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HomeMy WebLinkAboutResolution 2008-0017 CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 17 Series of 2008 TITLE: A RESOLUTION APPROVING A SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $150,000 FROMl.l1E FISCAL YEAR 2008 GENERAL FUND UNDESIGNATED RESERVES FOR 1.l1E PURPOSES OF PURCHASING THE PROPERTY LOCATED AT 3388 SWADLEY STREET IN THE AMOUNT NOT-TO-EXCEED $300,000 AND APPROVING AN INTERGOVERNMENTAL AGREEMENT "'UH THE URBAN DRAINAGE AND FLOOD CONTROL DISTRICT FOR A $150,000 REIMBURSEMENT TO THE CITY FOR THE PURCHASE OF THIS PROPERTY WHEREAS, the recent drainageway study of Lena Gulch identified a channelization project that would remove thirteen homes from the floodplain; and WHEREAS, the proposed stream improvement project requires removal of two homes; and WHEREAS, one of the homes required to be removed for the project is currently for sale; and WHEREAS, the City Council wishes to purchase the property located at 3388 Swadley Street for the future drainageway project; and WHEREAS, the Urban Drainage and Flood Control District will reimburse the City 50 percent of the costs of acquiring the property located at 3388 Swadley Street; and WHEREAS, the 2008 Capital Investment Program budget does not include funding for the purchase of the property located at 3388 Swadley Street. NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge City Council, that: Section 1. The purchase of the property located at 3388 Swadley Street is approved at a not-to-exceed cost of $300,000. Section 2. Budaet Amended. The follawing amendment to the 2008 Capital Investment Program budget is hereby approved: 1. Transfer $150,000 from General Fund undesignated reserves to the Capital Investment Program Fund line item 30-302-800-833. Effective Date 3/2 Y ID'l This Resolution shall be effective immediately upon adoption. DONE AND RESOLVED this u. ~ 1 day of March, 2008. t! 1Jr(h d ~ J1ry ttulliO, Mayor ATTEST: Michael Snow, City Clerk RESO 001 2