HomeMy WebLinkAbout1998 Resolution No. 093•
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RESOLUTION NO. 23.
SERIES OF 1998
A RESOLUTION FOR THE AFPROPitIATION AND TRANSFER OF FUNDS FROM THE
1998 BUDGET TO THE PAVING DISTRICT NO . 38.
WHEREAS, the Ci>y Cowxil of the City of Englewood, Colorado approved the City of
Englewood's 1998 Bq,,t oo October 20, 1997; and
WHEREAS , the E.n;pewood City Co uncil amended P a vi.Dg District No . 38 with the
passage of Ordina nce • ·o. 54, Series of 1998 ; aod
WHEREAS, t h E,,,pe wood City Council has made the construction. mainte nance a nd
improvement of the Cay of Engle wood's roads a nd sidewa lks a priority; a nd
WHEREAS, the pllliage of this Reso lution will a ppropriate the funds needed for Paving
District No. 38;
NOW , THERE FORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
E NGLEWOOD , COLORADO, THAT:
~-The Ci:; of E nglewood 1998 Budget is he re by ame nded as foll ows:
PUBLIC JJICPROVE.l!IEl1ff FUND:
So urce of furu;s :
U nreserved/l·::idesignated F un d Ba la nce $2 10 ,0 00
Uee'-of Eu,"•-
C1ty of E ng!ew-uod's Po rtion of PaVIn g District :So . 38 t 210 ,000
~-The Cit: Marutge r and the Du-ector of Fina ncial Services are h ere by a uthori zed
to make th e above ch=ges to the 1998 Budge t of the Ci ty of Englewood .
ADOPTED ASD APPROVE D t his 21 st of Se ptt mher, 1998.
A~~~~·(!~@ -
~•Clerk
I. Lo ucri shia .-\. Em, City Cle rk fo r the City of Englewood , Colorado, here by cerufy t he
,_., ""'~ _,,,; """'"'"" No .iJ, S.oos • ~ _ .
1/ll/Zb I t! 1/4
Lo crislua A. Ellis
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COUNCIL COMMUNICATION
Data Agenda Item Subjlcl
~ntal appropriation for
the PtliDlic Improvement Fund
(P IF) for higher than anHc lpaled
September 21 , 1998 11 ci COslS for Pawig District No . 38
Initiated By
Department of Financial Services
I Staff Sourc■
Frank Gryglewicz, Diredor of Financial Services
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Counc il has made lhe construction , ma intenance , and imp rovement ol the City of Englewood 's
roads and sidewalks a priority. City Council has leveraged its resources with ifts citizens to improve the
City's infrastructure . This supplemental appropriation helps ach ieve this goal City Council is
scheduled to approve , by motion , the award of contract to Conc rete Works o/ C olorado, Inc .
RECOMMENDED ACTION
Staff recommends City Counc il approve the atta ched resolution approp ri ating IF fund s for the City of
Engle wood 's portion of this project .
The sources and use s of fund s are :
SOURCE OF FUNDS :
Public Improvement Fund:
Unreserved/Undesi gnated Fund Ba la nce :i?10,000
USE Ol' FUNDS :
City of Englewood 's Portion of Paving District 38 $210 .000
FINANCIAL IMPACT
This supplem ental appropriation will red uce the Pu blic Improve ment Fun d's unreserved/unde sig nated
fun d balanc e by $210,000.
LIST OF ATTACHMENTS
Propose d Re soluti on