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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