HomeMy WebLinkAbout07819ORDINANCE NO. 7819
AN ORDINANCE INCREASING THE 2008 APPROPRIATION TO THE HARP AUTHORITY AND
BUDGETING AND APPROPRIATING THE AMOUNT OF $45,000 FROM THE HARP LAND
SALES FUND THEREFOR
WHEREAS, the HARP Authority has requested additional funds in the amount of $25,000
to pay for the cost of relocation of the Confluence Fountain, as well as $20,000 in additional funds
for the balance of development incentives for Lots 3 and 4 on the Riverwalk; therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1:
The amount of $45,000 is hereby budgeted and appropriated from the fund balance of the
HARP Land Sales fund for payment to the HARP Authority.
SECTION 2:
This Ordinance shall be effective immediately upon passage.
INTRODUCED May 27, 2008
Background Paper for Proposed
ORDINANCE
AGENDA ITEM # 1 0
DATE: May 19, 2008
DEPARTMENT: OFFICE OF THE CITY MANAGER
DAVID J. GALLI, CITY MANAGER
DOUGLAS M. FITZGERALD, ASSISTANT CITY MANAGER
TITLE
AN ORDINANCE INCREASING THE 2008 APPROPRIATION TO THE HARP
AUTHORITY AND BUDGETING AND APPROPRIATING THE AMOUNT OF $45,000
FROM THE HARP LAND SALES FUND THEREFOR
ISSUE
Should the City Council approve an additional appropriation in the amount of $45,000 for the
HARP Authority?
RECOMMENDATION
Approval of the Ordinance
BACKGROUND
The HARP Authority is responsible for the operation and maintenance of the Historic Arkansas
Riverwalk of Pueblo. The Authority has requested additional funds in the amount of $45,000.
Of this amount, $25,000 is to pay for expenses related to the relocation of the Confluence
Fountain located across from the Xcel Energy amphitheater. The original construction of the
fountain caused the mechanical room to flood regularly. It was determined that the fountain
should be relocated and the mechanical room reconstructed with a different design. The amount
of $20,000 is requested as the remaining balance needed for development incentives for Lots 3
and 4 on the Riverwalk. The initial payment of $20,000 for these incentives is included in City's
2008 budget.
For additional details regarding this request, a copy of the Memo of May 19, 2008, from Steve
Arveschoung, HARP Authority, to the City Council is included herewith.
FINANCIAL IMPACT
The amount of $45,000 will be taken from the fund balance of the HARP Land Sales fund.