HomeMy WebLinkAbout2019 Resolution No. 070RESOLUTION NO . 70
SERIES OF 2019
A RESOLUTION TRANSFERRING FUNDS FROM THE GENERAL FUND TO
THE PUBLIC IMPROVEMENT FUND FOR THE 2020 ENGLEWOOD LIGHT
RAIL CORRIDOR AND URBAN CENTER NEXT STEP STUDY
WHEREAS, the City of Englewood is required by City Charter to ensure that expenditures do not
exceed legally adopted appropriations;
WHEREAS, the 2020 Budget was submitted and approved by the Englewood City Council on October
21 , 2019 ;
WHEREAS, this request to transfer funds is being presented for City Council approval due to the local
match requirement under the Grant Agreement with the Colorado Depai1ment ofTranspm1ation;
WHEREAS, the Grant Agreement was entered into by the Englewood City Council by approval and
passage of Resolution No. 64 , Series 2019 on October 21 , 2019;
WHEREAS, the Grant Agreement is for the acceptance of grant funds for the 2020 Englewood Light
Rail CoJTidor and Urban Next Step Study ;
WHEREAS, the Colorado Department of Transportation is providing $200,000.00 in grant funds ;
WHEREAS, the Grant Agreement requires that the City provide matching funds in the amount of
$41 ,575.00 dollars ;
WHEREAS, the Englewood Community Development Professional Services Budget committed
$41,575.00 of the match ;
WHEREAS, the funds contributed by Community Development will need to be moved from the General
Fund to the Public Improvement Fund ; and
WHEREAS, appropriation of the matching funds for 2020 , are hereby presented for the consideration
and approval of City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, AS FOLLOWS :
Section I. The Budget for the City of Englewood, Colorado, is hereby amended for the year ending
2020, as follows:
FUND TRANSFER:
GENERAL FUND
Transfer Out to Public Improvement Fund from
Community Development Professional Services Budget $41,575
PUBLIC IMPROVEMENT FUND
Transfer in to Public Improvement Fund from
Community Development Professional Services Budget $41 ,575
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USE OF FUNDS:
City of Englewood Match Funds -2020 Englewood Light Rail Corridor and Urban Next Step
Study $41,575
Section 2. The City Manager and the Director of Finance and Administrative Services are hereby
authorized to make the above changes to the 2020 Budget for the City of Englewood.
ADOPTED AND APPROVED this 16 th day of December, 2019.
ATTEST:
I, Stephanie Carlile, City Clerk for the City of Englewood, Colorado, hereby ce11ify the above
is a true copy ofResolution No. 70, Series of2019 .
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