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HomeMy WebLinkAboutResolution 2008-0018 CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 18-2008 Series of 2008 TITLE: RESOLUTION 18-2008 - A RESOLUTION AMENDING THE FISCAL YEAR 2008 CAPITAL INVESTMENT FUND BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $325,000 FOR THE PURPOSES OF APPROVING AN AGREEMENT BETWEEN THE CITY OF WHEAT RIDGE AND THE URBAN DRAINAGE AND FLOOD CONTROL DISTRICT FOR DESIGN, RIGHT-OF-WAY ACQUISITION AND CONSTRUCTION OF DRAINAGE AND FLOOD CONTROL IMPROVEMENTS FOR THE ARVADA CHANNEL AND THE RIDGE ROAD TRIBUTARY WHEREAS, the 1994 Columbine Basin Outfall Systems Planning Study identified a channelization project that would improve drainage in northwestern Wheat Ridge; and WHEREAS, the City Council wishes to facilitate construction of a portion of the drainage improvements described as the Arvada Channel and the Ridge Road Tributary; and WHEREAS, the Urban Drainage and Flood Control District will contribute 50% of the costs of right-of-way acquisition, design and construction of the proposed improvements; and WHEREAS, the 2008 Capital Improvement Program budget does not include funding for the drainage improvements. NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge City Council, that: Section 1. An Intergovernmental Agreement with the Urban Drainage and Flood Control District for contribution of $325,000 of the costs of right-of-way acquisition, design and construction of a portion of the Arvada Channel and the Ridge Road Tributary is approved. Section 2. Budaet Amended. The following amendments to the 2008 Capital Investment Program budget are hereby approved: (a) Transfer $325,000 from General Fund Reserves to the Capital Investment Program Fund. This Resolution shall be effective immediately upon adoption. DONE AND RESOLVED this )41'\ day of April, 2008. A/MAL Jerfy i Lillio, Mayor ATTEST: I ~ Michael Snow, City Clerk RESO 001 2