HomeMy WebLinkAbout2007 Resolution No. 079• RESOLUTION NO . .!l!l.
SERIES OF 2007
A RESOLUTION APPROVING A SUPPLEMENT AL APPROPRIATION TO THE 2007
BUDGET IN THE PUBLIC IMPROVEMENT FUND FOR EXPENDITURES INCURRED TO
ENHANCE AND lll '~ROVE THE CITY'S GOLF COURSE .
WH EREAS , the City of Englewood is req uired by City Chnner lo ensure th81 ex pen ditures do
not exceed legally adopl~-d appropriations; and
WHEREAS, the Englewood City Council approved Reso luti on 49, Seri es 2007 which
approved an additional $200,000 for additional en vironmental oversigh t during th e construction
of the Englewood Golf Course ; and
WHEREAS , this supplemental appropriation lo the 2007 Budget for the Public Improvement
Fund is requ ired for additional enhancements lo the Englewood Golf Course;
NOW,,... "'.EFORE, BE IT RESOLVED BY THE CITY COUNCIL F THE CITY OF
ENGLEWL ,, COLORADO, AS FOLLOWS :
Section I. The Budget for the City of Englewood, Colorado, is hereby amended for the yea r
ending 2007 , as follows:
2007 SUPPLEMENTAL APPRO'.'klATION
• PUBLIC IMPROVEMENT FUND
SOURCE OF FUNDS:
Proceeds from Golf Course Lease
USE OF FUNDS:
Pump Hou se
Fence
Contingency
Tree Planting
Total
$350 ,0 00
$150,000
50,000
100,000
50.000
$350,000
~ The City Manager and the Director of Finance and Adminislrnlive Servi ces are
hereby authorized to make lhe above changes lo the 2007 Budget for the City of Englewood .
ADOPTED AND APPROVED thi s 6th of August , ,007.
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COUNCIL COMMUNICATION
Dale: Agenda Item: Subject:
August 6, 2007 11 c I A Resolution for a Supplemental Appropriation of
funds In the Public Improvem ent Fund for
expenditures Incurred to enhance and Improve the
City's Golf Course .
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Initiated By:
Finance and Administrative Services Departm ent
I Staff Sauret:
Frank Gryglewicz, Director
COUNCIL GO AL AND PREVIOUS COUNCIL A(TION
City Council has n.o t discuss ed this supplemental specifically, but has discussed the act iv ities on the
G olf Co urse sit e , , , a number o f occasions including th e Budge t R, trea t hel ·J M ay 19, 2007.
City Council ar,,, 'J,•ed Res o lution 49, Se rvices of 2007 on June 4, 2007 approving an additi onal
$200,000 for ad ciilional enviro nme.ntal oversight du ri ng the construction of the Golf Cou rse .
Ci ty Council discuss ed this su pplemental appropriati on at the Study Session held on Jul y 23, 2007 .
RECOMMENDED ACTIUN
Staff recommends City Council approve th e attache d Resolution for a supplemental appropriation
to pa y for add itional enhancements to th e Golf Course.
PUBLIC IMPROVEMENT FUND :
SOURCE OF FUNDS:
Procee ds fr om Golf Course Lease $350,000
USE OF FUNDS:
Pum p House $1 50,000
Fence 50,000
Contingency 100,000
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Total $350,000
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
City Council has made the redesign and future success of the City's Golt Course a priority. The
addidonal enhancements were discussed with City Council, but formal action to appropriate the
r,.julred funds was not brousht forward lo City Council . The Parks and Recreation Department will
provide updates If the expansion Is approved . Otherwise the funds will be returned to the balance
In the Golf Course Lease.
FINANCIAL IMPACT
The total ($4,036,000 and $700,000) proceeds from the Go lf Cours e lease and the "other
proceeds " were pa id by Miller/Weingarten to the City for the long-te rm use of the Golf Course
property. The funds are accounted for in the Public Improvement Fund. A total of $3 ,536,000
rema ins in the PIF, and wi ll remain in the Fund until Council makes a det ermination regarding the
use of the funds .
UST OF ATTACHMENTS
Resolution
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