HomeMy WebLinkAbout2017 Resolution No. 082RESOLUTION NO. 82
SERIES OF 2017
A RESOLUTION APPROVING A YEAR-END SUPPLEMENTAL
APPROPRIATION TO THE 2017 BUDGET.
WHEREAS, the City of Englewood is required by City Charter to ensure that expenditures
do not exceed legally adopted appropriations; and
WHEREAS, on November 21, 2016the 2017 Budget of the City of Englewood was submitted
and approved by the Englewood City Council; and
WHEREAS, at the study session of April 10, 2017, the City Council indicated a willingness
to accept funding from the Englewood Urban Renewal Authority (EURA) to cover the anticipated
project funding gap of $113,000 for the South Broadway Improvement Project; and
WHEREAS, at the regular meeting of May 1, 2017 the City Council approved an ordinance
to establish parameters authorizing the sale of General Obligation Bonds (GOB's) for the
Englewood Police Headquarters building, and a portion of these funds are now required to be
used to fund a portion of the approved project(s); and
WHEREAS, annual expenditures for the above identified projects have now been identified ,
necessitating these supplemental appropriations to be hereby presented for the consideration
and approval of the City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, AS FOLLOWS:
Section 1. The Budget for the Public Improvement Fund and the Police Building Bond Fund
of the City of Englewood, Colorado, is hereby amended for the year 2017, as follows:
ANALYSIS:
Public Improvement Fund
SOURCE OF FUNDS:
Transfer-in of funds from Englewood Urban Renewal Authority
USE OF FUNDS:
South Broadway Improvement Project
Police Building Bond Fund
SOURCE OF FUNDS:
Police Building Bond Fund -Bond Proceeds
USE OF FUNDS:
Pre-Construction costs associated with the Englewood Police
Headquarters Building
l
$113,000
$113,000
$3,150,000
$3,150,000
Section 2. The City Manager and the Director of Finance and Administrative Services are
hereby authorized to make the above changes to the 2017 Budget for the City of Englewood.
ADOPTED AND APPROVED this 20th day of Novemb r, 2017.
ATTEST:
I, Stephanie Carlile, City Clerk for the City of Englewood, Colorado, hereby certify the above
is a true copy of Resolution No. 82, Series of 2017.
2
MINUTES
tp.En Qlewood Englewood Urban Renewal Authority Meeting
Wednesday, April 12, 2017
1000 Englewood Pkwy-City Council Conf. Rm. 6:30 PM
MEMBERS PRESENT:
MEMBERS ABSENT:
Bernie Costello
Gary Bowman
Jim Woodward
Paul Glista
Linda Cohn
Britt Fuiks
Jenny Todd
William Slade
STAFF PRESENT: Brad Power, Director of Community Development
1. Call to Order/Roll Call
2. Approval of Minutes
• Approval of Minutes March 8, 2017
Moved by Member Jim Woodward
Seconded by Member Bernie Costello
To approve the minutes of March 8, 2017
For
Bernie Costello (Seconded By) x
Jim Woodward (Moved By) x
Gary Bowman x
Paul Glista x
Linda Cohn x
5
3. New Business
Against Abstained
0 0
Motion CARRIED.
• Consideration of a Resolution and Cooperation Agreement Between the
Englewood Urban Renewal Authority and the Iron Works Village
Metropolitan District
Page 1 of 3
Englewood Urban Renewal Authority
April 12, 2017
Ms. Megan Murphy, Counsel to the Iron Works Village Metropolitan
District, explained that the tax remittance will pass through the City to
the Metropolitan District. The EURA and the City will not retain the tax
collected on behalf of the Metropolitan District but will remit the funds to
the Metropolitan District.
Moved by Member Bernie Costello
Seconded by Member Paul Glista
To approve the Resolution and Cooperation agreement with the Iron
Works Village Metropolitan District.
For Against Abstained
Bernie Costello (Moved By) x
Gary Bowman x
Jim Woodward x
Paul Glista (Seconded By) x
Linda Cohn x
5 0 0
Motion CARRIED.
• Funding Request for South Broadway Improvements
Mr. Power reviewed the proposal for the EURA to contribute $113,000 to the
South Broadway improvements. The improvements include completing the
mid-block crossing, improved sidewalk lighting and upgrades to the electrical
system in the 3400 and 3300 blocks of South Broadway.
Moved by Member Linda Cohn
Seconded by Member Jim Woodward
Approval of $113,000 contribution to the City for improvements in the
3400 block of South Broadway.
For Against Abstained
Bernie Costello x
Gary Bowman x
Jim Woodward (Seconded By) x
Paul Glista x
Linda Cohn (Moved By) x
5 0 0
Page 2 of 3
Englewood Urban Renewal Authority
April 12, 2017
Motion CARRIED.
