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HomeMy WebLinkAbout1989 Resolution No. 049 [1]RESOLUTION NO. :J!i._ Se ·ies of 198? (approved 8 /21/89) A RESOLUTION AMENDING THE PUBLIC IMPROVEMENT F1JND. WHEREAS, the City Council of the City of Englewood, Colorado, desires to make certain changes to the Public Improvement Fund: NOW, THEREFORE, BE IT RE SOLVED, by the City Council of the City o f Englewood , Colorado , as follows : Section 1. The following changes in appropriations are hereby m40e in the 1989 Public Improvement Fund Budget : Source of Funds Arapahoe County Road & Bridge Application of Funds Lincoln Storm Sewer Communicatior,s Equipment Key Savings Kenyon Storm Se1,r.•er Paviug Di s trict #33 Dartmouth/Elati Traffic Signal Br idge Repair Acoma Parking Lot Downtown Maintenance Equipment Sherman Box Culverts Use Tax Bond Principal and Interest King Soopers • EURA Intersection Improvements -EURA Civil Defense Sirens Signal Post Painting Broadway Concrete Repairs ~-D. C. Electrical L .D.C. Fire Hydrants Santa Fe Storm Sewer L. D. C. Cinderella City Concre te Repair Contingency Repairs PIF·Golf Course Pumps PIF Fund Balance L . D. C . • Dartmouth $ 26,554 754 (7,940) (18,697) (50 ,000) 30,000 (375) (11,684) (5,685) 24,059 (3 ,600) (1,226 l (28 ) 5,000 15,250 8,000 4,100 26,000 14,600 15,000 10 ,000 25,000 (5,752) 30,670 (105,000) $ 25,000 e e Section 2 . The following eatimated revenues and changes in appropriationoffunds is hereby u,ada in the Golf Course Fund and the Public Im provement Fund: Source o f Funds: Golf Course Fund Balance Application of Funds: PI F Golf Course Storage Buildings !'IF -Golf Course Improvements $ 45,000 (30,000) $15,000 Section 3. The following changes in appropriation of funds is hereby made in the Conservation Trust/Lottery Fund and the Public Improvement Fund: Applicatio·, of Fun ds: PIF • Nature Center PIF -Eng"o.ewood Recreation Center Roof Beams PIF -Englewood Recreation Center Roof PIF -Restroom Impr ovements Jason & Centennial Parks PIF -Resttoom Impr ovements Belleview Cushing Parks PIF -Recreation Center Floor Conservation Lottery Fund Balance (7,000) 50,000 (68,000) 20 ,000 & (25,047) (11,000) ____il,_fil $ 0 Sec tion 4. The City Manager and Director of Finance are hereby au th oriz ed to make the ..1bove r;!--J.nges to the 1989 Budge t of the City of Englewood . Adopted and appc oved this 21st of August,.,.l.989 . .,,__ t { L ATTEST: usan Van Dyke I May~r C,diiaY 11 J/ Cle--tC City Cl e rk I, Patricia H. Crow, City Clerk of the City of Englewood, Colorado, do hereby certify that the 11bove and foregoing is a true, accurate and c omp l ete copy of Resolution . o . .!f.2...::: Sedes of 1989 0 ldj;;c.1tr-JJ. Li! ct:d Patricia H. Cr ow e DATE August 21, 1989 INITIATED BY STA · SO URCE ISSUE/ACTION PROPOSED COUNCIL COfi,i UNICATI ON AGE NDA ITEM 11 (c) SUBJECT Resolution to Change the 1989 Public Improvement Fund Budget Public Works and Finance Departments Kells Uaggoner and Maq;aret Freeman Council Approval of the Re so lu t ion to Chause the 1989 Pub l ic Improvement Fund Budget. PREVIOUS CO•JNC IL ACTIO N .A Ordinance No . 37 and Ordinance No. 38 , Series 1988 , Novembe r 2 3 , 1988 , adopting ... origin a l 1989 Publ ic I mprove me nt Fund budr,e t . STAFF ANALYSIS The Public Improvement Fund is used t o fun d Cup ita l I mprovem~nt Projects in the City. Projects are d e fine d for the fol lm,,,,ing year during the ann ual budget process ; and budgets are e st i mate d for ea c h proj ect . As the yea r goes by and projects are c ompleted or del ayed or ne w projects a re .:i pproved b y Co unc il, the PIF budget should b e ame nde d . The curre n t Reso lut io n includes p r ojec t s tha t hav e been completed and are to be closed a nd ne w p r ojec t s ch a t have b ee n im p l e me n t ed by Co uncil direction. During 1 990, staff will b e gi n work t o generate a Five Year Public Improv ement Fund pl a n in o~ der to addres s l ons· t e rm n e eds and al so addre ss lon g term funding requi rements. BACKGROUND Since January 1 , 1989 