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HomeMy WebLinkAbout10683 City Clerk's Office Item # R3 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: April 8, 2024 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Andrew Hayes, Public Works Director SUBJECT: AN ORDINANCE ESTABLISHING PROJECT ACCOUNT CI2428 - FABRICATE AND INSTALL NEW SIGNAGE FOR MLK BYPASS, TRANSFERRING $40,000 FROM THE UNAPPROPRIATED FUND BALANCE OF THE GENERAL FUND, AND BUDGETING AND APPROPRIATING SAID FUNDS IN THE AMOUNT OF $40,000 TO PROJECT ACCOUNT CI2428 SUMMARY: This Ordinance establishes Project Account CI2428 - Fabricate and Install New Signage for MLK Bypass, transfers $40,000.00 from the unappropriated fund balance of the General Fund, and budgets and appropriates total funds in the amount of $40,000.00 into the newly-created project account. PREVIOUS COUNCIL ACTION The City Council approved Ordinance No. 10630 on January 10, 2024, approving the renaming of the U.S. Highway 50 Bypass to "Dr. Martin Luther King Jr. Bypass". BACKGROUND: This project will include the fabrication and installation of six street name signs to be installed by the City along US-50B at Hudson/Bonforte, Norwood, and Troy. The project will also fabricate and install two supplemental signs designating the highway as "Dr. Martin Luther King Jr. Bypass" between I-25 and the junction with CO-47/CO-96. As part of its I-25/US-50B interchange replacement project, CDOT will be replacing the existing highway signage on I-25. The new signage to be installed will refer to US-50B by its new name. That project is expected to start this year. The proposed Dr. Martin Luther King Jr. bypass is a prominent I-25 interchange within the City and is a gateway for motorists traveling into Pueblo from the east. This section of highway, which has over 10,000 vehicle trips per day, is utilized by motorists traveling to the Pueblo Memorial Airport and the Pueblo Memorial Airport Industrial Park. FINANCIAL IMPLICATIONS: Funds in the amount of $40,000.00 will be transferred from the unappropriated fund balance of the General Fund and budgeted and appropriated into the newly-created project account. BOARD/COMMISSION RECOMMENDATION: Not applicable to this Ordinance. STAKEHOLDER PROCESS: Not applicable to this Ordinance. ALTERNATIVES: Failure to approve this Ordinance will prevent the City from installing the signage RECOMMENDATION: Approval of the Ordinance ATTACHMENTS: None ORDINANCE NO. 10683 AN ORDINANCE ESTABLISHING PROJECT ACCOUNT CI2428 FABRICATE AND INSTALL NEW SIGNAGE FOR MLK BYPASS, TRANSFERRING $40,000 FROM THE UNAPPROPRIATED FUND BALANCE OF THE GENERAL FUND, AND BUDGETING AND APPROPRIATING SAID FUNDS IN THE AMOUNT OF $40,000 TO PROJECT ACCOUNT CI2428 BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The Fabricate and Install New Signage for MLK Bypass project, CI2428, is hereby established. SECTION 2. Funds in the amount of $40,000.00 are hereby transferred from the unappropriated fund balance of the General Fund and budgeted and appropriated into the Fabricate and Install New Signage for MLK Bypass project account CI2428. SECTION 3. The officers of the City are authorized to perform any and all acts consistent with this Ordinance to implement the policies and procedures described herein. SECTION 5. 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 March 25, 2024. Final adoption of Ordinance by City Council on April 8, 2024. ____________________________ President of City Council Action by the Mayor: Approved on _______________. 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 _____________ ____________________________ President of City Council ATTEST ________________________________ City Clerk