HomeMy WebLinkAbout08160ORDINANCE NO. 8160
AN ORDINANCE AUTHORIZING THE TRANSFER OF
$130,000 FROM THE HARP LAND SALES FUND TO HARP
PHASE IIIA -2— VISITORS CENTER AND GATEWAY PARK
BRIDGE PROJECT, CAPITAL PROJECT NO. PWHP08,
AND BUDGETING AND APPROPRIATING THE
ADDITIONAL AMOUNT OF $168,066 TO CAPITAL
PROJECT PWHP08
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SFOTinN 1
Funds in the amount of $130,000 shall be transferred from the HARP Land Sales
Fund to the Visitor Center and Gateway Park Bridge Project, Capital Project No.
PWHP08. Pursuant to Amendment 1 to the Cooperation Agreement between Pueblo, a
Municipal Corporation and the HARP Foundation ( "Foundation "), the additional $38, 066
to be paid by Foundation shall be deposited to Capital Project No. PWHP08.
SECTION 2.
An additional amount of $168,066 is hereby budgeted and appropriated for the
HARP Phase II IA -2 – Visitors Center and Gateway Park Bridge Project, Capital Project
No. PWHP08 to be used for the construction of said project. The amended budget for
Capital Project No. PWHP08 is $1,538,624.
INTRODUCED: March 8, 2010
BY: Judy Weaver
COUNCILPERSON
APPROVED:
RESIDENT CF CITY CC) UNCIL
ATTESTED BY:
GIB' Y CLERK
PASSED AND APPROVED: March 22, 2010
DATE: MARCH 8, 2010 AGENDA ITEM # R -7
DEPARTMENT: PLANNING AND COMMUNITY DEVELOPMENT
JERRY M. PACHECO, DIRECTOR
TITLE
AN ORDINANCE AUTHORIZING THE TRANSFER OF $130,000 FROM THE HARP LAND
SALES FUND TO HARP PHASE IIIA -2— VISITORS CENTER AND GATEWAY PARK BRIDGE
PROJECT, CAPITAL PROJECT NO. PWHP08, AND BUDGETING AND APPROPRIATING
THE ADDITIONAL AMOUNT OF $168,066 TO CAPITAL PROJECT PWHP08
ISSUE
Should the City Council approve an ordinance budgeting and appropriating $168,066 to the
construction of Phase IIIA -2 of the Historic Arkansas Riverwalk of Pueblo project and transfer
$130,000 from the HARP Land Sales Fund for said project?
RECOMMENDATION
Approval of the Ordinance.
BACKGROUND
The breakdown of the budget for Project PWHP08 is as follows
Revenue:
EIAF / DOLA Funds
$279,936
Original HARP Foundation Funds
$490,622
CDOT – AR RA Funds
$600,000
Sub -total $1,370,558
HARP Land Sale Transfer
$130,000
Additional HARP Foundation Funds
$ 38,066
TOTAL
$ 1,538,624
EXPENSES:
Visitors Center Construction
$191,482
Gateway Park Bridge (Veterans Bridge)
$1,347,142
TOTAL
$ 1,538,624
FINANCIAL IMPACT
There is no financial impact to the City of Pueblo.
Matching funds will be provided by the HARP
Foundation, per Amendment No. 1 to the 12/1/08
Cooperation Agreement.