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