• Redevelopment Manager Position Update
Mr. Power explained that while a candidate had been identified, he chose to
decline the offer due to personal finances. Mr. Power stated that the process
of recruiting for the position has been put on hold and he will reach out to his
network to identify other possible candidates in the near future.
4. Public Forum
5. Director's Choice
• Mr. Power did not have any additional comments for the Board .
6. Member's Choice
The members of the board discussed various properties in the 3400 Block of
South Broadway and the change in the businesses. The building that formerly
housed the stained glass store has been sold and will become a restaurant
with apartments above. Work has resumed on the new location for El
Teppehuan.
7. Adjourn 7:38 p.m.
Julie Bailey, Recording Secretary
Page 3 of 3
Englewood Police Headquarters Building Current Estimate Forecast for 2017
As of 11/08/17
Category
Sum al Net
RawLabek
G/L Aca>unt Numb,r 34-1101-35101 Interest Income
G/l Attounl Number 34-1101-35102 Interest Income US Treasury,
G/l Aca>unl Number 34-1101-35103 lntere,t Income US ln,trumenta"itie,
G/L Aca>unt Number 34•1101-15105 lnter~st Income Commercial Paper
G/L Auounl Number 34· 1101-35106 Bank Charges
G/L Aca,un1 Number 34-1101-37201 Bond Procttds
GrandTatal
Suma! Net
Row Labels
2017
' -$61 .56
-$47.305 .19
$786.21
$54.605.90
7
-S243.66
$10,437.40
S2,112.os
S8,319.54
,$841.09
$32,826,363 50
$J2,ns,1n.llli $H,ll4U4
COiumn Labels
2017
4
·SU!l',498. o
s
·SU,733.U
• -S232 .96
S50,100.3D
$1,292.80
S22,4&0.os
·$2,524.86
$71,115.33
~
-S194,585.00
'
$2,511 .18
-SZ,5 11.11
•
20l7 Total
10
•$538.18
$13,232.Sl
$4,251.06
-$23,1106.31
$2,496.78 ·SB,373.91
$32.826,363.50
·SZ,4'6.71 $32.111,121.61
'
2017Total
1D
•S-tH,998.28 -$153,656 .90 -$787,816.87
-59,938.19 ·S9,938.19
-$194,515.0D
G/l Account Number 34-IIDl -54201 Prolrnional SeMte>
G/l Account Number 34-1101-61601 Construction in Process
G/l Account Number 34-1101 70003 Debt Cost of Issuance
Grand Total •SlZ,,491.06 •$17,733.0 ·$194,515.00 ·$416,'91.21 •$153,UUD •$9,931.1' ·$!1!1Z.410.06
Contingency/Pre-Construct1on materials
Total for approprialaon Requ.,t
Prolesslon.11 Services Vendor Detail
CBRE, INC
Colorado Engineering & Surveying rnc
DLR Group, Inc
Ground Enginel!ring Consultants
Actlily
l.5C
NORESCO
~urity Centn1I
McO~rtn w;1son & Lawrie Inc
Professional Service> Total
• s
S122,613.06 S17,733 .63
$6,875.00
$119,498.06 $17,733.63
Actuals
7 I 9
$53,075.48 $17,603.57
$424 ,322.&D $127,138.33
$9,600.00
$8,915.00
$0.00 $416,'98.ZI $153,656.90
Foretast
Ottober AntldP"ted End
ao,1n1 Entries November Oeumber olYen
-S~B lft
$12,412.61 $12,400.00 S12,400.00 $50,445.12
$170 .00 $200.0D S200.00 $4,821 .06
$34,142.44 S34,100.00 $34,100.00 $78,536.13
$2 ~00 $2,500.00 -Sl,373.91
$32,826,363 .50
$46,7ll.0S $49,200.00 $49,200.00 $32.956.lSJ.72
10 l1 12
-S4J0,500.00 ·S189,000.00 -StSl.500.00
-$38,525.0D -Sll.007.00 -S35U77.00
•$459,025 .00 •$200,007.00 •$533,477.DO
fore-tast
101 u1 121
$36,000.00 SlB,000.00 $18,000.00
$358,000.00 S 150,000.00 $150,000.00
$20,000.00 $5,000.00 $1,000.00
$8,000.00
$2,000.00 SS,000.DO $10,000.0D
$4,500.00 $3,000.00 $2,500.00
$420,500.00 $189,000.DO $111,500.00
Total 2017
-$1,578,886.87
•$411,447.19 Adolph &
-$1'4,585.00
-$2.184,919.06
-$965,080.94
-$3,150,000.00
Total 1017 I
S283,035. 74
$6,875.00
$1,209,461.13
$9,600.00
$26,000.00
$8,000.00
$17,000.00
$10,000.00
$8,915.00
$1,578,886.17