HomeMy WebLinkAbout5370RESOLUTION NO. 5370
A RESOLUTION AMENDING THE 1983 COMMUNITY DEVELOPMENT
BLOCK GRANT (CDBG) BUDGET BY TAKING $1,200,000 FROM THE
HOTEL CONVENTION CENTER ACCOUNT AND PLACING IT IN THE
SITE DEVELOPMENT- INDUSTRIAL PARK, PUEBLO MEMORIAL
AIRPORT BUDGET
WHEREAS, the City had allocated CDBG funds toward the Urban
Development Action Grant (UDAG) for the Hotel Convention Center; and
WHEREAS, the developer has been unable to complete the total
financing package for the Hotel Convention Center project; and
WHEREAS, the City is committing funding to site development at the
Industrial Park, Pueblo Memorial Airport for the Sperry Corporation; and
WHEREAS, funds are available from the following 1983 CDBG project
budget:
1983 CDBG PROJECT
PRESENT CDBG AMENDED CDBG
BUDGET BUDGET CHANGE
04- 1983 -1409 Hotel Convention
Center $1,200,000 -0- - $1,200,000
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PUEBLO, COLORADO, that these funds are hereby appropriated to the following
1984 CDBG project:
1984 CDBG PROJECT
04 -1984 -3018 Site Development -
Industrial Park, Pueblo Memorial
Airport
ATTEST:
City Clerk
PRESENT CDBG AMENDED CDBG
BUDGE BUDGET CHANGE
$ 300,000 $1,500,000 +$1,200,000
INTRODUCED April 23 , 1984
BY REIMAR VON KALBEN
Councilman
APPROVED:
Pres dent -; the Council