HomeMy WebLinkAbout2009 Resolution No. 060• RESOLUTI O ~ NO . (JD
SE RIES OF 2009 --
•
A RESOLUTION APPR OVIN G A SUPPLEM ENTAL APPROPRIATION TO TH E 2009
BUDC:IT FO~( ADDITIONAL IMPROV EMENTS TO THE PASEO PR OJECT .
WHEREAS , Lho City of Engl ewood is required by Cit y Chart er to ensure that expe!ldi tures do
not exceed lega ll y adopte.d appropriati ons; and
WHEREAS , the 2009 Budget was submitted and approved by th e Engl ewo od Cit y Co un ci l on
October 24, 2008; and
WHEREAS , the Pasco Proj ect was approved by Co uncil to improve the downt own cit yscape ;
and
W!ll;REAS, funding for the project has been through Community Development Bl ock Grants
which arc not suffi cient to complete the project due to unexpected construction costs.
NOW , THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO , AS FOLLOWS:
Section I. The Bud get for the Ci ty of Englewood , Co lorado, is hereby amended fo r the year
2009, as follows :
2009 SUPPLEMENTAL APPROPRIATION
GENERAL FUND
SOURCE OF FUNDS :
Landscape and Fine Arts Fund Bal ance
USE OF FUNDS :
Transfer Out to the Public Improvemen t Fund
PUBLIC IMPROVEM ENT FUND
SOURCE OF FUNDS :
Transfer In From General Fund
USE OF FUNDS:
Pasco Proj ect Enhanceme nt s and Improve ments
$12,011.04
$12 ,0 11.04
$12,0 11.04
$12,0 11.04
ADOPTED AND APPR OVED thi s 6th day of Jul y, 2009.
I, Loucrishia A. Ellis, City Clerk for t)l'c.. City of Englewood, Colo
above is a tru e co py of Resoluti on No. {f!L, Series of 2009.
, hereby certify the _q
•
•
•
•
•
•
COUNCIL COMMUNIOTI0N
Dat e: Agenda llem : Subject :
Jul y 6, 2009 9 C i A Supplemental Appropri ati o n fo r Additi o nal
Im provem ents to th e Paseo Pro jec t
Initiated By: I Staff Source:
De partmen t of Fin ance and Admin is trative Services Frank Gryglewicz, Oirec tor
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
Th e City Council dis cussed this iss ue at Jun e 15, 2009 St udy Sess io n; Cly Council directed staff lo
prepare a supplem ental appropriati o n of $1 2,01 1.04 fo r improvem ents to th e Paseo Proj ec t
RECOMMENDED ACTION
Staff recommends City Counci l approve th e attached reso lu tion approving a supplem ental
appropri ati on in th e amount of $12,0 11 .04 fr o m the Landscap e and Fine Arts Fund for
enhance ments l o th e Paseo Project.
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
Th e Landscape and Fine A rts Fund was crea ted l o account for fund s coll ected fr o m properly
owners in li eu of p rovidi ng landscaping as ,P.quired by Ordinanc~ 2, Se ri es of 1984. Th e funds
accumulated in this fund can be use for "beauti fi cati o n of th e public areas as determin ed by th e
legislative body."
Th e funds will be used to enha nce th e Pas eo Project. Th e $12,0 11 .04 w ill r educe th e balance in
the acco unt to zero.
Th ~ roll owin g illustrates th e tran sfer and use o f funds:
GENERAL FUND
SOURCE Of FUNDS :
Landscap e and Fin e A rt s Fund Balance $1 2,0 11.04
USE Of FUNDS :
Tra nsfe r O ut to th e Public Improvement Fund $12 ,0 11.0 4
PUBLIC IMPROVEMENT FUND
SOURCE Of FUNDS :
Transfer In From General Fund $1 2,0 11.04
USE Of FUNDS:
Pas eo Project Enhancem ents and Im p rovements $12,0 11.04
FINANCIAL IMPACT
This supplemental appropriati on w ill ze ro o ut th e ba lance in th e La ndsca pe and Fine A rt s Fund .
LIST OF ATTACHMENTS
Proposed Reso luti on
•
•
•