HomeMy WebLinkAbout1998 Resolution No. 048• RESOLUTION NO . #'
SERmS OF 1998
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A RES OLUTION FOR THE TRANSFER OF FUNDS FROM THE GENERAL FUND TO
THE ENGLEWOOD ENVIRONMENTAL FOUNDATION, INC .
WHEREAS, the City Council of the City of Englewood, Colorado, desires to make certain
a dditions to the 1998 Annual Budget which were not included in the original 1998 Budget Bil
a dopted on October 23, 1997 , such funds are to be used for the redevelopment and
enhancement of the City's commercial environment; and
WHEREAS , the passage of this resolution will allow for the transfer and appropriation of
funds for the City Council's goa l of supporting the r edevelo pment and enhru,cement of the
Ci ty's commercial environment; and
\11HEREAS, the Englewood Environmental Foundation , Inc ., a separ ate and distinct
corporation, will forward a revised budget regarding the proposed uses of the funds ;
NOW, THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, THAT:
Sr.mmLl. The City of Englew ood 1998 Budget is hereby amended as follows:
GJ~NERAL FUND:
Source of Funds:
Unreserved/Undesign nted Fund Balance $625,000
Uses of Funds ·
Transfer to EEF for Architec t Contract $625 ,000
5emwL2 . The City Manager and the Director of Financial Services are hereby
authorized to make the above changes to the 1998 Bud get of the City of Englewood .
ADOPTED AND APPROVED this 17th of February, 1998 .
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I, Loucrishia A. Ellis, City Clerk foll; jJe City of Englewood,
above is a true copy of Reoolution No .!tl, Seriea of 1998.
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COUNCIL COMMUNICATION
-Pllte Agenda Item Subject Supple mental
appropri ation and transfer of
!undo from the Capital Projects
Fund .ind Ge ne ral Fund to the
Englewood En vironm ental
Feb ruary 17, 1998 11 c in Fou ndation, Inc.
lnlt [ated By I Staff Source ·
De partment of Fi nancia l Services Frank Gryglewicz, Director
COUNCIL GOAL AND PREVIOUS COUNC IL ACTION
City Cou nci l has expresse d an interest in preservi ng the Fol eys bu ildin~ ,s a new City Hall for Englewood. This
action supports the redeve lopment of the bu ild ing as well as enh anc ing the City's :ma,e.
RECOMMENDED ACTION
Staff recommends City Co unc il ap pro ve the anached res ol utio n transfe rring and appropriating funds to the
Englewood Environmental Fou nda tion .
The sources and us es of the se funds are:
GENERAL FUND :
Source of Funds:
Unreserved/Undesignated Fund Balanc e $625 ,000
Uses of Funds :
Transfer To EEF for Architec t Contract $625,000
FINANCIAL IMPACT
This appro priati on and transfe r will re duce the Gensral Fund unreserved/undes ignated fund balance by
$625,000.
LIST OF ATTACHMENTS
Proposed resolut io n