HomeMy WebLinkAbout08144ORDINANCE NO. 8144
AN ORDINANCE BUDGETING AND APPROPRIATING
INSURANCE PROCEEDS IN THE AMOUNT OF $80,000
FOR HAIL DAMAGE REPAIRS AND DEPOSITING SAID
FUNDS INTO CAPITAL PROJECT NO. CPAN20 — CITY
BUILDING REPAIRS
and;
WHEREAS, in the summer of 2009, the City of Pueblo experience a major hail storm,
WHEREAS, said hail storm caused damage to many City buildings;
WHEREAS, the City has received proceeds from the insurance company for the costs to
repair such damages;
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO. that:
Upon receipt, insurance proceeds in the amount of $80,000 shall be transferred into
Capital Project No. CPAN20 —CITY BUILDING REPAIRS.
INTRODUCED: February 8, 2010
BY: Judy Weaver
COUNCILPERSON
APPROVED:
RESIDENT CF CITY CC) UNCIL
ATTESTED BY:
GIB' Y CLERK
PASSED AND APPROVED: February 22. 2010
Background Paper for Proposed
ORDINANCE
DATE: FEBRUARY 8, 2010 AGENDA ITEM # R -2
DEPARTMENT: PUBLIC WORKS
DIRECTOR — EARL WILKINSON, P.E.
TITLE
AN ORDINANCE BUDGETING AND APPROPRIATING INSURANCE PROCEEDS IN
THE AMOUNT OF $80,000 FOR HAIL DAMAGE REPAIRS AND DEPOSITING SAID
FUNDS INTO CAPITAL PROJECT NO. CPAN20 — CITY BUILDING REPAIRS
ISSUE
Should City Council authorize the use of funds in the amount of $80,000 in insurance
proceeds to repair hail damage?
Approval of this Ordinance.
BACKGROUND
In the summer of 2009, a large portion of the City of Pueblo received damage
attributable to a major hail storm. Due to the storm, several City buildings received
damage to rooftops, windows, screens, and skylights.
Resolution of the City's insurance claim provides for payment by the insurance
company for repair of the damages.
FINANCIAL IMPACT
Funds in the amount of $80,000 will be deposited into CPAN20 — City Building Repairs
and will be used to repair the hail damage.