HomeMy WebLinkAbout1994 Resolution No. 069RESOLUTION No.fL:i.
SERIES OF 1994
A RESOLUTION AMENDING THE APPROVED 1994 BUDGET AND APPROPRIATING
MONIES FOR THE CITY OF ENGLEWOOD, COLORAI:-0 .
WHEREAS, th e City Council of the City of Englewood, C•ilorado, desires lo make certain
chan ge s to the 1994 Annual Budget ; and
WHEREAS, the Englewood City Council approveJ ont.e ring into two intergovemmentnl
ag,eements with the Co lorado Department of Transportation (COOT ). The paaaage of
Ord ina nce No. 20, Seri•• of 1994 wa s for th e funding of the design of Broadway Sidewalks
a nd Ord inan ce No . 16 , Se rie s of 1994 was fo r the funding of the design of Belleview Avenu e
Si dewalk s; and
WHEREAS , COOT a nd 1h e Cit-; of Engl ewood have entered into two intergovernm enta l
agree me nts wh ich provide for ma c.chcd funding of the se proj ects: however, COOT wi shes to
revise the funding lo a 20% contri bution by the City and 80% partici pation by COOT rather
th an 17% by th e Ci ty an d 83% by •~DOT as previ ou sly approved : and
WHEREAS, the Englewood City Council approve d the increase in the City's parti cipation
by Moti on at the July 5, 1994 Coun ,il Mee ting: and
WHEREAS , the Belle,;e•· Sid ewalk Des ign Contract wi ll increase by $450.00 and th e
Broad way Sid ewalk s Co ntrr,ct ,.;11 increa se by $3,61 5.00 for a total City increase of
$4,065.00:
NOW , THEREFORE, BE IT RESOLVED BY THE CITY CO UN CIL OF THE CITY OF
ENG LEWOOD , COLORADO , THAT :
5w.ilm.l. The City of En glewood 1994 Budget is hereby amended a, ,How s:
Pl Bl.IC IMPROVEMENT FUND
Source of Fund ,·
Publi c I npro,•ement Fund Bala nce
lJ ,e of Fun d"-:
CDOT COKTRA CTS :
Be llevi ew Sidewa lk Design S 450.00
Broadway Sidewalk Design $3,615 .00
$4 ,065
$4 ,065
Sts:!.i.sm...2 . The Ci ty Manager and the Director or Financial Services are hereby
authorized to make the abo e change to the 1994 Budeet of the City or Eni:lewood.
,Ld{&
Loucr is hi a A. Ellis , City Cle rk
I, Loucri s hia A. Ellis, City Clerk foa th e City or Enrlew~Colorado , hereby certify
the above is atruecopy orResolutionNo.~,Sen es o 'J~~ -, ! t'/,r
tc>L ~fu, f::L (ZA·
Loucrishia A. Ellis
2
..
Date
July 18, 1994
INrllATED BY
STAFF SOURCE
COUNCil. GOAL
COUNm COMMUNICATION
Agendalmn
12 d
Subject Appropriation of funds
In the Public
Improvement Fund
Department of Financial Services
Frank Gryglewicz, Acting Director of Finl.• cial Services
NI A
ISS\:'EJ .\ .~ )N PROPOSED
-Staff 1.eek, Council support for a resolution appropriating unappropriated fund balance In
the Public Improvement Fund to pay for an increase In Er.glewood's portion of two
matching fund projects (the Belleview and Broadwz.y sidewalk improvements) sponsored by
the Colorado Department of Transportation. These financial chz,ngc!S were approved at the
July 5, 1994 City Council meeting. 1
PREVIOUS COUNCil. ACTION
April 17, 1993
June 7, 1993
June 7, 1993
August 9, 1993
September 15, 1993
September 20, 1993
October 1 & 2, 1993
November 1, 1993
April 18, 1994
May lb 1994
-June 6, .1994
City Council Budget Planning Workshop
City Council Revenue Sn:.dy Session
City Council's Public Forum on 1994 Budget
Acting City Manager's Outline of Proposed Budget transmitted
City Council
Acting City Manager's Proposed Budge! transmitted to City
Council
Public Hearing on Proposed Budget
City Council Workshop on Propa;ed 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
supplemental expenditures
City Council a)lproved Resolution 52 Series of 1994 approving
supplemental txpenditures
July 5, 1994
BACKGROUND
City Council approved motion cha.,ges in contracts with COOT.
concerning "matching fund" requirements
Council approved, by motion, changes to contracts wi th COOT regarding percentage of
matching funds required for federal aid projects. The increase in matching funds total
$4,065, and is available from unappropriated fund balance.
STAFF ANALYSIS
Staff recommends approval of this resolution .
PROS AND CONS OF OPTIONS REVIEWED
Pros: The City's realizes a positi ve return from its "matching funds."
Cons: None.
FINANCIAL IMPACT
The fund bal;,nce in the Public Improvement Fund will decrease by $4 ,065 .