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HomeMy WebLinkAbout10760 City Clerk's Office Item # R4 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: August 26, 2024 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Greg Pedroza, Director Aviation SUBJECT: AN ORDINANCE TRANSFERRING, BUDGETING, AND APPROPRIATING REIMBURSEMENT PROCEEDS IN THE AMOUNT OF $7,526.70 INTO THE AIRPORT OPERATING BUDGET ACCOUNT NO. 54070100-56012 - REPAIR AND MAINTENANCE SUPPLIES SUMMARY: This Ordinance transfers, budgets, and appropriates reimbursement proceeds in the amount of $7,526.70 for crack fill material purchased for the Pueblo Memorial Airport. PREVIOUS COUNCIL ACTION: None. BACKGROUND: The Colorado Department of Transportation (CDOT) Aeronautics Division Crack Fill program will reimburse airports 90% of the crack fill material cost up to $10,000 annually. FINANCIAL IMPLICATIONS: Pueblo Memorial Airport purchased $8,363.00 in crack fill material and CDOT reimbursed 90% of the total cost. Reimbursement funds in the amount of $7,526.70 will be transferred into Account No. 54070100-56012-Repair and Maintenance Supplies from the Airport Revenue Fund and will be used to purchase supplies for the airport. BOARD/COMMISSION RECOMMENDATION: Not applicable to this Ordinance. STAKEHOLDER PROCESS: Not applicable to this Ordinance. ALTERNATIVES: If this Ordinance is not approved, the reimbursement funds will not be transferred. RECOMMENDATION: Approve the Ordinance. ATTACHMENTS: None ORDINANCE NO. 10760 AN ORDINANCE TRANSFERRING, BUDGETING, AND APPROPRIATING REIMBURSEMENT PROCEEDS IN THE AMOUNT OF $7,526.70 INTO THE AIRPORT OPERATING BUDGET ACCOUNT NO. 54070100-56012 - REPAIR AND MAINTENANCE SUPPLIES WHEREAS, the Colorado Department of Transportation (CDOT) Aeronautics Division has reimbursed the Pueblo Memorial Airport for crack fill material purchased; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Upon receipt, reimbursement proceeds in the amount of $7,526.70 shall be budgeted, appropriated, and transferred into Operating Budget Account No. 54070100-56012-Repair and Maintenance Supplies from the Airport Revenue Fund. SECTION 2. The officers and staff of the City are authorized to perform any and all acts consistent with this Ordinance to implement the policies and procedures described herein. SECTION 3. This Ordinance shall become effective on the date of final action by the Mayor and City Council. Action by City Council: Introduced and initial adoption of Ordinance by City Council on August 12, 2024. Final adoption of Ordinance by City Council on August 26, 2024. ____________________________ President of City Council Action by the Mayor: Approved on _______________. Disapproved on ______________ based on the following objections: ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ____________________________ Mayor Action by City Council After Disapproval by the Mayor: Council did not act to override the Mayor's veto. Ordinance re-adopted on a vote of ____________, on _____________ ____________________________ President of City Council ATTEST ________________________________ Deputy City Clerk