HomeMy WebLinkAbout05715ORDINANCE NO. 5 715
AN ORDINANCE ADOPTING THE 1991 BUDGET FOR THE
"SALES AND USE TAX CAPITAL IMPROVEMENT FUND"
WITH AMENDMENTS THEREFORE TO BE USED SOLELY
FOR CAPITAL IMPROVEMENT PURPOSES AT P[JEBID
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 revenue therefrom for capital improvement
piz *poses at Pueblo Memorial Airport; and
WHEREAS, the anticipated revenues from this 1991 tax is two
million eight hundred seventy one Lhcnisand four hundred twenty nine
dollars (2,871,429) for the year 1991; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, COIDRADO, that:
aW, rION 1.
The following budget for the year 1991 is hereby adopted and the
Billowing appropriation for expeditures of anticipated revenues is hereby
: vkde:
(a) Anticipated Rever utem r
1991 Sales Tax $2,871,429
Prior year carry over 1,174,8G
Total Revenue $4,046,234
(b) Expenditures:
Kaiser
$ 328,234
Airport Fund 36
50,000
Keeler Parkway
985,000
IX)ane
250,000
Sanitary Sewer
2,203,000
Airport Fire
_ 230, 000
Total
$4,046,234
SECTION 2
All projects not specifically budgeted for by this ordinance
shall be funded out of "Projects to be determined " ac count by resolution
approved by City Council for such projects.
INTRODUCED November 11 ,1991
SAMUEL CORSENTINO
Councilman
o
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President of Council
ATTEST:
City Clerk