HomeMy WebLinkAbout1992 Resolution No. 088RESOLUTION NO . 2f
SERIES OF 1992
A RESOLUTION AMENDING THE APPROVED 1992 BUDGET AND APPROPRIATING
MONIES FOR THE CITY OF ENGLEWOOD.
WHEREAS , the City Council of the City of Englewood , Colorado, desire s to make certain
changes to the 1992 Annual Budget by appro priating $15 ,500 to be used for supplemental
funding for Contracts HOS 0006 ("4) and HOS 0006 (65) between the State of Colorado
Department of Tran sportation and the City of Englewood for the installatio n of Traffic
Signals along State Highway 285 in the City of Englewood; and
WHEREAS , the City approved the Contracts with the passage of Ordinance No. 22, Seri es
of 1992 and Ordinance No. 23, Series of 1992, on June !, 1992 ; and
WHEREAS , the original funding for these Contracts HOS 0006 (&I) and HOS 0006 (65 )
was in lh e City of Englewood's PIF 1990 Budget; however, the Slate did not bid these projects
until 1992 , thus the inflationary increase of$15,500 is needed to complete these projects; and
WHEREAS , th e City Council of the City ofEngelwood also desi res to make changes to the
1992 Annual Budget by appropriating $29 ,380 to be used to purchase a new salt and sand
conveyor from Aerobelt Conveyors;
WHEREAS , the purchase of the salt and sand conveyor equipment will replace the old
and inefficient equipment thus increasing the efficiency of the sand truck loading
operations, which wi11 increase the City 's initial response to snow storms ;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , COLORA"O, THAT :
Sw.i.lm...l . Th e City of Englewood 1992 Budget is hereby am ended a s follows :
Souu:e of Fund s
PIF Fund Balance
Use of Fund>
PIF Supplemental Contracts
HOS 0006(64 ) & HOS 0006(65)
PIF award of contract lo
Aerobe lt Co nveyo r s for the
purchase of a new salt and
sa nd conveyo r
$44,880
$15,500
$29 ,380
ADOPTED AN D APP ROVED this 2nd day of Nove mbe r , 1992 .
AT ES T :
7 ,.,1✓/ I 1J //ccr , 'r:':'·
Palri cin H. Crow, City Cle rk
1, Pntricio H. Crow, City Clerk for '1;ii;City of Englewood, Colorado , hereby certify the
abov e is a true copy of Resolution No.~, Series of 1992.
~,#~
Patricia H. Crow
Date
Nove mber 2, ·, 992
INITIATED BY
STAFF SOURCE
COUNCIL COMMUNICATION
Agenda Item
11 C
Subject Supplemental
A ppropria Hon
De partment of Fin anci al Serv ice s
Lorraine Hayes, Director of Fin ancial Services
ISSUE/ACTION PROPOSED
Staff recommends that City Council approve the attached resolution amending the 1992
Annual budget and appropriating moneys for the City of Englewood .
PREVIOUS COUNCIL ACTION
Nove mber 18, 199 1:
Februa ry 18, 1992 :
Ma y 4, 1992:
June 15, 1992 :
STAFF ANALYS IS
Counci l adopted the 1992 Annual Budget on final reading
Council a mended the 1992 Annual Budget by resolution
Council amended the 1992 Annual Budget b y resolution
Council a mended the 1992 Annu al Budget by resolution
Th e Stree ts Di vi si o n of th e Publi c Wo rks De partme nt wis hes to purchase a m a teri als
conveyo r to mi x and load san d and salt into tru cks for winter storm sa nding . Th e co n ve yo r
wo uld cost approxi ma te ly $29,380 a nd be purc hased fr om th e Publi c Im p rove m ent Fund .
(See it em 11 g in thi s agend a .)
An add itional a p p rop ri a tion is needed to cover an increase in cos ts fo r the signalizati on
u pgrad es on U.S . H ighway 285 . Th is project will r eloca te tra ffi c signals fr om overhea d span
w ire to m as t ar m s. The projec t's cos ts we re estim a ted in 1989 and a gran t was awar d ed to
th e City fo r pa rtial fund in g in 1990 . Delays in the sta te proce;s ca used bid s to be received
late in 1992 . The bi ds w ere hig her th on th e 1989 esti mates, so ad diti onal fund in g of $1 5,500
fr om th e P ubli c lmpro \"emen t Fund is need ed to award the co ntrac t. (See ite m 11 h in th is
agend a .)
FINANCIAL
The PlF has a projected fu:1d b a la nce of $600,745 at the end of 1992 a nd of $345,649 at the
end of 1993. Thi s supp:emental appropri ation would redu~e the fo recasts to $555,865 and
$300,769 for the respecti ve years.