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HomeMy WebLinkAbout6964RESOLUTION NO. 6964 A RESOLUTION AUTHORIZING THE DE- OBLIGATION OF FEDERAL FUNDS FROM THE FTA FISCAL YEAR 1990 OPERATING APPORTIONMENTS WHEREAS, the City of Pueblo, Colorado received in FTA Fiscal Year 1990 Operating Apportionments; and, WHEREAS, the City of Pueblo, Colorado excess funds from FTA Fiscal Year 1990 Operating Apportionment funds can be de- obligated and be utilized by the County of Pueblo; and, WHEREAS, in order to use said funds for needed public transportation projects and services in Colorado prior to the lapse of its obligational authority; and, WHEREAS, it is understood that this transfer action is being taken in the interest of preserving Section 9 funds for needed public mass transportation planning projects with the County of Pueblo, Colorado, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that: SECTION 1. Seventeen thousand five hundred (17,500) dollars in Fiscal Year 1990 Operating Apportionments shall be de- obligated from the City of Pueblo. SECTION 2. The de- obligated funds shall be transferred to the State of Colorado for redistribution to Pueblo County, consistent with all applicable State and Federal limitations, procedures and requirements. INTRODUCED July 13 j 1992 B JOYCE LAINRENCE Councilman APPROVED: Pre si ent of City Council