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HomeMy WebLinkAbout06870ORDINANCE NO. 6870 AN ORDINANCE APPROPRIATING $92,419.97 TO THE CAPITAL PROJECTS FUND FOR THE 29 STREET WIDENING PROJECT WHEREAS, in 1999 the City entered into an agreement with Rite Aid Corporation and subsequent successors and assigns to contribute funds toward the widening of 29 Street. WHEREAS, there is now on deposit in an escrow account $92,419.97for the widening project. BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The amount of $92,419.97 escrow funds received and held by the City of Pueblo for the 29 Street Widening Project are hereby appropriated to the Capital Projects Fund for the purpose of reconstructing and widening 29 Street from Elizabeth Street to Interstate 25. SECTION 2. Funds for 29 Street Widening Project are authorized to be expended in Project Number CP0237 as follows; $3,096.00 to Transportation Department budget, $55,927.96 to First National Bank — Colorado, $33,396.01 to 29 Street and Elizabeth Street intersection improvements. INTRODUCED July 22, 2002 BY Al Gurule Councilperson APPROVED: + ,, ATTEST: resident of City Council City C PASSED AND APPROVED: August 12, 2002