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HomeMy WebLinkAboutResolution 2011-0044CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 44 Series of 2011 TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2011 CAPITAL INVESTMENT PROGRAM BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $360,000 FOR BUS SHELTERS AND APPROVING A CONTRACT WITH THE COLORADO DEPARTMENT OF TRANSPORTATION FOR BUS STOP SHELTER INSTALLATION, PROJECT NO. 18526 WHEREAS, the City Council wishes to provide for the installation of bus stop shelters at various selected locations citywide; and WHEREAS, the City has been awarded a State FASTER-Transit grant by the Colorado Department of Transportation (COOT) to purchase and install shelters; and WHEREAS, the City has negotiated a contract with the Colorado Department of Transportation for the funding of the Project; and WHEREAS, the project funds will be programmed in the 2011 Capital Investment Program budget under the Minor Street Improvements Projects account to finance the project cost and will seek reimbursement of 80% of the Project costs from COOT upon Project completion; that: NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge City Council, Section 1. Contract Approved. The contract between the City and the Colorado Department of Transportation for Project 18526: Bus Stop Shelters installation, is hereby approved and the Mayor and City Clerk are authorized and directed to execute the same. Section 2. Budget Amended. The City of Wheat Ridge fiscal year 2011 CIP Budget be amended to transfer an amount of $360,000.00 from CIP Fund Balance to line item 30-303-800-840 for the Bus Stop Shelter Installation. Section 3. Effective Date 10 -~ '1-11 . This Resolution shall be effective immediately upon adoption. DONE AND RESOLVED this t2 ~.J..ft day of -""="-"'-'9P-++