to perform any and all acts consistent with the intent of this Resolution which are necessary or desirable to implement the transactions described herein. SECTION 4. This Resolution shall become effective immediately upon final passage. INTRODUCED: December 11, 2023 BY: Vicente Martinez Ortega MEMBER OF CITY COUNCIL APPROVED: PRESIDENT OF CITY COUNCIL ATTESTED BY: