HomeMy WebLinkAbout11284ORDINANCE NO. 112 84
AN ORDINANCE ESTABLISHING PROJECT CI2620 - PUEBLO
MOUNTAIN PARK - ASPEN ACRES, TRANSFERRING,
BUDGETING, AND APPROPRIATING INSURANCE PROCEEDS
FOR FIRE DAMAGE AT PUEBLO MOUNTAIN PARK AND
PROVIDING FOR THE TRANSFER OF ANY REMAINING
FUNDS.
WHEREAS, the Aspen Acres fire caused significant damage to facilities and
infrastructure at Pueblo Mountain Park, requiring repairs, restoration, and reconstruction; and
WHEREAS, the Aspen Acres fire caused significant damage to facilities and
infrastructure at Pueblo Mountain Park, requiring repairs, restoration, and reconstruction; and
WHEREAS, establishment of Project CI2620 Pueblo Mountain Park Aspen Acres
within the Capital Improvement Fund will ensure proper budgeting, tracking, and expenditure of
insurance proceeds for recovery activities; and
WHEREAS, allocating and appropriating up to fifteen million dollars ($1 5,000,000) in
incoming CIRSA insurance proceeds and returning any unspent funds to the Self-Insurance
Fund is in the best interest of the City and its residents; Now Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The City hereby establishes Project CI2620 Pueblo Mountain Park Aspen Acres
within the Capital Improvement Fund for the purpose of receiving and expending insurance
proceeds related to the Aspen Acres fire.
SECTION 2.
The City approves the transfer of any insurance proceeds received from the Colorado
Intergovernmental Risk Sharing Agency (CIRSA) to the Capital Improvement Fund and budgets
and appropriates up to fifteen million dollars ($1 5,000,000) into Project CI2620 for repair,
restoration, replacement, reconstruction, and associated capital improvements at Pueblo
Mountain Park.
SECTION 3.
Funds appropriated to Project CI2620 shall be used exclusively for costs associated with
repairing, restoring, replacing, or reconstructing facilities and infrastructure damaged by the
Aspen Acres fire, along with any related capital improvement costs permitted under City
financial policies.
SECTION 4.
After all eligible expenses for fire-related recovery have been paid and Project CI2620 is
complete, any remaining insurance proceeds shall be transferred back to the City's
Self-Insurance Fund.
SECTION 5.
City staff are authorized and directed to take all actions necessary to carry out the
provisions of this Ordinance.
SECTION 6.
This Ordinance shall take effect immediately upon final passage and approval.
Action by City Council:
Introduced and initial adoption of Ordinance by City Council on September 14, 2026.
Final adoption of Ordinance by City Council on September 28, 2026.
____________________________
President of City Council
Action by the Mayor:
Approved on _______________.
Disapproved on ______________ based on the following objections:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
____________________________
Mayor
Action by City Council After Disapproval by the Mayor:
Council did not act to override the Mayor's veto.
Ordinance re-adopted on a vote of ____________, on _____________
____________________________
President of City Council
ATTEST
________________________________
City Clerk
City Clerk's Office Item # S12
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE:September 28, 2026
TO:President Mark Aliff and Members of City Council
CC:Mayor Heather Graham
VIA:Clyde Bishop, City Clerk
FROM:Danny Nunn, Director of Finance
SUBJECT:AN ORDINANCE ESTABLISHING PROJECT CI2620 - PUEBLO
MOUNTAIN PARK - ASPEN ACRES, TRANSFERRING, BUDGETING,
AND APPROPRIATING INSURANCE PROCEEDS FOR FIRE DAMAGE
AT PUEBLO MOUNTAIN PARK AND PROVIDING FOR THE
TRANSFER OF ANY REMAINING FUNDS.
SUMMARY:
This action establishes Project CI2620 Pueblo Mountain Park Aspen Acres within
the Capital Improvement Fund and transfers, budgets, and appropriates up to
$1 5,000,000 in CIRSA insurance proceeds for repairs and reconstruction related to the
Aspen Acres fire. Any remaining funds upon project completion will be returned to the
Self-Insurance Fund.
PREVIOUS COUNCIL ACTION:
Council has previously authorized transfer and payment via insurance claims from
CIRSA for damages sustained to capital assets. No prior capital project or appropriation
has been established for this specific recovery effort.
BACKGROUND:
The Aspen Acres fire caused significant damage to structures and infrastructure within
Pueblo Mountain Park. The City has submitted insurance claims to the Colorado
Intergovernmental Risk Sharing Agency (CIRSA) to recover eligible costs. Because
insurance proceeds may be paid in multiple installments, establishing a dedicated
project within the Capital Improvement Fund ensures proper accounting, transparency,
and timely deployment of funds for repairs, replacement, and reconstruction.
Project CI2620 Pueblo Mountain Park Aspen Acres will serve as the central project
for all recovery-related expenditures.
FINANCIAL IMPLICATIONS:
Insurance proceeds received from CIRSA will be deposited into the Self-Insurance fund
and transferred to the Capital Improvement Fund and appropriated into Project CI2620.
Up to $1 5,000,000 may be budgeted and appropriated as proceeds arrive. No General
Fund dollars are required. Upon completion of all eligible work, remaining funds will be
transferred back to the Self-Insurance Fund.
BOARD/COMMISSION RECOMMENDATION:
N/A
STAKEHOLDER PROCESS:
City departments, park staff, and CIRSA representatives have coordinated to evaluate
damage, determine eligible repair costs, and identify required documentation for
reimbursement. Additional stakeholder coordination will occur throughout design,
procurement, and construction phases.
ALTERNATIVES:
Without establishing Project CI2620, the City would lack an appropriate mechanism to
receive and expend insurance proceeds efficiently, delaying recovery activities.
RECOMMENDATION:
Staff recommends approval of the ordinance establishing Project CI2620 Pueblo
Mountain Park Aspen Acres, transferring CIRSA insurance proceeds into the Capital
Improvement Fund, budgeting and appropriating up to $1 5,000,000 into the project, and
directing that any remaining funds be returned to the Self-Insurance Fund at project
completion.
ATTACHMENTS:
None