HomeMy WebLinkAbout1998 Resolution No. 050•
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RES:OLUTION NO. 5'{)
SERIES OF 1998
AOll'UM 00 JIOI-IU
A RESCl ,U TION APPROPRIATIKO FUNDS FROM THE 1998 BUOOET-FOii--THE
GOLF COURSE PUMP PJ!OJECT .
WHEREAS, tho Englewood City Council approved the City of Englewood 's LC/98 Budget on
October 20, 1997; and
WHEREAS , the City Council approved the Englewood Golf Course Expan.,m:m Project in
1994 ; and
WHEREAS , the passage of this Reso lution will appropriate the funds needed.for the
construction contrnct nnd related electrical work needed for the Golf Coune Pump "Project ;
NO}l, THEREFORE, BE IT RESOLVED BY THE CITY COUNClL OF THE CITY OF
ENGLEWOOD , COLORADO , THAT:
~-The City of Engl ewood 1998 Budget is hereby amended a, follow s:
GOLF COURSE FUND :
Source of Funds :
Retained Earnings $96 ,000
Uses of Funds ·
Golf Course Transfe r Pump Project $96.000
lllJl..2 . The City Mnna ger nnd the Direc tor of Financial Services are h.ereby
"u..no,ized to make the nbove changes to the 1998 Bud get of the Cit: of En glew,od.
ADOPTED AND APPROVE D this 6th of April, 1998 .
~/£
Louc ri shi a A. Elli s, City Cle rk
I, Louc ri,1hio A. Elli s, City Clerk fol)!:• C'i:;y of Engl ewood, C
abov e is a tru e co py of Resol uti on No .~, S e ri es of 1998 .
J.1 'M
COUNCIL COMMUNICATION
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Date Agenda Item Subject
Supple me nta l budg e,t
approp riatlo~ for the Go ll
April 6. 1998 10 C ii Course Pump Project
In itiated By
Financ'al Servic es De partmen t
I St~~~rce
Fra nk Gryg lewicz , Dire ctor
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The Council appr<ll!>'ed the 1998 Budget and Approp riat io n Ord nances on llnal reading Oct ober 20, 1997. City
Council approved i:he Goll Course Exp ansio n Project in 1994. This Proje ct addre sses Co uncil's goal to provi de
a hi gh qua hty go experience at afford ab le prices to Englewood ci tizens .
RECOMMENDED ACTION
Staff recommends City Council approve the attac hed resol ution approp ri ati ng funds fro m th e Gol f Co urse Fund
retained earn ings r the pump project . The construction coitra ct is $94,200 and re lated elec trical work is
S1 ,800. The se expenditures were no t planned wh en the 1998 Bud get was prepared.
The sources and ,ses of the sup plemen ta l appropria tion are :
GOLF COURSE A,/11 0 :
~urce of Fu nds .
Re ta,ned Earn ings
uses of Funds :
Go lf Course Trans'er Pump Proj ect
$96,000
$96 000
BA r,KGROUH D . ANALYSIS, AND ALTERNATIVES IDENTIFIED
Ctty Counrtl appro,,ed ., Golf ';curse Expans io n Project in 1994 . This project is part of ongoing effo rt s to
prcvide a reliable wat er wpply 1~ t e cou rse .
No altema w es we--e 1de tifi ed .
FINANC IAL IMPACT
This appropaaUQr wi ll reduce the Gol l Course Fund's reta ined earnings by $96,000.
LIST OF ATTAaiME NTS
Proposed resolutton
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