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Home My WebLink About07890ORDINANCE NO. 7890 AN ORDINANCE BUDGETING AND APPROPRIATING AN INCREASE OF $197,917.58 TO THE ARKANSAS RIVER TRAIL RECONSTRUCTION PROJECT, PHASE 2, PROJECT NO. AL0601, TRANSFERRING $62,917.58 FROM THE PARK LAND ESCROW ACCOUNT, APPROVING AN AMENDMENT TO THE JULY 7, 2006 AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND COLORADO DEPARTMENT OF TRANSPORTATION RELATING TO THE ARKANSAS RIVER TRAIL PHASE 2 RECONSTRUCTION PROJECT, AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE THE SAME WHEREAS, City Council has entered into a Contract with the Colorado Department of Transportation "Transportation Enhancement Program" for the Arkansas River Trail Reconstruction Project, No. STE M086 -046 (Resolution No. 10722). BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Capital Improvement Project No. AL0601, Arkansas River Trail Phase 2 Project, is hereby budgeted and appropriated an increase of $197,917.58 to the 2008 Capital Budget. SECTION 2. City Council finds and determines that the Arkansas River Trail Phase 2 Project serves the following subdivisions and residents thereof and meets the intent of Section 12 -4 -7 (e)(3) of the Pueblo Municipal Code: Scania Park (Acct. No. DE0001) Los Coralles Sub (Acct No. DE0006) Pueblo Waterpark (Acct No. DE0010) Hill's Sub (Acct No. DE0010) Shannon Park (Acct No. DE0015) Pendergast Inv (Acct No. DE0016) Holman and Wagner (Acct No. DE0017) Lmn Corp Park (Acct No. DE0021) Woodcrest Homes (Acct No. DE0025) Pierce's Sub (Acct No. DE0029) Security Title Guaranty (Acct No. DE0033) $ 1,043.45 $ 18.73 $ 9,540.44 $ 1,240.24 $ 477.00 $ 810.95 $ 357.74 $ 596.25 $14,310.71 $ 1,371.42 $28,678.57 SECTION 3. $62,917.58 is hereby transferred from the Park Land Escrow Accounts set forth in Section 2 herein to Project Account No. AL0601. RFrTInN d The Amendment to the Agreement, dated October 13, 2008, between the City of Pueblo, a Municipal Corporation, and the Colorado Department of Transportation for the Arkansas River Trail Phase 2 Project increasing the funding from the State of Colorado by $135,000, a copy of which is attached hereto, having been approved as to form by the City Attorney, is hereby approved. The President of the City Council is authorized to execute the Amendment in the name of the City and the City Clerk is directed to affix the seal of the City thereto and attest same. 0Fr.TinN This Ordinance shall become effective immediately upon final passage and approval. BY Randy Thurston Councilperson PRt %rtw unri, A sr) a { CLEFW INTRODUCED September 22, 2008 PASSED AND APPROVED: October 14, 2008 E �� L MOW Background Paper for Proposed ORDINANCE AGENDA ITEM # 40 DATE: SEPTEMBER 22, 2008 DEPARTMENT: PLANNING AND COMMUNITY DEVELOPMENT JERRY M. PACHECO, DIRECTOR 1111111114 AN ORDINANCE BUDGETING AND APPROPRIATING AN INCREASE OF $197,917.58 TO THE ARKANSAS RIVER TRAIL RECONSTRUCTION PROJECT, PHASE 2, PROJECT NO. AL0601, TRANSFERRING $62,917.58 FROM THE PARK LAND ESCROW ACCOUNT, APPROVING AN AMENDMENT TO THE JULY 7, 2006 AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND COLORADO DEPARTMENT OF TRANSPORTATION RELATING TO THE ARKANSAS RIVER TRAIL PHASE 2 RECONSTRUCTION PROJECT, AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE THE SAME ISSUE Should the City Council approve an increase of $197,917.58 to the Arkansas River Trail Reconstruction Project No. AL0601, transfer $62,917.58 from the Park Land Escrow Account into the project and approve an amendment to the July 7, 2006 agreement between the City of Pueblo and the Colorado Department of Transportation (CDOT) increasing the funding from CDOT by $135,000 and authorizing the President of City Council to execute the amendment? RECOMMENDATION Approval of the Ordinance. BACKGROUND On July 7, 2006, the City entered into an agreement with the CDOT to receive $350,000 in Transportation Enhancement Funds to assist with the reconstruction of the Arkansas River Trail. Due to increases in the cost of construction using concrete, the City applied for a second grant application in March, 2006. The funds in the amount of $135,000 awarded from the March, 2006 application will increase the total funding from CDOT for the project to a total of $485,000. As part of the matching funds for the project, this ordinance will transfer $62,917.58 from the Park Land Escrow Account into the project. These funds will be used for the reconstruction of the Arkansas River Trail that serves as a regional trail that benefits the entire Pueblo community. The estimated budget for the project is $606,762.24, which includes the following funding sources: CDOT Enhancement Funds $485,000.00 Park Land Escrow (transferred) $ 62,917.58* Wastewater Funds (previously transferred) $ 58,844.66 Total Cost $606,762.24 * NOTE: Funds to be transferred from the following Park Land Escrow accounts: Scania Park (Acct. No. DE0001) $ 1,043.45 Los Coralles Sub (Acct No. DE0006) $ 18.73 Pueblo Waterpark (Acct No. DE0010) $ 9,540.44 Hill's Sub (Acct No. DE0010) $ 1,240.24 Shannon Park (Acct No. DE0015) $ 477.00 Pendergast Inv (Acct No. DE0016) $ 810.95 Holman and Wagner (Acct No. DE0017) $ 357.74 Lmn Corp Park (Acct No. DE0021) $ 596.25 Woodcrest Homes (Acct No. DE0025) $14,310.71 Pierce's Sub (Acct No. DE0029) $ 1,371.42 Security Title Guaranty (Acct No. DE0033) $28,678.57 FINANCIAL IMPACT The Arkansas River Trail Reconstruction Project No. AL0601 will be increased by $197,917.58 to a total of $865,219.65 for the project. The amount of $258,457.41 was spent previously this year for a portion of the project leaving a remaining balance of $606,762.24 to complete the project as identified in the amended contract with CDOT. The City currently has $408,844.66 budgeted in the project account from the current grant from CDOT ($350,000) and funds in the amount of $58,844.66 that is the remaining portion of the Wastewater Department contribution to replace the trail following the installation of the new sanitary sewer line along the bank of the Arkansas River. The transferring of $62,917.58 from the Park Land Escrow Account will complete the total project budget and satisfy the City's contract obligation for providing the required matching funds.