HomeMy WebLinkAbout1982 Resolution No. 006RESOLUTION NO.
SERIES OF 1982
A RESOLUTION AMENDING THE GENERAL FUND AND THE PUBLIC IMPROVE-
MEN T FUND IN THE 1982 BUDGET.
WHEREAS, the City Council of the City of Englewood,
Co l o rado , desires to make certain changes within the Public
Improvement Fund ; and
WHEREAS, surplus funds remain from the 1982 General
Fund budget ; and
WHEREAS, the City Council of the City of Englewood
wi shes to use these surplus funds within the Public Improve-
ment Fund;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF ENGLEWOOD, COLORADO, as follows:
Section 1.
The following appropriations of funds are hereby made
in the Public Improvement Fund:
Source o f Funds
General Fund Transfer $1,267,907
Application of Funds
Little Dry Creek $ 425,956
180,000
121,951
Section 2.
Downtown Drainage & Traffic Improvement
River Development III
Senior Center Parking
Animal Control Shelter
Down t own Development Authority
Land Acquisition for Walk -through
Golf Carts
Methane Gas Conversion
47,000
33,000
10,000
75,000
125,000
250,000
$1,267,907
The following appropriations of funds are hereby made
in the General Fund:
Source of Funds
General Fund Balance $1,267,907
Application of Funds
Publ i c Improvement Fund $1,267,907
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Section 3.
The City Manager and Director of Finance are hereby
authorized to make the above changes to the 1982 budget of the
City of Englewood.
ADOPTED AND APPROVED this
May
ATTEST:
ex~io~e~
, 1982.
I, Gary R. Higbee, ex officio City Clerk-Treasurer
of the City of Englewood, Colorado, do hereby certify that the
above and foregoing is a true, accurate and complete copy of
Resolution No. G; , Series of 1982.
C O U N C I L C O M M U N I C A T I O N
DATE January 13, 1982 AGENDA ITEM
8A
SUBJECT
INITIATED BY Director of Engineering Services
Funding for purchasing proposed
walk-thru on west side of
3400 block of South Broadway
ACTION PROPOSED Approve r,esolution amendjng the General fund and the Public
Improvment Fund in the 1982 budget.
Background
In 1981, the City Council, Brady Corporation, and EDDA contracted with
Design Workshop to develop a Downtown Master Plan. That Plan, which is
in the final drafting stage, suggests that the walk-thru in the 3400 block
of South Broadway extend from Broadway to the west, the location to be
in alignment with the walk-thru east of Broadway presently under construc-
tion. The Fugatt building at 3455 South Broadway was destroyed by a fire
several weeks ago and the property was offered for sale.
Since this property is situated in the area of the proposed walk-thru, it
may be advantageous for the City to purchase it at this time.
Financing & Recommendation
The purchase contract for the Fugatt property at 3455 South Broadway is
$75,000. Since this purchase was not anticipated in the six-quarter
budget, money from existing projects will be needed. It is recommended
that $50,000 from Broadway Beautification and $25,000 from surplus funds
in the EDDA Walk-thru project be utilized as reflected in the attached
resolution. The present walk-thru project would still have $9,000 availa-
bel for any change orders needed to complete the work, which amount should
be sufficient .
Attached is a portion of a November 12, 1981 Council Communication which
explains the need to reduce Public Improvement Funds in 1981 with the intent ,
to replace those funds in January, 1982. This action was approved by
City Council in Resolution No. 47 of 1981.
GD/lo
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Fire Station #3 built at Layton and Acoma, has been con~leted. Due to higher
than expected condemnation costs and communication equipment instnllation costs,
$9 ,000 is needed in the fourth quarter to close the project.
Sidewalk Repair Project 1981 consisted of concrete repairs that were the City's
responsibility. The City budget of $30,000 will not be exceeded; howt'vcr, we
need to recognize the $20,000 in work '-II:! did on 11n R'l.'0 grant. Thia $20,000 will
be reimbursed by RTD and will be returned to the PIF Fund.
Resurface Englewood lligh School Tcnni.s r.ourti; project wm; agreed to by City
Council on September 15, 1980. 'l'hc City shnre<l the costs with the Englewood School
District on a 50/50 basis. The final cost was $38,405, making the City's share
$19,202.50 as is shown on the fourth quarter of 1981.
There are seven accounts shown 1n till! Resolution that are being reduced by a
of $464,951 in the fourth quarter. It is anticipated these projects will be
reinstated to their current funding level in January of 1982 as the result of
transferring approximately $1.2 million from surplus revenue from the General
Operating Fund to the Public Improvement Fund (see projects 11s ted below).
Golf Carts $ 1 25 OOOJ ~,-,..,. •. ~
Methane Gas Conversion ?.'..>O:ooo ,,t,"j.,.-1'ifl,,
Senior Center Parki ng 112 32,000 f"'
Little Dry Creek 395,956 .
Downtown Urni1111gc .ind 'J'r;1f'fi,· I 1,1prov1•nt<'nl·:; 180,000
River Development IJ.1 lZl,951
Broadway Beautification 50,000
Senior Center Parkinr, Lot #2 15,000
Animal Control ShelL<?r 33,000
't' l....--v ,
rr.l i'll i,.
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Downtown Developme nt Authority 35,000
Little Dry Crc<?k 30,000
TOTAL $1,267,907 -
1982 CHANGES:
Little Dry Creek project for 100-year flood :luq.rovcments along the Creek increased
from $337,300 to $1,201,516 in the first quarter from a net General Fund transfer.
The third quarter increasetl from $30,000 to $130 ,000 using the $100,000 previously
earmarked for Downtown nrnitrnp,t~ and Traffic Improvc1111mt. In the fo11rtb quarter,
the project lncre:iscd from $;.'.1 ,000 Lo :;; 19L1,0'.,0.
Golf Carts purchru;c of 50 carts at $125,000 wi.ll br! rcpl:icc<l jn 1982 ns a result
of the General Fund Lruu:;fer Lo the Puh lie I111prov1?m c nL 1-'un<l.