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HomeMy WebLinkAboutResolution 2017-0031CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 31 Series of 2017 TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2017 BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $120,000 FOR THE PURPOSE OF REPLACING 30 PEDESTRIAN LIGHTS ON 39TH AVENUE BETWEEN HARLAN STREET AND SHERIDAN BOULEVARD WHEREAS, the City of Wheat Ridge experienced a severe hail storm in May of 2017, resulting in significant damage to public and private property; and WHEREAS, a majority of the City's decorative pedestrian lights along 38th Avenue between Harlan Street and Sheridan Boulevard incurred significant damage and are no longer operable; and WHEREAS, said damaged lights are eligible for replacement and are covered by the City's insurance; and WHEREAS, said replacement of the damaged lights with the same (existing) light fixture is not possible as the fixture is no longer available; and WHEREAS, the City desires to replace all light units (covered and not covered by insurance) with the same available fixture to maintain consistency and streamline long- term operation and maintenance costs; and WHEREAS, the City desires to replace all light units with the City's adopted standard fixture; and WHEREAS, additional funding in the amount of $120,000 is needed along with the available insurance monies in order to replace all of the lighting fixtures; and WHEREAS, the City of Wheat Ridge Urban Renewal Authority (URA) has authorized releasing $120,000 of URA funds to cover the additional cost of replacing all of the lighting fixtures; and WHEREAS, the Wheat Ridge Charter requires that amendments to the budget be effected by the City Council adopting a Resolution. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Wheat Ridge, Colorado, as follows: A transfer of $120,000 is hereby approved from the General Fund undesignated reserves to account #01-303-700-761 and the 2017 revenues are amended accordingly. DONE AND RESOLVED this 11th day of September, 2017. ATTEST: