Loading...
HomeMy WebLinkAbout07674ORDINANCE NO. 7674 AN ORDINANCE BUDGETING AND APPROPRIATING $3,900,000 TO PROJECT CP0704, RADIO UPGRADE /TOWER CONSTRUCTION WHEREAS, the City supports the acquisition and implementation of an interoperable radio system to be used by public safety staff and other City employees, and WHEREAS, the City will be receiving funds made available from entering into a lease purchase agreement and other funding sources, such as grants, and WHEREAS, such funds must be appropriated before they can be expended to acquire; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: .qFr.T101\1 1 $3,900,000 is hereby appropriated to Project CP0704, Radio Upgrade /Tower Construction, from lease proceeds escrow. .qFrTInN 9 This ordinance shall become effective upon final passage and approval; provided, however, that its effectiveness shall be contingent upon City Council approval of a master equipment lease purchase agreement with All Points Public Funding, LLC, or its affiliate. INTRODUCED October 9, 2007 APPROVED: a u & " e - ) ESID NT%J City Council ATTESTED BY: CITY CLERK BY Randy Thurston Councilperson PASSED AND APPROVED: October 22, 2007 Ord. - TU - 14 D D D Background Paper for Proposed ORDINANCE \ AGENDA ITEM # 19 DATE: October 9, 2007 DEPARTMENT: Information Technology Director John Wilkinson TITLE AN ORDINANCE BUDGETING AND APPROPRIATING $3,900,000 TO PROJECT CP0704, RADIO UPGRADE/TOWER CONSTRUCTION ISSUE Should City Council approve an appropriation of $3,900,000 for the acquisition and installation of radio system equipment and software to be used by public safety personnel and other City staff? RECOMMENDATION Approval of the Ordinance BACKGROUND Subject to City Council approval, the City will be entering a lease purchase agreement for up to $3,900,000 for acquisition and implementation of a new radio system. Expenditures using funds from the lease purchase agreement cannot be made until additional funds are appropriated. This appropriation will allow the completion of the radio tower infrastructure, provide for hardware and software needed for the 9-1 -1 Dispatch Center, and allow acquisition of the radios needed to address all City departments' radio requirements. Although the lease purchase agreement would be the primary source of funds for this appropriation, grant funding, if received, could potentially supplant lease purchase funding. This would allow the City to reduce the lease purchase amount and lower the payments. FINANCIAL IMPACT The appropriation will allow total expenditures up $3,900,000. Annual payments, all of which would be subject, every year, to budgeting and appropriation by City Council, would be $474,738, assuming a worse -case scenario of no grant funding being applied to the lease purchase outstanding balance. The term of the lease purchase is ten years. For the 2008 budget, staff will recommend that $300,000 of the payment amount be drawn from the e911 surcharge and the $174,738 be drawn from interest on the % Cent sales tax revenue.