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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.