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HomeMy WebLinkAboutResolution-2005-0017 CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 17 Series of 2005 TITLE: A RESOLUTION APPROVING THE PIERCE STREET UTILITY UNDER-GROUNDING PROJECT, APPROVING THE EXPENDITURE OF FUNDS IN THE AMOUNT OF $180,000 FOR THE PROJECT, ALONG WITH AMENDING THE FISCAL YEAR 2005 CAPITAL INVESTMENT PROGRAM (CIP) BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION OF $80,000 WHEREAS, line item #30-306-800-806 of the Capital Investment Program budget is identified as Utilities Undergrounding Expenditures, and WHEREAS, the 2005 Capital Investment Program includes funding for under- grounding utility lines along Pierce Street from 32nd Avenue to 38th Avenue, and WHEREAS, the construction estimates to relocate the telephone and cable lines exceed the funding budgeted in 2005 for Pierce Street Utility Under-Grounding Project, and, WHEREAS, additional funds are programmed for 2006 ($200,000) to insure completion of the project, and NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge City Council, that: Section 1. Proiect Approved The Pierce Street Utility Under-Grounding Project be approved Section 2.Budqet Amended The following amendments to the 2005 CIP Fund budget are hereby approved (a) A transfer from CIP undesignated reserves in the amount of $80,000 to account #30-306-800-806 Section 3. Expenditure Approved The expenditure of not to exceed $180,000 is hereby approved from CIP account #30-306-800-806, for the purpose of the Pierce Street Utility Under-Grounding Project. Section 4.Effective Date This Resolution shall be effective immediately upon adoption DONE AND RESOLVED this /I iday of Li (1. 'r < ( ,2005- ('/i; (/ . ".-- / / ~;~~!.6~~nY ~Y~' ' "I -- J , ATTEST ~~()d_, , P la Anderson, City Clerk -> RESO 001 2