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HomeMy WebLinkAbout07180ORDINANCE NO. 7180 AN ORDINANCE APPROPRIATING AND TRANSFERRING $42,000 FROM THE GENERAL FUND RESERVE TO THE PUEBLO TRANSIT FY 2004 BUDGET AND APPROPRIATING ADDITIONAL FTA CAPITAL SUBSIDIES OF $117,163, FOR THE PURPOSE OF PURCHASING NEW TRANSIT COACHES Whereas, the FTA has made available an additional $117,163 in Capital subsidies and an additional contribution of $42,000 by the City of Pueblo will provide a 22% match; and Whereas, the appropriation of these funds will allow Pueblo Transit to purchase two (2) 35- foot accessible transit coaches instead of one (1) coach and one (1) City -lift van. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1 Funds in the amount of $42,000.00 are hereby appropriated and transferred from the General Fund reserve to the Pueblo Transit FY 2004 budget to be used as part of the match to purchase two (2) 35 -foot ADA accessible transit coaches. SECTION 2 Additional FTA capital subsidies of $117,163 are also appropriated for this purpose. INTRODUCED July 12, 2004 BY Michael Occhiato Ord. tt nlso r I Background Paper for Proposed ORDINANCE AGENDA ITEM # A 23 DATE: July 12, 2004 DEPARTMENT: PUEBLO TRANSIT DANIEL E. CENTA, P.E. DIRECTOR OF PUBLIC WORKS TITLE AN ORDINANCE APPROPRIATING AND TRANSFERRING $42,000 FROM THE GENERAL FUND RESERVE TO THE PUEBLO TRANSIT FY 2004 BUDGET AND APPROPRIATING ADDITIONAL FTA CAPITAL SUBSIDIES OF $117,163, FOR THE PURPOSE OF PURCHASING NEW TRANSIT COACHES. SUE Should the City Council approve a transfer of funds in the amount of $42,000 from the City's General Fund reserve to the Pueblo Transit FY 2004 Budget increasing the City's matching funds to $113,603, for the purchase of two (2) 35 foot accessible transit coaches? RECOMMENDATION Approval of Ordinance 13ACKGROUND The Federal Transit Administration (FTA) Grant Award for Capital expenditures for FY 2004 can be increased from $286,411 to $403,574. With a contribution of $113,603 from the City, it will allow Transit to purchase two (2) 35 foot accessible transit coaches at a cost of $517,177 to replace two of our old, high mileage buses, which are not ADA accessible. The City-Lift bus previously programmed in the budget will not be purchased. FINANCIAL IMPACT The anticipated expenditure for this project is $517,177. The Federal share is $403,574. To complete the project a local match of $113,603 is required of which $71,603 is included in the approved Pueblo Transit 2004 budget, with an additional $42,000 needed to be transferred from the City's General Fund reserve to the FY 2004 Pueblo Transit's budget.