HomeMy WebLinkAbout07882ORDINANCE NO. 7882
AN ORDINANCE TRANSFERRING $11,276 FROM THE CUSTOMER DEPOSITS FUND INTO
THE CAPITAL IMPROVEMENT FUND FOR PROJECT NO. AP0802 — STATE GRANT
EQUIPMENT PURCHASES AND BUDGETING AND APPROPRIATING FOR SAME
WHEREAS, City Council accepted State Aviation System Grant Agreement No. 08- PUB -02
and established Project No. AP0802 — State Grant Equipment Purchases on May 27, 2008 for the
purchase of equipment for the Pueblo Memorial Airport; and
WHEREAS, a change in the scope of the grant has been requested and approved by the
State Division of Aeronautics to include the purchase of a skid loader; and
WHEREAS, additional matching funds in the amount of $11,276 are required and these
funds are available in the Customer Deposits Fund; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Funds in the amount of $11,276 shall be transferred from the Customer Deposits Fund into
Project No. AP0802 — State Grant Equipment Purchases ( "Project ").
SECTION 2.
Said funds are hereby budgeted and appropriated for the Project.
BY Randy Thurston
Councilperson
APPROVE �.
A S D 1ay,
� CLERK
INTRODUCED September 8, 2008
PASSED AND APPROVED: September 22, 2008
Background Paper for Proposed
ORDINANCE
AGENDA ITEM # 3�
DATE: September 8, 2008
DEPARTMENT: AVIATION - JERRY BRIENZA, DIRECTOR OF AVIATION
TITLE
AN ORDINANCE TRANSFERRING $11,276 FROM THE CUSTOMER DEPOSITS
FUND INTO THE CAPITAL IMPROVEMENT FUND FOR PROJECT NO. AP0802 —
STATE GRANT EQUIPMENT PURCHASES AND BUDGETING AND
APPROPRIATING FOR SAME
ISSUE
Should City Council approve the transfer of funds from the Customer Deposits Fund to
Project No. AP0802.
RECOMMENDATION
Approval of this Ordinance.
On May 27, 2008, City Council accepted a State Aviation System Grant and established
Project No. AP0802 for the purpose of purchasing a loader, paint machine, and paint for
Pueblo Memorial Airport. The paint that was requested in the grant was intended to
correct a ramp safety issue, however, the scope and extent of work necessary to correct
the ramp safety issue dramatically increased and the FAA has also become involved with
the funding to for this project. Due to this change, a request was sent to the State
Division of Aeronautics asking that the funds for the paint as well as remaining funds
from the purchase of the loader and paint machine be applied toward the purchase of a
skid loader. The State has approved this request.
FINANCIAL IMPACT
The amount required to purchase the skid loader is $29,040. There are currently $17,764
remaining in the grant. Therefore, an additional $11,276 is required. In years past,
monies received from the aviation fuel tax were kept in the Customer Deposits Fund and
must be used for aviation purposes. There are sufficient funds available on deposit for
this purchase. The amount of $11,276 will be transferred from the Customer Deposits
Fund to Project No. AP0802 — State Grant Equipment Purchases.