HomeMy WebLinkAbout1999 Resolution No. 053•
RESOLUTION NO .~
SERIES OF 1999
A RESOLUTION FOR A SUPPLEMENTAL APPROPRV\'J'!QN FROM THE 199.' !!L'DGET
FOR THE PURCHASE OF THE SKERRITT PROPERTY.
WHEREAS , the Englewood City Council authorized the pu-chaae of the Skerritt property
by the paesage of Ordinance No. 16, Serio of 1999; and
WHEREAS , the Englewood City Council has made historical preservation a priority; ,;, ~
WHEREAS , the Skerritt houae is an important hiatorical building which C{+ "·,c.•cu
desires to preaerve ;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COL ORADO, THAT:
~-The City of Englewood 1999 Budget io hereby amended aa followa:
GENERAL FUND:
&un;e of Fund.a :
Unreaerved/Undesignated Fund Bennce Sl35,000
Uaea g( Fund.a·
Contingency (Ske, ,itt Property Purcl.a ie) $135,000
~-The City ,lanager and the Dire -:tor of Financial Services are hereby authorized
to mal<e the above changes to the 1999 Budget of the City of Englewood .
ADOPTED AND APPROVED this 3rd day of May, 1999.
I, •ucrishia A. Ellis, City Clerk forJ.ll e Ci ty of Englewood , Colo
above is a true copy of Resolution No.~ Serie s of 1999.
Date
May 3, 1999
Initiated By
COUNCIL COMMUNICATl<i i,
Agenda Item
10cii
! Cu~ Re..iolution for a
i' sup ;ilemental appropriation for
tr .e purchase of fne Skerritt
House
Department of Financial Services I Staff Source
Fmnk Gryglewlcz, Director ·-
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Council has made historical preservation a priori!}'. The Skerritt House is an important historical
building that Council desires to preserve. City Council approved making the ;,urchll88 of th o Skerritt
Hous« by adopting Council BUI 17, on March 15, 1999. City Council transferred $5 •i3,182 .46 irom tho
Project Build Fund to the General Fun<i by Resolution 49 , Series 1999 on April 19, 1:l99.
RECOMMENDED ACTION
City staff recommends Council approved the atti.,:hed supplemental apr ·opriatlon for funds to
purchase the Skerritt House . The supplemental appropriation Is for $13:J,OOO. These fends are In the
General Fund, but were transferred from the Project Build Fund. The City closed on the property April
21 , 1999.
The sources and uses of funds are :
GENERAL FUND:
Source of Funds:
Unreserved/Undesignated Fund Balance $135 ,000
Use of Funds : ,
Contingency (Skerritt House Purcha,-;e) $135,000
The City of Englewoad Is required by City Charter to ensure that expenditures do not exceed legally
adopted appropriations. The attached resolution appropriates funds It' ansure that the City of
Englewood complies with legal restrictions governing local budgeting.
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
No alternatives were identttied.
FINANCIAL IMPACT
This action will reduce the General Fund 's unreserved/undesignated fund balance by $135,000. A
total of $513,182 .45 was transferred from Project Build to the General Fund on April 19, 1999 by City
Council resolution .
' 1·,1 , •::J >' ATTACHMENTS
'•vp.:i sed resolution
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