HomeMy WebLinkAbout07442SUBSTITUTED COPY
02/24/2006
ORDINANCE NO. 7442
AN ORDINANCE ESTABLISHING A BUDGET FOR THE HISTORIC ARKANSAS RIVERWALK
OF PUEBLO - PHASE III A -1 PROJECT IN THE AMOUNT OF $3,100,568, APPROPRIATING
$3,003,568 FOR THE CONSTRUCTION OF SAID PROJECT, AND RATIFYING THE
ACCEPTANCE, APPROVAL AND EXECUTION OF FINANCIAL ASSISTANCE AWARD NUMBER
05 -01 -04239 FROM U.S. DEPARTMENT OF COMMERCE, ECONOMIC DEVELOPMENT
ADMINISTRATION FOR CONSTRUCTION OF PHASE III A -1 OF THE HISTORIC ARKANSAS
RIVERWALK OF PUEBLO
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO. that:
SECTION 1.
The budget for Phase III A -1 of Capital Improvement Project No. PWHP07 in the amount of
$3,100,568 is hereby established, of which $150,000 has been previously appropriated and
expended pursuant to Ordinance No. 6844, $247,000 has been previously appropriated and
expended pursuant to Ordinance No. 7047, and $100,000 has been previously appropriated and
budgeted in the 2006 City of Pueblo Budget.
SECTION 2.
$3,003,568 is hereby appropriated and transferred from General Fund Reserves to Capital
Improvement Project No. PWHP07 for the construction of Phase III A -1 of the project.
SECTION 3.
City Council finds and determines that funds for construction of the HARP Phase III A -1
project will be provided from the following sources:
$1,000,000 Economic Development Administration (EDA)
900,000 Department of Local Affairs to the City
500,000 Great Outdoors Colorado to the City
650,568 HARP Foundation ($100,000 per Ordinance No. 6844)
($247,000 per Ordinance No. 7047)
50,000 Pueblo Urban Renewal Authority (per Ordinance No. 6844)
$3,100,568' Total Cost ($20,000 for Environmental Mitigation Contingency and
$3,080,568 for Construction of Phase III A -1)
Total includes funds expended for schematic design ($150,000, Ordinance No 6844) and final
design ($247,000, Ordinance No 7047) development for HARP Phase III A -1.
SECTION 4.
The acceptance, approval and execution of the Financial Assistance Award Number 05 -01-
04239 from the U.S. Department of Commerce, Economic Development Administration for
construction of Phase III A -1 of the Historic Arkansas Riverwalk of Pueblo is hereby ratified and
authorized nunc pro tunc to February 13, 2006.
SECTION 5.
This Ordinance shall become effective immediately upon final passage and approval.
INTRODUCED February 13, 2006
BY Jeff Chostner
Councilperson
APPROVED: — ,
President of City Council
ATTESTED BY:
CITY CLERK
PASSED AND APPROVED February 27, 2006
3 ED
Background Paper for Proposed
ORDINANCE
AGENDA ITEM # 27
Substituted 02/24/06
DATE: FEBRUARY 13, 2006
DEPARTMENT: COMMUNITY DEVELOPMENT /JIM MUNCH
PLANNING DEPARTMENT /JIM MUNCH
TITLE
AN ORDINANCE ESTABLISHING A BUDGET FOR THE HISTORIC ARKANSAS
RIVERWALK OF PUEBLO - PHASE III A -1 PROJECT IN THE AMOUNT OF
$3,100,568, APPROPRIATING $3,003,568 FOR THE CONSTRUCTION OF SAID
PROJECT, AND RATIFYING THE ACCEPTANCE, APPROVAL AND EXECUTION OF
FINANCIAL ASSISTANCE AWARD NUMBER 05 -01 -04239 FROM THE U.S.
DEPARTMENT OF COMMERCE, ECONOMIC DEVELOPMENT ADMINISTRATION
FOR CONSTRUCTION OF PHASE III A -1 OF THE HISTORIC ARKANSAS
RIVERWALK OF PUEBLO
ISSUE
Should City Council establish a budget and appropriate funds for the construction of the
Historic Arkansas Riverwalk of Pueblo (HARP) project Phase III A -1 and ratify Financial
Assistance Award Number 05 -01 -04239 from the U.S. Department of Commerce,
Economic Development Administration (EDA)?
Approve the Ordinance.
The electors, in 1995, approved a question relating to a Limited Tax General Obligation
Bond for the financing of the Historic Arkansas Riverwalk Project. The scope of this
project was envisioned in 1995 and depicted in the November 26, 1996, HARP Program
Document, which was incorporated as a part of the HARP Intergovernmental
Agreement as the Development Plan. The Program Document depicts the HARP
extension between Grand Avenue and the Convention Center. To date the HARP
Project has completed Phase I — Channel and Infrastructure Development and the
Phase II (a, b & c) — Enhancements to the project. With the passage of the HARP
Bond, the project included the extension from Grand Avenue to the Convention Center,
which is the third phase of the project. With the completion of Phase II construction in
early 2000, the City, the HARP Authority, the HARP Foundation, and the Urban
Renewal Authority have been developing the design for the channel extension to the
Convention Center, known as Gateway Park (Phase III). See attached plan depicting
the final design. The City and the HARP Foundation have raised funds to begin
constructing Phase III A -1, which is the first step in building Phase IIII. Phase III A -1 will
including the preparation of the necessary construction drawings; subsurface
infrastructure and utility improvements; channel extension and attached walkway and
landscaping
This ordinance will also ratify the acceptance, approval and execution of the Financial
Assistance Award, Number 05- 01- 04239, from the U.S. Department of Commerce,
Economic Development Administration for funds to construct Phase III A -1.
FINANCIAL IMPACT
Ordinance No. 6844 established Capital Improvement Project No. PWHP07 for the
construction of the HARP Phase III project. This ordinance will budget $3,100,568 in
funds for Phase III A -1 of which $3,080,568 will fund the design, engineering and
construction and $20,000 will fund the environmental mitigation contingency. This
includes funds from the following sources:
$1,000,000
900,000
500,000
650,568
Economic Development Administration (EDA)
Department of Local Affairs to the City
Great Outdoors Colorado to the City
HARP Foundation ($100,000 per Ordinance No. 6844)
($247,000 per Ordinance No. 7047)
MERI IIX
$3,100,568*
Pueblo Urban Renewal Authority (per Ordinance No. 6844)
Total Cost ($20,000 for Environmental Mitigation Contingency
and $3,080,568 for Construction of Phase III A -1)
Total includes funds expended for schematic design ($150,000, Ordinance No 6844)
and final design ($247,000, Ordinance No 7047) development for HARP Phase III A -1.
The Economic Development Administration requires that the City certify that all the
match money is in place and committed to the project at the time the City approves and
executes the financial assistance award. To meet this requirement, the City will
appropriate an additional $3,003,568 from the City's general fund reserves. As funds
from the above referenced sources are received, a like amount will be returned to the
general fund. The total funds appropriated for the project with the passage of this
Ordinance are $3,500,568, this includes $3,003,568 /general fund, $100,000 in half -cent
sales tax interest/budgeted and appropriated in FY06, $150,000 /preliminary design, and
$247,OOO1final design. The difference in appropriated funds of $3,500,568 and the
$3,100,568 budgeted for construction of Phase III A -1 is $400,000. The Department of
Local Affairs provides this additional $400,000 under our agreement to rescind
Ordinance No. 7289. The City will transfer under separate Ordinance the $400,000 in
general funds appropriated for the HARP project to the Pueblo- Bessemer Utilities.
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