HomeMy WebLinkAbout07706ORDINANCE NO. 7706
AN ORDINANCE BUDGETING AND APPROPRIATING AN INCREASE OF $177,000 TO THE
HISTORIC ARKANSAS RIVERWALK OF PUEBLO - PHASE III A -1 CAPITAL IMPROVEMENT
PROJECT NO. PWHP07
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The budget for the Historic Arkansas Riverwalk of Pueblo, Phase IIIA -1 Capital
Improvement Project No. PWHP07 was established by Ordinance No. 7442 in the amount of
$3,100,568 and increased an additional $118,800 by Ordinance No. 7605.
SECTION 2.
Capital Improvement Project No. PWHP07, HARP Phase IIIA -1, is hereby budgeted and
appropriated an additional increase of $177,000 to the project budget.
SECTION 3.
The HARP Foundation will provide the said funds to the City at the end of the project.
INTRODUCED December 10, 2007
BY Randy Thurston
Councilperson
APPROVED: a
ESID NT%J City Council
ATTESTED BY:
CITY CLERK
PASSED AND APPROVED: December 31, 2007
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Background Paper for Proposed
ORDINANCE
AGENDA ITEM # : IT- al
DATE: DECEMBER 10, 2007
DEPARTMENT: JERRY M. PACHECO, ASSISTANT CITY MANAGER FOR
COMMUNITY DEVELOPMENT
TITLE
AN ORDINANCE BUDGETING AND APPROPRIATING AN INCREASE OF $177,000
TO THE HISTORIC ARKANSAS RIVERWALK OF PUEBLO - PHASE III A -1 CAPITAL
IMPROVEMENT PROJECT NO. PWHP07
ISSUE
Should City Council budget and appropriate an increase to the Historic Arkansas
Riverwalk of Pueblo (HARP) Phase III A -1 project in the amount of $177,000?
RECOMMENDATION
Approve the Ordinance.
BACKGROUND
Ordinance No. 6844 established Capital Improvement Project No. PWHP07 for the
construction of the HARP Phase III project. In February 2006, Ordinance No. 7442
established the initial budget for the Historic Arkansas Riverwalk of Pueblo, Phase IIIA -1
Capital Improvement Project No. PWHP07 in the amount of $3,100,568. In June 2007,
Ordinance No. 7605 increased the budget by an additional $118,800, which the City
received a HUD Special Projects Grant from the U.S. Department of Housing and Urban
Development.
At the beginning of constructing the project, the Board of Water Works pledged that they
would cover the costs for extending the raw water line. Seventy seven thousand dollars
($77,000) of those funds are for raw water line improvements. The remaining $100,000
will come from the HARP Foundation.
FINANCIAL IMPACT
The project includes funds from the following sources
$1,000,000
900,000
500,000
750,568
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)
118,800
77,000
50,000
$3,396,368
HUD Special Projects Grant
HARP Foundation (through a donation by the BOWW)
Pueblo Urban Renewal Authority (per Ordinance No. 6844)
Total Cost
Total includes funds expended for schematic design ($150,000, Ordinance No 6844) and
final design ($247,000, Ordinance No 7047) development for HARP Phase 111 A -1.
At the December 26, 2007 meeting, the City will hear an amended agreement with the
HARP Foundation transferring the additional $177,000 in funds to the City of Pueblo.
The in -kind contributions to the project from the HARP Foundation which are not
included as part of the budget and appropriation, but will be included to the total value of
the project improvements are as follows:
$100,000
70,000
45,200
10,000
5,500
20,000
2,000
13,000
2,000
10,000
2,500
$280,200
Aquila
GCC /LaFarge
Beltramo and Sons
T &T Electric
C &C Sand and Stone
Summit Brick and Tile
Haddonstone
Southside Landscaping
GS Masonry
ML Strasia & Sons
Montano Concrete
Total Value of In -Kind Contributions