t \,:e l \.'e p roj ec ts have b een comple ted. Ten new projects are now proposed for 1 989 , includi ng t wo storm drai nage projects, six infrastructure repair , replacement or enhancement projects and two pa rks and r ecr eation improvements. Twenty other projec ts, previously appro\.'e d , are continui ng, with completion ge ne rally scheduled no l ate r th an the end o f 19 90 . .A In addition to t he proj e ct cha n&es, r e ve nue s ha,·e also been adjusted to reflect ... additional Arapahoe County Road a n d Bri<l&e monies. e FINANCIAL The fol lowing changes should be made to t he Public Improvement Fund for 1989 · Due to project completion, r he Lincoln Storm Sewer, Key Savings (Storm Sewer) and the Kenyo n Storm Sewer accounts may be closed. The project balances for the three accounts total $83. The $8 :, \'ill be returned to che Fund Balance and all accounts wi 11 th .. m be zero. Cost overruns in the Lincoln Starn Sewer account were a result of several unanticipated problems during construction : 1) hiring a private contractor to install the storm se""er between Girard a nd Hampden because of the exceD sive depth of the pipe and in:::;tability of the soils , 2) additional monies to patch the extra width of asphalt resulting from the exc·::ssive depths, 3) removal of a buried foundation wall prior to installing the pipe . The Golf Course Pumps project is complete and the account may be closed. Since the funds wer :: appropriated from the Public Improvement Fund Balance per Resolution #5 of 19~~. the remaining fu"lds may be r e turned to the Fund Balance. Sinc e there are no immediate plans for a Na tun~ Center, this account is closed and the monies are returned to the Lottery Fund. The Communication Equipment project of the Police and Fire Departments has be en e com pleted . Due to miscellaneous cost overruns , the project has a negative balance of $754. To zero out t!ie account, funds in the amount of $754 should be appropriated from the Fund Balan ce and the project closed. The Use Tax Bo nd Princ !..p ~l und I nte res t account has a surplus of $3,600 as of the end of 1988. Surplus can be re t urned to the Fund oalance. Appropriations for 1989 will r e main as current in the 1989 PIF Budget. The Acoma Parking Lot, Bridge Repair, Downtown Maintenance Equipment , King Soopers -EURA and the Intersection Improv ements-EURA projects are complete. The accounts may be closed and tha remaining monies returned to the Fund Balance. $30,000 is appropriated to a new account, Dartmouth/Ela ti Traffic Signal. Thi s p roj ec t wil l remove the existing mid-block pedestrian signal between Delaware and Ela t i on Dartmouth. A completely signalized intersection at Dartmouth and Elati will be installed, including new poles and mast arms, traffic controller, signal heads, ped es trian buttons and traffic loops . Monies will come from the Fund Balance. $10,000 is appropriated for the Concrete Repair Account . This token amount will be used to replace badly dete riorate d, City-responsibility concrete on an emergency ba si s . Mo nies wil l come from the Fund Balance. $15,250 ls appropriated for the Signal Poles Project. Signal poles at seven intersections need work -three and a half on Englewood Parkway need to be repainted because the paint is peeling; three and a half need to be painted for the first time e at Floyd and Broadway, Ela ti and Girard, Cherokee and Girard, and Hampden Plac e a nd the Parkway. Cost for painting or repainting each intersect ion is $2,178.57 . Monies for this project will come from the Fund Balance . -$24 ,059 is appropriated to pay for i i,provements t o the Little Dry Cr,-.1: bike/pedestrian path underneath Sherman Street, includ in& channel improvements t o mair.tain access fo r clconin& purposes. n onif:s wi ll come f rom tht •·~·,\ .!l:11 '.a.g,1c 11. $15,000 i s appropriate:d to pay fo r r e pairs to t h e Li tt le Dry l,;re1.:: t•V". ·•1 1ivert from Cinderella City to t he o utl~t of the box . '.