HomeMy WebLinkAbout05915ORDINANCE NO. 5915
AN ORDINANCE ADOPTING THE 1995 BUDGET FOR THE
"SALES AND USE TAX CAPITAL IMPROVEMENT FUND" WITH
AMENDMENTS THEREFORE 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 tax rate increase for a
five year period, pledging the revenue therefrom for capital improve-
ment purposes at Memorial Airport; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1
The following budget for the year 1995 is hereby adopted and the
following appropriation for expenditures of anticipated revenues is
hereby made:
(a) Anticipated Revenues:
Loan Payments $ 500,000
Interest Earnings 30,000
Total Revenue $ 530,000
(b) Expenditures:
Professional Services $ 35,000
Capital Projects RIM 50,000
36 Matching Funds 50,000
Projects to be Determined 395,000
Total $ 530,000
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 November 14 , 1994
By PATRICK AVALOS
Councilman
APPROVE
resident of Council