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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