HomeMy WebLinkAbout07818ORDINANCE NO. 7818
AN ORDINANCE AMENDING THE 2008 CITY BUDGET, BY APPROPRIATING AND
BUDGETING $200,000 FROM THE CTF (LOTTERY) FUND AND TRANSFERRING THAT
AMOUNT TO THE CAPITAL PROJECTS FUND PROJECT CP0224, ICE ARENA RENOVATION.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1 _
That $200,000 be appropriated and budgeted from the CTF Fund (Lottery) and transferred
to capital project (CP0224), Ice Arena Renovation.
SECTION 2_
This ordinance shall be effective upon final approval.
INTRODUCED May 27, 2008
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Background Paper for Proposed
ORDINANCE
AGENDA ITEM T"
DATE: May 27, 2008
DEPARTMENT: ROBERT F. HAIN, FINANCE DIRECTOR
TITLE
AN ORDINANCE AMENDING THE 2008 CITY BUDGET, BY
APPROPRIATING AND BUDGETING $200,000 FROM THE CTF
(LOTTERY) FUND AND TRANSFERRING THAT AMOUNT TO
THE CAPITAL PROJECTS FUND PROJECT CP0224, ICE
ARENA RENOVATION.
ISSUE
Should the City Council authorize the appropriation and budgeting of additional funds for the
Ice Arena Renovation Project?
RECOMMENDATION
Approval of the Ordinance.
BACKGROUND
These additional funds are needed to provide for the installation of a dehumidification
system, entry and front office renovation, and replacement of the flooring surfaces around the
rink. It is anticipated that, with the exception of the addition of the Zamboni room, this will
complete the proposed renovation of the Ice arena.
FINANCIAL IMPACT
The current year CTF funds have been appropriated for other projects, this appropriation will
require the reservation of $200,000 of 2009 CTF revenue.