HomeMy WebLinkAbout2002 Resolution No. 052• RESOLL"TI ON :--10 . -52:-
SERIES OF 20 02
A RESOLt;T!ON FOR THE APPROPRL-\.TION .-\ND TR.-\.NSFER OF FUNDS FOR THE
Pl'RCH.-\.SE A)!D SITE PREPAR..-\.TIO N OF TH E PR O PUTT SYSTEMS (RIVERSIDc.
~Il::-IL-\.TLllE GOLF /GO KARTS ) .-\ND .-\.SSOCL-\.TED EQulP)'1E NT.
WHEREAS, cw·ren tly Ri verside l\lliniature Golf Go-Kart.S occupies areas adjacent m the
City of Engle wood's Golf Course; and
WHEREAS , due to use patterns , co mpe titi::m and eco nomics , Riverside is no longer
fi nanciall y vi able; and
WHEREAS, a proposed Or d , nnce presently befo re City Council exercises th, Cit y's ri,,t.
of first refusal to purchase tr.a prope rty fo r S35,000.00; and
WHEREAS . ln 3dditional $100,000 .00 is being req ue Sted for de molition and site
prep11r:1tion;
NOW , THE REFO RE. BE !T RESOLVED BY THE C!TY COUNCIL OF THE C!TY OF
ENG LEWOOD . COLOR.-\.DO . THAT :
~-The Engle wood Ci:y Council hereby am end s the 2002 Budget aJ follows :
GO LF GOT iRSE FFND
Source of Funds :
Retained Earnings $135 ,000
Use of Funds ·
Purchase . demo and site pre paration $135 ,000
~-The City Manager and the Director of Financial and Adminis tr ative
Services >re hereby aut horized to make the above changes to the 2002 Budget of the City of
Englew ad.
ADOPTED AND APPROVED this 6th of May , 2002 .
[, Loumshin A. Ellis. City Clerk for the City of Engle wood. Colo rado, hereby ce rtify th e ··"· ,. • ,~ "" •• ,. .. ,"' .. ,.,u, '""'. M If_ (b
Loucnshlo A. Ellis
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COUNCIL COM ,.,t U I CATIO ,
Date Age nda Item Subject
Ma, 6. ~00~ 11 Ci A res ol utio n appropriating f unds from
the Golf Course ic,r purchase and si te
prepa rat ion of the Pro Putt Systems
(Riverside Miniature Golf/Go Karts)
associa ted equipment
Initiated By
I
Staff Source
City of Englewood, Finan ce and Adm inistrative Frank Gryglewicz, Director
s~rvices Deoartment
COUNCIL GO A L AND PREVIO S COUNCIL ACT ION
The City Council has dis cussed this is sue with staff and has su ppo rte d numerous im p,ove ments to the Golf
Course in :he past
RECOMME 10ED ACTION
Staff reco,r · .,ends the City Coun ci l approve the attach. J resolu tion.
BACKGRO UN D, ANALYSIS, ANO ALTERNAT!VES ICENTIFIED
Currently, Ri v ers ide ,vlinia tu re Gol f/Go,Ka rts occup ies are as adj .ceen t to the City of Eog lewood 's Golf
Cours . Due to use patterns, competitio n, and ec ono mics , Ri ve,side is no longer financiall y via b le. The
City Co un.:il w as presente d a bill fo r ordinance to °'erc,se th e ri~ht of t1rst refusal to purchase the propmty
for 535,000. An additional $100,0 00 is be ing requested for derr.olitio n and site preparation. The fu nds for
ihi5 a,.:q ui~i i.;U ,i a1 1J i:ircpa,ci iiun o,·c i:U 1iiir.g frv.n i.h c Gui[ Cuu,:i-t:: Fu11J , d11 t:mt:rp rise iun ci tha t wiii not
have a direct impact o n the finances of the City.
The other alternativ es were discussed regardi ng th is reques t for appropra t ion.
FINANCIAL f,1,. ·~er
The total appr opri ati on fo r the purchase and site preparati on is S 135 ,0C,O. These funds ar e coming from
the Golf Co urse Fund, and enterp ri se fund. Golf Course operations ard acquisitions do no t have a di rect
fin ancial impact on the City of Englewood's finan ci al co ndition.
LISTOFATTACHM ', TS
Proposed resolution