HomeMy WebLinkAbout06275ORDINANCE NO. 6275
AN ORDINANCE ADOPTING THE 1998 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
improvement 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 1998 is hereby adopted and
the following appropriation for expenditures of anticipated revenues is
hereby made:
(a) Anticipated Revenues:
Loan Payments $ 133,000
Prior Year Reserves 400,000
Total Revenue $ 533,000
(b) Expenditures:
Professional Services $ 35,000
Capital Projects RM 50,000
36 Matching Funds 50,000
Projects to be Determined 398,00
Total $ 533,000
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 10 A , 1997
BY Al G=le
Councilman
APPROVED:
i
r
Presid t of,/Council
ATTEST:
City Clerk