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HomeMy WebLinkAbout10792ORDINANCE NO. 10792 AN ORDINANCE APPROVING THE TRANSFER, BUDGET AND APPROPRIATION OF $48,000 FROM THE AIRPORT IMPROVEMENT TRUST FUND TO PROJECT ACCOUNT APAN03 VEHICLES & EQUIPMENT FOR THE PURPOSE OF PURCHASING EQUIPMENT FROM THE DENVER INTERNATIONAL AIRPORT SURPLUS SALE WHEREAS, the Denver International Airport is offering surplus equipment for purchase to airport within the State of Colorado; and, WHEREAS, the Pueblo Memorial Airport would like to purchase a Stripe Hog from this surplus sale; and, WHEREAS, the FAA has determined that this equipment is an acceptable use of land sale revenues; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Finds in the amount of $48,000.00 are hereby transferred from the Airport Improvement Trust Fund, budgeted and appropriated to Project Account APAN03 Vehicles & Equipment. SECTION 2. The officers and staff of the City are authorized to perform any and all acts consistent with this Ordinance to implement the policies and procedures described herein. SECTION 3. This Ordinance shall become effective on the date of final action by the Mayor and City Council. Action by City Council: Introduced and initial adoption of Ordinance by City Council on September 09, 2024. Final adoption of Ordinance by City Council on September 23, 2024. ____________________________ President of City Council Action by the Mayor: Approved on _______________. Disapproved on ______________ based on the following objections: ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ____________________________ Mayor Action by City Council After Disapproval by the Mayor: Council did not act to override the Mayor's veto. Ordinance re-adopted on a vote of ____________, on _____________ ____________________________ President of City Council ATTEST ________________________________ City Clerk City Clerk's Office Item # R2 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: September 23, 2024 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Greg Pedroza, Director Aviation SUBJECT: AN ORDINANCE APPROVING THE TRANSFER, BUDGET AND APPROPRIATION OF $48,000 FROM THE AIRPORT IMPROVEMENT TRUST FUND TO PROJECT ACCOUNT APAN03 VEHICLES & EQUIPMENT FOR THE PURPOSE OF PURCHASING EQUIPMENT FROM THE DENVER INTERNATIONAL AIRPORT SURPLUS SALE SUMMARY: This Ordinance approves the transfer, budget and appropriation of $48,000.00 from the Airport Improvement Trust Fund to Project Account APAN03 Vehicles & Equipment and allows utilization of these funds for the purchase of equipment from the Denver International Airport (DIA) surplus sale. Any unused, or reimbursed funds, will be returned to the Airport Improvement Trust Fund. PREVIOUS COUNCIL ACTION: None. BACKGROUND: Land that was deeded to the City of Pueblo as part of the transfer of the airport to the City is heavily regulated by the FAA. When land is released for sale, the funds must be held in a separate account. The funds can only be used for specific FAA approved expenditures. The FAA has agreed that the purchase of airport dedicated equipment is an allowable expenditure for these funds. DIA has equipment that they are offering to all Colorado airports for purchase. For sale is a Stripe Hog for $60,000.00. This equipment is used to remove runway striping without grinding and removing pavement. The FAA requires that new paint must be applied at regular intervals to ensure the safe FINANCIAL IMPLICATIONS: The total cost for the equipment purchase is $60,000.00. CDOT Division of Aeronautics will reimburse the City up to 80%, which is $48,000.00. The City will be responsible for are currently available in Project Account APAN03 Vehicles & Equipment. Funds in the amount of $48,000.00 will be transferred, budgeted and appropriated to Project Account APAN03 Vehicles & Equipment, from the Airport Improvement Trust Fund. These funds will be reimbursed by CDOT and funds will be returned to the Airport Improvement Trust Fund as required by the FAA. BOARD/COMMISSION RECOMMENDATION: Not applicable to this Ordinance. STAKEHOLDER PROCESS: Not applicable to this Ordinance. ALTERNATIVES: If this Ordinance is not approved, the equipment purchase will not occur. RECOMMENDATION: Approve the Ordinance. ATTACHMENTS: None