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HomeMy WebLinkAbout2018 Resolution No. 022RESOLUTION NO. 22 SERIES OF 2018 A RESOLUTION APPROVING A SUPPLEMENT AL APPROPRIATION OF THE 2018 STORM DRAINAGE FUND BUDGET WHEREAS, the City of Englewood is required by City Charter to ensure that expenditures do not exceed legally adopted appropriations; WHEREAS, the 2018 Budget was submitted and approved by the Englewood City Council on October, 16, 2017; WHEREAS, the City's Utilities Department responded to an emergency sinkhole repair on Oxford Avenue as the result of the July 24, 2018 rain storm at a cost of $175,824.00; WHEREAS, in response to the storm of July 24, 2018, City Council directed staff to conduct a study of the area that was impacted, and the City has contracted with Calibre for a three phase study in the amount of $171,881.00, which will be paid in the amount of $69,000 in 2018 and $171,881.00 in 20 I 9; WHEREAS, re-appropriation of funds for 2018, including those listed above, for the Oxford sinkhole repair and three phase study 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 2018, as follows: 2018 RE-APPROPRIATION SOURCES AND USES OF FUNDS: STORM DRAINAGE FUND: SOURCE OF FUNDS: Fund Balance USE OF FUNDS: Oxford Avenue Sink Hole Repair Project Calibre Contract TOTAL USE OF FUNDS $ 244,824.00 $ 175,824.00 $ 69,000.00 $ 244,824.00 Section 2. The City Manager and the Director of Finance and Administrative Services are hereby authorized to make the above changes to the 2018 Budget for the City of Englewood. ADOPTED AND APPROVED this 1511 Day of October, 2018. Linda Olson, Mayor ATTEST: I, Stephanie Carlile, City Clerk for the City of Englewood, Colorado, hereby certify the above is a true copy of Resolution No. 22, Series of2018.