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Home My WebLink About08022ORDINANCE NO. 8022 AN ORDINANCE TRANSFERRING $249,419.00 FROM THE LAKE MINNEQUA FEEDER DITCH PROJECT SW0601, $25,000.00 FROM THE LAKE MINNEQUA MULTI -USE FACILITY PROJECT SW0602, TRANSFERRING $200,000.00 IN FUNDS FROM THE LOWER ARKANSAS VALLEY WATER CONSERVANCY DISTRICT AND BUDGETING AND APPROPRIATING AN INCREASE OF $474,419.00 TO THE MINNEQUA LAKE CONSTRUCTION PROJECT NO. ML0603 BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The Minnequa Lake Capital Improvement Project is hereby budgeted and appropriated an increase of $474,419.00 to the 2009 Capital Budget. SECTION 2. $249,419.00 is hereby transferred from the Minnequa Lake Feeder Ditch Project No. SW0601 to the Minnequa Lake Construction Project No. ML0603. SFrTin S $25,000.00 is hereby transferred from the Minnequa Lake Multi -Use Facility Project SW0602 to the Minnequa Lake Construction Project No. ML0603. SFrTinN 4 $200,000.00 in funds from the Lower Arkansas Valley Water Conservancy District is hereby transferred to the Minnequa Lake Construction Project No. ML0603. SECTION 5. This Ordinance shall become effective upon final passage and approval. INTRODUCED: June 8. 2009 A77TSTFD SY: CITY CLERK PASSED AND APPROVED: June BY: Randy Thurston C PERSON APPR D' } �. PRESIDENTaf Cfty Council KI! Background Paper for Proposed ORDINANCE DATE: JUNE 8, 2009 AGENDA ITEM # 14 DEPARTMENT: PLANNING AND COMMUNITY DEVELOPMENT JERRY M. PACHECO, DIRECTOR TITLE AN ORDINANCE TRANSFERRING $249,419.00 FROM THE LAKE MINNEQUA FEEDER DITCH PROJECT SW0601, $25,000.00 FROM THE LAKE MINNEQUA MULTI -USE FACILITY PROJECT SW0602, TRANSFERRING $200,000.00 IN FUNDS FROM THE LOWER ARKANSAS VALLEY WATER CONSERVANCY DISTRICT AND BUDGETING AND APPROPRIATING AN INCREASE OF $474,419.00 TO THE MINNEQUA LAKE CONSTRUCTION PROJECT NO. ML0603 ISSUE Should the City Council approve an Ordinance transferring $249,419.00 from the Lake Minnequa Feeder Ditch Project No. SW0601, $25,000.00 from the Lake Minnequa Multi -use Facility Project No. SW0602, transferring $200,000.00 in funds from the Lower Arkansas Valley Water Conservancy District and budget and appropriate an increase of $474,419.00 to the Minnequa Lake Construction Project No. ML0603? Approval of the Ordinance. BACKGROUND On August 14, 2006, the City approved Ordinance No. 7502 budgeting and appropriating $4,650,000.00 for the land acquisition and construction of the Minnequa Lake Park and Open Space Project. The revised budget reviewed with City Council in October 2008 for the project is $5,124,419.00, which is an increase of $474,419.00. The main reasons for the additional expense is the completion of a voluntary clean up plan for the 1.75 -acre slag area located along the southeast side of the lake and additional costs for the purchase of the Evraz /Rocky Mountain Steel outlet pipe system to drain stormwater and pass through water provided by the Lower Arkansas Valley Water Conservancy District out of lake. The stormwater funds in the Lake Minnequa Feeder Ditch Project No. SW0601 and the Lake Minnequa Multi -use Facility Project No. SW0602 are approved in the 2009 budget and will be transferred into the Minnequa Lake Construction Project No. ML0603. The funding sources for the project are listed below based on whether the revenues are fully secured, pending final commitment to the project, and city general funds. Secured Fundin Great Outdoors Colorado $2,300,000 City Stormwater Funds $ 699,419 HUD - EDI Funds $ 118,600 State of Colorado EIAFGrants $ 650,000 Lower Ark. Water Conservancy District $ 200,000 City General Funds $ 336,400 Sub -Total Secured Funding $4,304,419 Pendlno Funds - to be reimbursed to General Fund Division of Wildlife - Fishing Is Fun (under contract by July, 2009) $ 100,000 Conservation Trust Funds (reimbursed to project in 2010) $ 300,000 Lower Ark. Water Conservancy District (to be paid in 2010 and 2011) $ 400,000 Colorado Division of Wildlife (In -Kind) $ 10,000 Arkansas Valley Audubon Society (In -Kind) $ 10,000 Sub -Total Pending Funding $ 820,000 Total Cost $5,124,419 FINANCIAL IMPACT A total of $820,000.00 of the General Fund revenues will to be reimbursed from contributions from a Colorado Division of Wildlife Fishing Is Fun grant ($100,000.00), remaining funds committed by the Lower Arkansas Valley Water Conservancy District ($400,000.00), $300,000.00 in from City Conservation Trust Funds in 2010, and volunteer commitments from the Colorado Division of Wildlife and the Arkansas Valley Audubon ($20,000.00). A total of $336,400.00 of the General Funds will ultimately be used for the first phase of the project. The City will be required to pay for the construction of the project initially from City funds and following completion of each portion of the project in which grant funds have been contracted; the City will be reimbursed by the funding agency. City must maintain the improvements at Lake Minnequa during its useful life. The stormwater improvements will be funded from the Stormwater Utility and the other park and open space improvements (trails, picnic shelter, parking, basketball courts, and upland open space) would be paid from the General Fund. The estimated annual operation costs for the Phase 1 improvements for the Minnequa Lake Project are listed below: Area Acres Maintenance Cost (per acre) Developed park/tree care 6.0 $5,000 $ 30,000 Wetland areas 24.0 $ 500 $ 12,000 Undeveloped park 116.0 $ 250 $ 29,000 Open water 100.0 $ 100 $ 10,000 Shoreline areas 30.0 $1,000 $ 30,000 Feeder Ditch Corridor 35.0 $ 250 $ 8,750 Trails /Maintenance Roads 4.0 $2,000 $ 8,000 Total 315.0 $405.55 $127,750