HomeMy WebLinkAbout1998 Resolution No. 056•
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RE SOLUTION NO . ~
SERIES OF 1998
ITA
A RESOLUTION APPROPRIATING FUNDS FROM nm 1998 BUDGET FO'R THE GOLF
COURSE CLAY STREET DRAINAGE PROJECT.
WHEREAS, the City Council of the City of Enciewoocl Colorado approved the City of
Gngl•.,.e Jd'• 1998 Budget on October 20, 1997; and
WHEREAS , the passage of this Resolution will ~n,-U,e funds needed fOl' the
co nstructio n contract and re.lated work needed fo r the Gol! Course Clay Stree t Drainage Proje ct:
NO W, THERE FO RE, BE IT RE SOLVE D BY THE Cil'i COUN C,[L OF THE CITY OF ENGLE WOO D, COLORADO , T HAT:
~-Th e City of En glewood 1998 B11d get is he reby ;smended aa follow s:
GOLF COURSE FUND:
Soucw of Funde :
Reta ined Earnings
S4•.~00
Uses of Funds ·
CJay Street Drnin&i;C Projec t SH ,000
~-The City Ma nager and the Directo r of Flll8.l>Qa) Services are hereby a uthorized
to make the above cha nge s to the 1998 Budg et of the C1ty af Engl ewood.
ADOPTE D AND APPROVED t hi s 1st of June, ;_
I. Loucris hia A. Elli s, City Clerk fo r th e City of Eng le woo,:t. SP'1 ado . hereby ce rtify the
""" " a <ru o ~• • ~"'"'"" No 2', S.00 ~/4'4 4":, ~
ccnslua A. Ellis
COUNCIL COMMUNICATION
Date Agenda Item Subject Aesollt.lon for a
supplemental appropriation for
the Clay Street Drainage
June 1, 1998 10 C Iii Project
Initiated By
Departm &,it uf Financial Services
I Staff Source
Frank Gryglewicz, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The City Council gave staff direction to proceed with the Clay Street Drainage project . City Council Is
scheduled to award the bid to AGE , Inc. on June 1, 1998.
RECOMMENDED ACTION
Slaff recommends the City Council approve the attached resolution.
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
This supplemental appropriation funds the cost of the Clay Street Drain~ge project. The bic was
awarded to AGE, Inc . AGE , Inc . should begin construction In the middle or end of June , 1998. •
No alternatives we re identified.
The sources and u~es of funds are:
Goll Course Fund:
,$ource of Funds :
Retained Earn ings
l.lfil!?f Funds :
Clay ::Jtreet Dra lnoge Project
FINANCIAL IPJ'DACT
$44 ,000
$44,000
This acti on will reduce the Golf Course Fund 's retained earnings by $44,000 .
LIST Of' ATTACHl'llcNTS
Proposed resolution
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