\o r k includes drilling ·:~•·. h olftS in the last 471 feet of t he box; and o·:e rlayins the parking l o t ov er the la•Jt 4 15 t e~t of the box . These repairs ar e requi red to tuke care of moisture lenkin& through t he box culvert wal l s and ceiling. !fonics wil l come f r om the Fund Balance . Due to the favorable bids on PaYint, Distric t ~o. 33 , f\.\nd s in the arr.aunt of $50 ,000 wil l not be requ ire d . Pr o ject appl."opriations nre reduce d by $50 ,000 and these funds ma y be returne d to the Fund Balance. Due to project de l ays, construc tion on the Da r tmouth•S,:inta Fe improvements will not begin until Fa ll, 1989. Funds requi red for 1989 are reduced from $250 ,000 to $20,000 . $105 ,000 o f City -prov ide d monies Is returned to the Fund Balan e , to be reappropriated in 1990 . The other $125,0 00 from UD&FCD will also be reappropriated in 1990 . $8 ,000 is appropriated to the new Broad~,•uy Concrete Repairs account to fund repairs to c oncrete in th e 3100 through 340 0 blocks of South Broadway. This work involves replac ing private•responsibility de t er i orate d concrete. Upon completion, the p roperty own e rs will be bille d for the c o st of t he r epa irs and this mo .ley will eventually be r ec ove red . -$4,100 is appropr ia t ed to the Littl e Dr y Cr e ek Ele ctr ic a l project. This work involves ins t a lling h i gh•p r ~ssure sodi um lights on e:-:isting and new poles from Broadway to Cla r kson, to illuminate the bike path/pedestri a n trail adjacent t o Little Dry Creek , at a co st of $3 ,100; r,nd installing additional electrical receptacles at Acom a/Hampde n at a c ost of $1 ,000. Construction on the bike path l ights will be by Pub l ic Serv i ce Comp any . Construct ion of t h e receptacles will be by private contractor . - $14,600 is appropri ated t o the U.S. 285 -S.inta Fe Storm Sewer project . The Colorado Department of Highways •.,;i ll be upbradin & the storm sewe r in U.S . 28 5 from Santa Fe t o South Jaso Street in conjunction with i mpro,·em e nts to the overpasses in this area . These fund s wi ll be us e d t o p ay f or u ps izins the storm sewer from 24 inch to 36 inch pipe to handle f uture storm t.'ci t cr flows fr om south and east of Jason and U .S. 285 . $20,000 is liqui da·.:e d from the Res troom Im prov cments •Bcllev · /Cush i ng and is r eappropriated to Re stroom Improvr•me nts~J a s on/Cente nnial Pa ~. The remaining $5,047 is ret\..rned to the Lo:tcry Fund, since the funds were or iginally appropriated from this Fund . · $30 ,000 is liquidated from t he Go lf Cour s e Jrnprovements account a nd i s reappropriated to the Gol f Cour s e Ston1se Building a c count . The $14,318 left in this accoun t will b e used to reconstn1i:t the t:o . 6 green a t the Golf Co u rse. Budge t to construct the building adj llcent to t h e Old Cl ubhouse i s estimated at $80,000 . The remaining $15,000 wi 11 come f rom the Col f Co urs e Enter prise Fund . $26,000 1w budgeted to i .. :·•11 Fi r e ll ydrnnts along the Lit tle Dry Creek Projec t froi?. t he Plaza to South Clark son St .. ·-.:c t . \,'n t e r from the hydrants wil l be used to clfl ,1 h thtt a r ea of silt and dc b1:is fo llo,dng n flood or other high•water condition ■. ~6U ,0V0 :!.s lic:,uidated from t h e Recreat ion Ca nt e r Roo f Repair account . $50,000 11 apr,ropriated for repair of t he &lu -lam beams at the Recrea t i on Center. $18 ,000 ia returned to the Lo ttery Fund. $25 ,000 is budgeted for a Con tingency Repair and Rep lacement account t o be used for em ergency repairs f or s treets, s torm sewers, concrete , an d f aci lities improvements . $5,000 is budgeted to p ay f o e the Civi l Defense Sirens, pu r c hased from the City of Colorado Springs . The Recreation Center Fl oor project ha:; been postponed. The $1 1,000 is returned t o the Lottery Fund . Based on these propo sed 1·e vt:nues , changes in projec t schedul es a nd proposed expenditures for the r e mainde r of the yea r, the Fund Balance at the end of 1989 1s estimated to be approximu.t1:ly $1 59,000 . Revenues and expendi tures will co11t i nue to be raoni to red .