HomeMy WebLinkAbout15571RESOLUTION NO. 15571
A RESOLUTION AUTHORIZING FUNDS IN THE AMOUNT OF
$1,123,811.89 FROM THE BLACK HILLS ENERGY
UNDERGROUND UTILITY FUND TO BE EXPENDED FOR
RELOCATING OVERHEAD ELECTRIC FACILITIES
UNDERGROUND FOR THE I-25/US-50B INTERCHANGE
PROJECT
WHEREAS, Article 11 of the Black Hills Franchise Agreement established an
underground fee to be collected from Black Hills customers and deposited into an escrow
account for undergrounding overhead electric facilities on public projects and improvements;
and,
WHEREAS, the Project and use of the escrow funds is consistent with the intent of the
Black Hills Franchise Agreement; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that
SECTION 1.
The Pueblo City Council authorizes the expenditure of funds in the amount of
$1,123,811.89 from the Black Hills Energy Underground Utility Fund to pay for undergrounding
the main-line three-phase electrical distribution supporting the I-25/US-50B interchange project.
SECTION 2.
The officers and staff of the City are authorized and directed 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: March 25, 2024
BY: Dennis Flores
MEMBER OF CITY COUNCIL
APPROVED: __________________________
PRESIDENT OF CITY COUNCIL
ATTESTED BY: ________________________
CITY CLERK
City Clerk's Office Item # M23
Background Paper for Proposed
Resolution
COUNCIL MEETING DATE: March 25, 2024
TO: President Mark Aliff and Members of City Council
CC: Mayor Heather Graham
VIA: Marisa Stoller, City Clerk
FROM:
SUBJECT: A RESOLUTION AUTHORIZING FUNDS IN THE AMOUNT OF
$1,123,811.89 FROM THE BLACK HILLS ENERGY UNDERGROUND
UTILITY FUND TO BE EXPENDED FOR RELOCATING OVERHEAD
ELECTRIC FACILITIES UNDERGROUND FOR THE I-25/US-50B
INTERCHANGE PROJECT
SUMMARY:
This Resolution authorizes the expenditure of funds in the amount of $1,123,811.89
from Black Hills Energy Underground Utility Fund to relocate overhead electric facilities
underground in support of the proposed I-25/US-50B interchange project.
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
This Resolution will approve the use of funds for the purpose of undergrounding the
main-line three-phase electrical distribution lines under I-25 in support of the I-25/US-
50B interchange project. The project scope includes the installation of 1,600 feet of
conduit, conductors, and associated connection cabinets to underground the 28th
Street and 24th Street overhead crossings of I-25. It will also include the removal of
overhead electric distribution crossings of I-25 at 28th Street, 26th Street, and 24th
Street as well as all overhead electrical distribution in conflict with the new highway
alignment.
FINANCIAL IMPLICATIONS:
Funds in the amount of $1,123,811.89 will be approved for expenditure from the
underground funds account held by Black Hills Energy on behalf of the City.
BOARD/COMMISSION RECOMMENDATION:
Not applicable to this resolution.
STAKEHOLDER PROCESS:
Not applicable to this resolution.
ALTERNATIVES:
Failure to approve this resolution will prevent the City from funding the undergrounding
of overhead power lines in the project area.
RECOMMENDATION:
Approval of the Resolution.
ATTACHMENTS:
None