HomeMy WebLinkAbout6386RESOLUTION 6386
A RESOLUTION AUTHORIZING AN APPROPRIATION TO THE
COLORADO STATE FAIR AUTHORITY AND THE TRANSFER
OF FUNDS FROM THE CITY OF PUEBLO UNRESTRICTED FUND
BALANCE TO A DESIGNATED EXPENDITURE ACCOUNT IN
ORDER TO ENABLE THE COLORADO STATE FAIR AUTHORITY
TO COMPLETE CONSTRUCTION OF THEIR NEW PERIMETER WALL
CAPITAL IMPROVEMENT PROJECT
WHEREAS, the Colorado State Fair Authority has been making substantial
capital improvements to accomodate events at the Fair facility; and
WHEREAS, the Colorado State Fair Authority acknowledges that the funds for
completing construction of the new perimeter wall at the Fair facility will be
approximately $42,828; and
WHEREAS, the City believes that the completion of this new perimeter wall
will aesthetically improve the appearance of the Fair facility, contribute to
strengthening the tourist industry at the fairground, and enhance the economic
vitality of the community; now therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1:
The City Council will appropriate $42,828 for the purpose of enabling the
Colorado State Fair Authority (hereinafter referred to as "The Fair "), to
complete the construction of the final 426 feet of the new perimeter wall
captial construction project. Cost estimate for the final 426 feet of construction
is estimated as follows:
Hard Construction Cost $ 32,828
Wall Flatwork 6,000
Landscaping 4,000
42,828
SECTION 2:
It is specifically agreed by and between the City and the "Fair" that by
using this appropriation this year for the completion of the above mentioned
project, the City's 1990 lodgers -tax allocation to the "Fair" will be reduced by
approximately $42,828.00.
SECTION 3
Funds for this project shall be transferred from Unrestricted Fund Balance
Account #01 -7090 to Budget Account # 001- 0009 - 900 -0901 to Expenditure Account
# 01- 190 - 190 -0 -30 -1225 through the Department of Finance in the amount of
$42,828.00.
SECTION 4:
This resolution shall become effective upon passage.
INTRODUCED: May 22, 1989
BY: SAMUEL CORSENTINO
ounciiman
ATTEST:
APPROVED:
Ci y Clerk vice —Pre's i dent of the ounc'i 1