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HomeMy WebLinkAbout07189ORDINANCE NO. 7189 AN ORDINANCE APPROPRIATING $128,000 OF THE PROCEEDS FROM THE SALE OF HARP LOTS FOR THE RIVERWALK CAFE AND SITE PREPARATION ON LOT #1 WHEREAS, a pad site on the HARP has been sold, and WHEREAS, these funds are restricted to use in the improvement and maintenance of the HARP facility, and WHEREAS, the City Council desires to see improvement in the availability of food service accommodations along the Riverwalk, and to do so site preparation on Lot #1, now therefore, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that SECTION 1 _ Funds in the amount of $128,000 shall be appropriated from the sale of lots account with $118,000 to be used for the construction of a Riverwalk Cafe and $10,000 for site preparation on Lot #1. SECTION 2_ The HARP Authority will procure and administer the construction of the Riverwalk Cafe Project in full cooperation with the appropriate City departments. In the event the design or construction costs of the project require a change, such revisions are subject to prior approval of the City Council. The HARP Authority will utilize the contracting procedures provided for in the HARP Intergovernmental Agreement (IGA). Such contracting procedures do not preclude the HARP Authority from securing in -kind and cash contributions through the HARP Foundation to procure the products and services necessary to complete the Riverwalk Cafe Project. City payments shall be made upon completion of work and presentation of detailed invoices. All project costs shall be tracked, and upon completion a project cost summary including In -kind services values reported to the City Finance Department. INTRODUCED August 9, 2004 BY Michael Occhiato Councilperson L� w �L ..J Background Paper for Proposed ORDINANCE E l AGENDA ITEM # 9( Z O DATE: August 9, 2004 DEPARTMENT: FINANCE DEPARTMENT, ROBERT F. HAIN CPA TITLE AN ORDINANCE APPROPRIATING $128,000 OF THE PROCEEDS FROM THE SALE OF HARP LOTS FOR THE RIVERWALK CAFE AND SITE PREPARATION ON LOT #1. ISSUE Should lot sale funds be used to for a construction projects along the Riverwalk channel? RECOMMENDATION Approval of ordinance BACKGROUND Lot #1 on the HARP was recently sold. Per the Intergovernmental Agreement creating the HARP Authority, these proceeds must be used for capital improvements or maintenance of the City's HARP facility. The HARP authority will presented City Council with a plan to construct an eating area and food service building, known as the Riverwalk Cafe. The HARP Authority also is requesting that funds from this sale be used to pay for the site preparation costs on Lot #1. With this ordinance, City Council will consider funding these projects with proceeds from the recent lot sale. FINANCIAL IMPACT This Ordinance appropriates $128,000 of the lot sale proceeds for these projects.