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HomeMy WebLinkAbout05777ORDINANCE NO. 5777 ••► • 1W« ADOPMG THE ►h •• TEn I► USE TAX CAPITAL DR4ME 171 I I► AMENDMENTS THE 71 • ' • BE USED SOLELY FOR CAPITAL IMPROVEMENT' PUR 71: • 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 purposes at Pueblo Memorial Airport; and WHEREAS, the anticipated revenues from this 1992 tax is three hundred twenty two thousand four hundred twenty dollars ($322,420) for the year 1992; now therefore, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, OOIORADO, that: SECTION 1. The following budget for the year 1992 is hereby adopted and the following appropriation for expeditures of anticipated revenues is hereby (a) Anticipated Revenues: 1992 Sales Tax $ 322,420 Prior years carry over 2,114,630 Total Revenue $2,437,050 (b) Expenditures: Professional Services $ 70,000 Airport Tendna 60,000 Shell Building 300,000 Trane 1,500,000 Century 400 7,050 Project to be Determined 500,000 Total $2,437,050 SECTION 2 All projects not specifically badgeted for by this ordinance shall be funded out of "Projects to be I account by resolution approved by City Council for such projects. II�TI'RODUCED October 13 ,1992 BY JOHN CALIFANTO Councilman Pr ident of 6oumil 4 /1 L i I ,iJ) I - City clerk