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HomeMy WebLinkAbout1994 Resolution No. 068RESOLUTION NO . ~ SERJE.5 OF 1994 A RESOLUTION AMENDING THE APPROVED 1994 BUDGET AND APPROPRIATING MONIES FOR THE CITY OF ENGLEWOOD, COLORADO. WHEREAS , the City Council of the City of Englewood , Colorado, desires to make certoin changes to the 1994 Annual Budget; and WHf::REAS, the City of Englewood has t•·o water lines crossing Santa Fe and Union Avenue which are old and need replacement; and WHEREAS, the in stallation v1ould involve the realignment of an easement and pl a cement of approximately 285 feet of 36" ductile iron pipe and 285 feel of 24 " ductile iron pipe each to be encased in approximately 275 feel of 48" steel casing and 275 feot of 36" steel cas i ng; and WHEREAS, the Colorado Department of Transportation (C OOT) and the City of En glewood have entered into an intergovernmental agreement for the replacement of th e City's water lines at the Santa Fe and Union Avenue intersection durin g CDOT 's co ns tructi on of th is interse ction for the existing Santa Fe Project : and WHEREAS, the existing Santa Fe Project does not impact the City's water lines but would allow th e piPf! to be in stalled by open cut excavation as opposed to the more expensive borin g und er the highway and railroad lines; and WHEREAS , the City will pr ov ide th e pipe design and perform inspection to assure co mpl ia nce: and WHEREAS, the cost for th e water line replace ment was not included in the 1994 Budget ; NOW, THEREFORE, BE IT RESOLVED BY T HE CITY COUNCIL. OF THE CITY OF ENGLEWOOD, COL.ORADO , THAT; ~-The City of Englewood 1994 Budget is hereby amended a s follow s ; WATER FUND Source of Fund'-· Wat er Fund Retained Earn ings $265,000 Use of Fund": Water Line ReplacemenVCDOT $265 ,000 ~-The City Manager and the Director of Financial Services are hereby authorized to make the above change to the 1994 Budget of the City of Englewood . ~ Loucrishia A. Ellis, City Cl erk I, Loucri shia A. Ellis, City Clerk !)>r,.tJ,e City of Englew th e above is a true copy of Resolution No . -(,115_ 1 Serie s of 1 4 2 Jul y 18, 1994 INIIlA 1ED BY STAFF SOURCE COUNCil. GOAL COUNCil. COMMUNICATION Agenda !tan 12 C Subject Appropriation of Funds from the Water Fund for Unbudgeted Costs for Water Line Replacement Department of Financial Services Frank Gryglewicz, Acting Director of Financial Services N /A lSSUF./ ACTION PROPOSED -Staff seeks Council support for a resolution amending the 1994 Budget by appropriating monies in the Water Fund for costs associated with the replacement of two water lines crossing Santa Fe and Uruon Avenue . The negotiations with COOT and road configurations for the Santa Fe/Uruon Avenue project were in preliminary stages when the 1994 Budget was developed, and therefore the cost of this project was not included in the original appropriated budget. PREVIOUS COUNCil. ACTION April 17, 1993 June 7, 1993 June 7, 1993 August 9, 1993 September t ,, 1993 September .10, 1993 October 1 &: 2, 1993 November 1, 1993 April 18, 1994 A May 16, 1994 • June 6, 1994 City Council Budget Planning Workshop City Council Revenue Study Session City Council 's Public Forum on 1994 J:l udget Acting City Manager's Outline of PrOf ,;ised Budget transmitted City Council Acting City Manager' ~reposed Budget transmitted to City Council Public Hearing on Proposed Budget City Counwl Workshop on Proposed Budget City Council adopted the 1994 Annual Budget on final reading City Council approved Resolution 45 Series of 1994 approving supplemental expenditures City Council approved Resolution 49 Series of 1994 approving supplemenl:al expenditures . City Counci l approved Resolution 52 Serie, >f 1994 approving supplemental expenditures BACKGROUND The existing water lin es are old and n eed replacement, the cost of which total s $265,000 . STAFF ANALYSIS Staff recommends appropriating $265,000 fr om th e Water Fund to pay for the costs of this project . · PROS AND CONS OF OPTIONS REVIEWED Pros: The present system is 45 years old and subject to frequent repairs. When Santa Fe is converted to concrete, with additional lanes and the possibility of light rail , the City's access to these lines will be all but impossible . The City estimated th e cost of this project at $300,000, so thi s represents a good val ue co the City. Cons: one . FINANOAL IMPACT Th e Water Fund retained ea.mings balance will be reduced by $265,000.