HomeMy WebLinkAbout2012 Resolution No. 046RESOLlfl'ION NO t/Vl
SERJES OF 2012 --
A RESOLUTION TRANS FE RRJN G AND APPRO PRlA TIN G FVt'<1lS FROM THE
GENERAL FUND TO THE PUBL!C I:VLPROV EMENT FUND (Pir) !'OR 20 12 PAV[NG
PROJE CTS.
\VHERE AS, Lhe Ci ty co ntinue s: to rnai utain th e Ci ty's s1r ec1s by cmpi oyi ng an aggressive
prc ve ntn1i ve mai nte nanc r program to avoid 1hc greater cos! of rcplacmg ent ire sect ions of stre ets;
;md
\Vl{EREAS , the City Counci l discussed th is t('p ic n Fc:>run ry 13, 20 1 ~ und di rected staff 10
prepa re the ne cessary docume nt s fo r Counc1. to take act ion. and
WHEREAS, fund s arc needed to con tin ue the 201 2 pav ing projects whic h requ i.res rnov111g th e
nece ssary funds to th e Pu bli c Imp roveme nt Fun,•, by tltc pa ssage of this Re solu tio n,
NOW, THEREF ORE. BE IT RESOLVED BY TT-I E CITY COUNClLO F Tl-IE CIT Y O F
ENG LE WOOD , CO LORADO, THAT.
St:l;l1 u11 I . l l1c City Co urn.:i l uf th e Cny uf Englt::woo U, Culu rnUu SUfJJJUllS t!lc tr.tm,fcr uf
fun ds fr om th e Unreserved/\Jr.desi&'!la ted Fund Bal ance to the Pub lic Im pro vem ent Fun d, as
follow s:
GENF.RAL FUND
SOURCE OF FUNDS:
Unrcscrved/Unde sign aicd Fun d Dalance $334 .000
USE OF FUNl>S :
Tr i nsfer to th e Public ~nprovcmcnt Fund $334 ,00 0
Plffil.lC LMPHOVEMF:NT FIJMl (Pl.Fl
SOllllCE OF FUNDS:
Trans fer in fro m the Gen era l Fund $334 .000
USE OF fUl\'D S:
Pav ing Projec ts $334.000
8_i..:c1in 11 2 ·1 be Ci ty Mana ger and 1he Direc tor of f-in:mcc 11m l Admi nistra tive Se rvices me
h..:n.:h y ;1Lllhrn i1.cd to make.: the ah ovc ch:m gcs to the 20l2 8 udg c1 fo r the Cit y o f En~l cw ond.
I , I .rn 1r.ri sl11rl A Ell i s_. C11 y C l i::rk fo r ;"fi.C rry of En g lewood, Co lonufo . h:.:rchy cc n 1fy the
:1 h,,ve is~tru c copyo f l(esolutio11 No o/"L -Scric::of }0 '.2. /} _ • /::J -y~ ·/· ✓!1 ~ /'_,,,~tVU;tlt-/l t l ~
(~/,,.. I .o .1 cn sl11 a /\. Elli s. Ci1y Clerk
COUNCIL COMMUNICATION
--.
Da te: Ag end a 11 c m: Subject:
M arc h 5, 20 12 1 1 C I Reso lu ti on Tran sf erri ng and
App:o p riatin g Fu n ds from the Gene ral
Fund to the Publi c Im prove m ent Fund
(l'IFI fo r 1U I e Pav,ng Pro 1ects
Initiated By: St aff Source:
Finan ce and Adm ini t •~a1ive Se rvices Fr.i nk r.ry glP w k7, nirPr tor ni Fin .:t nrP ;mrl
Adm ini stra tive Serv ices
----
COUN CIL G OAL AND PR EV IOUS CO UNCIL ACT ION
(11v Co unc il dis cuss ed this 1o pic at th e Febru ary 13, !fl 12 Stud y Sessi o n and d ire ct ed staff 10
pre pare the nece ssary docu men ts for Co unci l 1n rake action on al a reg ular co unc il mee tin g.
RECOMMENDED ACTIO N
Staff re co mmen ds :hat Counci l approve 1!ii~ lld r1~f1.:r cJ11 d ~uµµl e11 1e ntal Jpprop ric1 1ion of $33 4,000
from G eneral Fund res erv es to th~ Publi c .mprov eme nt Fun e fo r pa ving pr ojects .
RA CKGRO U ND, ANALYSIS , AND A LTERNA TI VES IDE'ITIFI ED
The Public Work s Departm cnl h as continuall y m air !ai ned the Ci ty 's str eets b y ernployi11g an
aggress ive p revent ative mai ntenan ce pr ogra m 10 avo id 1he grea ter of cu~t of rt placin g e11t i1e
sec ti ons of slreets . Th e fun ds transferr ed !o the PIF w il l be used to continue th is p rogram in 20 12.
~O URCFS AND US FS OF FU N DS:
GENERAL FUN D:
SO UR C E O F FUN DS:
Unre1 erve o/Uncl es ign a1ed Fund Ba lance $334 ,000
LI SE O F HJNDS :
Tra nsfer t o !he Pub lic Im pro vem ent Fund $334,000
PURI.I C IM PROVEMENT:
SOURCE OF FUNDS:
Transfer in fr o m the G enera l Fund 1,3 34 ,000
US E O F FUNDS:
Pdv i11 g PtuJ~<.:t~ $334 ,000
rt NANCIA I IMl'ACl
rlu s 1c:1 io11 •..v iii 1r!d11n• tllP fl :n<1 bJ l;Hic.:C ,n th e General Fun d by $3]4,00J.
U ST O F ATIA C HM ENTS