HomeMy WebLinkAbout07449ORDINANCE NO. 7449
AN ORDINANCE TRANSFERRING FUNDS FROM THE HISTORIC ARKANSAS RIVERWALK OF
PUEBLO – PHASE III A -1 PROJECT PWHP07 AND SANTA FE AVENUE IMPROVEMENT
PROJECT PL0607 TO THE PUEBLO - BESSEMER UTILITIES PROJECT PL0504
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1
General Fund monies in the amount of $300,000 from Project PWHP07 Historic Arkansas
Riverwalk of Pueblo – Phase III A -1 shall be transferred to Pueblo- Bessemer Utilities Project No.
PL0504.
SECTION 2
General Fund monies in the amount of $100,000 from the Santa Fe Avenue Improvement
Project No. PL0607 shall be transferred to Pueblo- Bessemer Utilities Project PL0504.
SECTION 3
General Fund monies in the amount of $30,000 from the Water Rights Litigation Project
CP0139 shall be transferred to the Pueblo- Bessemer Utilities Project PL0504.
SECTION 4
General Fund monies in the amount of $70,000 from the Vehicle Replacement Project
CPO505 shall be transferred to the Pueblo- Bessemer Utilities Project PL0504.
SECTION 5
Half -cent Sales Tax Interest monies in the amount of $100,000 from the Historic Arkansas
Riverwalk of Pueblo – Phase III A -1 Project PWHP07 shall be transferred to the Vehicle
Replacement Project CPO505.
SECTION 6
This Ordinance shall become effective immediately upon final passage and approval.
INTRODUCED February 27, 2006
BY Randy Thurston
Councilperson
APPROVED: — ,
President of City Council
ATTESTED BY:
CITY CLERK
PASSED AND APPROVED March 27, 2006
W. 44 14qq
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Background Paper for Proposed
ORDINANCE
AGENDA ITEM #,W a9
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DATE: FEBRUARY 27, 2006
DEPARTMENT: COMMUNITY DEVELOPMENT /JIM MUNCH
PLANNING DEPARTMENT /JIM MUNCH
TITLE
AN ORDINANCE TRANSFERRING FUNDS FROM THE HISTORIC ARKANSAS
RIVERWALK OF PUEBLO — PHASE III A -1 PROJECT PWHP07 AND SANTA FE
AVENUE IMPROVEMENT PROJECT PLO607 TO THE PUEBLO - BESSEMER
UTILITIES PROJECT PLO504
ISSUE
Should the City Council approve an Ordinance transferring funds from the Historic
Arkansas Riverwalk of Pueblo — Phase III A -1 PWHP07 and Santa Fe Avenue
Improvement Project PL0607 to the Pueblo- Bessemer Utilities Project PL0504?
RECOMMENDATION
Approve the Ordinance,
Due to technical issues in complying with the ownership requirements of the utility
separation and infrastructure in the Steelworks Museum, the City is rescinding
Ordinance No. 7289 which approved EIAF Contract #4813 Pueblo- Bessemer Utilities.
In rescinding the Ordinance, the City asked the Department of Local Affairs to
redistribute the $500,000 awarded to the utility project to two other EIAF projects in the
City: HARP Gateway Park Phase III A -1 and Pueblo Downtown Improvements (Santa
Fe Streetscape). The City, in turn, agreed to take general fund money already
budgeted for these two projects and transfer the funds to the Pueblo- Bessemer Utilities
project. The City and the Bessemer Historical Society have already entered into a
delegation agreement relating to the project, entered into contracts, begun performing
the work and incurred costs. This arrangement allows the work at the Steelworks
Museum to be completed.
FINANCIAL IMPACT
DOLA will increase the following EIAF projects in the following amounts:
EIAF #4925 HARP Gateway Park Phase III A -1 $400,000
EIAF #4726 Pueblo Downtown Improvements $100,000
The City will transfer like amounts of general fund monies budgeted for each project to
the Pueblo- Bessemer Utilities project.
There will be no net financial impact to the City, and this action will allow the Bessemer
Historical Society to continue the needed utility separation and upgrade to the
Steelworks Museum.