HomeMy WebLinkAbout05653ORDINANCE NO. 5653
AN ORDINANCE ADOPTING THE 1990 BUDGET FOR THE
"SALES AND USE TAX CAPITAL IMPROVEMENT FUND"
TO BE USED SOLELY FOR CAPITAL IMPROVEMENT
PURPOSES AT PUEBLO MEMORIAL AIRPORT
WHEREAS, the City of Pueblo, Colorado has enacted Ordinance
No. 5314, providing for a one -half cent sales and use tax rate increase
for a five year period, pledging the revenues therefrom for capital
improvement purposes at Pueblo Memorial Airport; and
WHEREAS, the anticipated revenues from this 1990 tax is two
millon eight hundred twenty eight thousand five hundred seventy one dollars
(2,828,571) for the year 1990; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1.
The following budget for the year 1990 is hereby adopted and the
following appropriation for expenditures of anticipated revenues is hereby
made:
(a) Anticipated Revenues:
1990 Sales Tax $2,828,571
Total Revenue $2,828,571
(b) Expenditures:
36 Fund $ 50,000
Airport Shell Building 900,000
Projects to be determined 1,878,571
Total Expenditures $2,828,571
I
SECTION 2.
All projects not specifically budgeted for by this ordinance
shall be funded out of "Projects to be determined" account by resolution
approved by City Council for such projects.
INTRODUCED December 10 1 1990
BY KENNETH HUNTER
Councilman
APPROVED:
President of the Council
ATTEST:
J,
City Clerk