HomeMy WebLinkAbout05821ORDINANCE NO. 5821
AN ORDINANCE SUBMITTING TO THE ELIGIBLE ELECTORS
OF THE CITY OF PUEBLO, COLORADO AT THE GENERAL
MUNICIPAL ELECTION TO BE HELD NOVEMBER 2, 1993 A
QUESTION RELATING TO REVENUE AND SPENDING
CHANGES WITH RESPECT TO THE REPLACEMENT OF THE
SOUTH MAIN STREET BRIDGE
WHEREAS, the South Main Street Bridge is in need of immediate
replacement, and
WHEREAS, the Department of Transportation Commission approved
the replacement of the South Main Street Bridge (the "Bridge
Project ") for funding out of the Special Bridge Account in the
maximum grant amount of $6,080,000 for the Bridge Project
estimated to cost $8,177,625, and
WHEREAS, the City's share of the estimated Bridge Project
costs is $2,097,625 and City's anticipated source of funding for
its share of the Bridge Project is Highway User Tax and contribu-
tions from railroads and others whose properties will be benefited
by the Bridge Project, and
WHEREAS, the Department of Transportation Commission grant
and the railroads' allocation of expenses and City's expenditure
of those funds will be included as part of the City's revenues and
spending limits for purposes of Article X, Section 20 of the
Colorado Constitution, and
WHEREAS, Article X, Section 20 of the Colorado Constitution
authorizes the voters to approve revenue changes as an offset to
revenues which exceed fiscal year limits, and
WHEREAS, it is anticipated that the receipt of the funds for
the construction of the Bridge Project will be in excess of the
revenue limits in the years of receipt, and
WHEREAS, the Bridge Project expenditures and such receipt of
funds will be made and received in different fiscal years, and
WHEREAS, the construction and the Bridge Project is in the
best interests of the City and will benefit the health, welfare
and safety of the citizens of the City; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The question of the receipt and expenditure of revenues in
the estimated amount of $8,177,625 in the aggregate during fiscal
years 1994 through 1998 for the replacement of the South Main
Street Bridge and the contracting for the long -term maintenance,
repair and renovation of the replacement bridge shall be submitted
to a vote of the eligible electors of the City to be held on
November 2, 1993. The ballot title (submission clause and title)
therefor shall be as follows:
QUESTION NO. 1
REVENUE AND SPENDING CHANGE IN THE AMOUNT OF $8,177,625 FOR
THE REPLACEMENT OF THE SOUTH MAIN STREET BRIDGE
SHALL THE CITY OF PUEBLO, COLORADO REVENUES AND SPENDING BE
INCREASED UP TO $8,177,625 IN THE AGGREGATE IN ANY ONE OR
MORE FISCAL YEARS 1994 THROUGH 1998 FOR THE PURPOSE OF
REPLACING THE SOUTH MAIN STREET BRIDGE INCLUDING THE ACQUISI-
TION OF ALL APPURTENANT LAND, EQUIPMENT AND FACILITIES, such
increase in revenues and spending in any such fiscal year to
be in excess of any revenue or spending limit otherwise
applicable, without any limitation or condition, and without
limiting the collection or spending of any other revenues or
funds by the City of Pueblo, Colorado under Article X,
Section 20 of the Colorado constitution or any other law,
AND, IN CONNECTION THEREWITH SHALL APPROVAL BE GRANTED FOR
THE CITY OF PUEBLO, COLORADO TO ENTER INTO A MULTIPLE - FISCAL
YEAR FINANCIAL OBLIGATION FOR THE MAINTENANCE, REPAIR AND
RENOVATION OF THE REPLACEMENT BRIDGE?
YES
NO
SECTION 2
The officers of the City are authorized and directed to take
all action necessary, appropriate or required to effectuate the
provisions of this Ordinance.
SECTION 3
This Ordinance shall become effective upon final passage.
INTRODUCED: July 26, 1993
-2-
m
JOYCE LAWRENCE
Councilperson
ATTEST:
qty Clerk '
APPROVED:
/ kz
Presi ent of the City Council
TJ 68.15 -3-