HomeMy WebLinkAbout16265Docusign Envelope ID: 108AE49D-CFA2-4D4A-A28D-F7AA1930D42F
City Clerk's Office Item # M4
of
1111--PUEBLO
colDorado
Background Paper for Proposed
Resolution
COUNCIL MEETING DATE: March 9, 2026
TO:
President Mark Aliff and Members of City Council
CC:
Mayor Heather Graham
VIA:
Vince Petkosek, Deputy City Clerk
FROM:
Andrew Hayes, Public Works Director
SUBJECT:
A RESOLUTION ESTABLISHING PROJECT ACCOUNT ED2601 -
ECONOMIC DEVELOPMENT SUPPORT, TRANSFERRING
PREVIOUSLY BUDGETED AND APPROPRIATED FUNDS IN THE
AMOUNT OF $50,000 FROM PROJECT ACCOUNT ED2302 - REPAIR &
MAINTENANCE RAIL LINES TO ED2601, AND TRANSFERRING
PREVIOUSLY BUDGETED AND APPROPRIATED FUNDS IN THE
AMOUNT OF $187.07 FROM PROJECT ACCOUNT ED2501 -
ECONOMIC DEVELOPMENT SUPPORT TO ED2601
SUMMARY:
This Resolution establishes a new project account ED2601 - Economic Development
Support and transfers previously budgeted and appropriated funds in the amount of
$50,000.00 from project account ED2302 - Repair & Maintenance Rail Lines and
$187.07 from project account ED2501 - Economic Development Support into the new
account.
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
The Mayor's Office will conduct outreach, coordination, and facilitation of economic
development activities directly with new prospects to attract new business activity within
the City. These activities will include preparation and distribution of marketing and
outreach materials; data collection, analysis, and research activities; coordination with
the Pueblo Urban Renewal Authority (PURA), City departments, utilities, and other
stakeholders; and other required activities to identify, analyze, and prepare economic
development project proposals. This Resolution transfers unused 1/2 -cent sales tax
funds originally allocated to the repair and maintenance of rail lines to fund this new
economic development project through the end of 2026 in accordance with the economic
development criteria ordinance.
Docusign Envelope ID: 108AE49D-CFA2-4D4A-A28D-F7AA1930D42F
FINANCIAL IMPLICATIONS:
Funds in the amount of $50,000.00 shall be transferred from project account ED2302 -
Repair & Maintenance Rail Lines into project account ED2601 - Economic Development
Support. Funds in the amount of $187.07 shall be transferred from project account
ED2501 - Economic Development Support into project account ED2601 - Economic
Development Support.
BOARD/COMMISSION RECOMMENDATION:
None.
STAKEHOLDER PROCESS:
None.
ALTERNATIVES:
Denial of this Resolution will preclude the establishment of the new Economic
Development Support account and associated fund transfer.
RECOMMENDATION:
Approval of the Resolution.
ATTACHMENTS:
None
Docusign Envelope ID: 108AE49D-CFA2-4D4A-A28D-F7AA1930D42F
RESOLUTION NO. 16265
A RESOLUTION ESTABLISHING PROJECT ACCOUNT ED260
ECONOMIC DEVELOPMENT SUPPORT, TRANSFERRING
PREVIOUSLY BUDGETED AND APPROPRIATED FUNDS IN
THE AMOUNT OF $50,000 FROM PROJECT ACCOUNT ED2302
REPAIR & MAINTENANCE RAIL LINES TO ED2601, AND
TRANSFERRING PREVIOUSLY BUDGETED AND
APPROPRIATED FUNDS IN THE AMOUNT OF $187.07 FROM
PROJECT ACCOUNT ED2501 - ECONOMIC DEVELOPMENT
SUPPORT TO ED2601
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that
SECTION 1 _
Project Account ED2601 - Economic Development Support is hereby established.
SECTION 2
Funds in the amount of $50,000.00 are hereby transferred from Project Account ED2302
- Repair & Maintenance Rail Lines into Project Account ED2601 - Economic Development
Support.
SECTION 3.
Funds in the amount of $187.07 are hereby transferred from Project Account ED2501 -
Economic Development Support into Project Account ED2601 - Economic Development
Support.
SECTION 4.
The officers of the City are authorized to perform any and all acts consistent with this
Resolution to implement the policies and procedures described herein.
Docusign Envelope ID: 108AE49D-CFA2-4D4A-A28D-F7AA1930D42F
SECTION 5.
This Resolution shall become effective immediately upon passage and approval.
INTRODUCED: March 9, 2026
BY: Ted Hernandez
Signed by:
ATTESTED BY: vtn P oSt.
DEPUTY 69 CtLERKK
MEMBER OF CITY CO�JNCIL
DocuSigned /y:
APPROVED:
PRESIDEN COUNCIL