HomeMy WebLinkAboutResolution-2003-0003
RESOLUTION NO. 03-2003
SERIES OF 2003
TITLE:
A RESOLUTION AMENDING THE FISCAL YEAR 2003
RECREATION CENTER OPERATING BUDGET TO REFLECT
THE APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRIA TJON.
WHEREAS, the City of Wheat RIdge entered I11to a financIal agreement 111 1998 to
secure fundmg for the constructIon of a recreatIon center located 111 the CIty of Wheat RIdge
WHEREAS, the City receIved funds from the sale of the seCUrIties wlthm the tinanclal
agreement, whIch are subject to Internal Revenue Service arbItrage regulations
'WHEREAS, the CIty wishes to comply \vIth IRS regulatIons and remIt the appropnate
momes to the United States Treasury
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Wheat
Ridge, Colorado, as follows:
A. The City of Wheat Ridge hereby authonzes payment of the arbItrage profit to the
UnIted States Treasury and authorIzmg payment to Bond LOglstlx, LLC for performing the rebate
calculatIOns.
B The CIty of Wheat RIdge tlscal year RecreatIOn Center Budget be amended
accordmgly, speclfically transferring $26,049 23 from the RecreatIon Center Operatmg Fund
unallocated reserves into account 64-602-700-750
ATTEST:
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Wanda Sang, City Cler0
RESOLUTION NO. 04-2003
SERIES OF 2003
TITLE:
A RESOLUTION IN SUPPORT OF THE GREAT
OUTDOOR COLORADO GRANT APPLICATION FOR
FUNDS TO RECONSTRUCT THE STEVENS
ELEMENTARY SCHOOL PLAYGROUND
WHEREAS, the Wheat Ridge CIty Park Master Plan Goals call for a balanced
and equitable park and recreation system responsive to all age groups and user groups;
and
WHEREAS, there is a demand for playground areas withm the City; and
WHEREAS, Jefferson County R-l School District and Stevens Elementary
School desires to reconstruct the playground at Stevens Elementary School site; and
WHEREAS, the City of Wheat Ridge deSIres to assIst with the reconstructIOn of
the playground at the Stevens Elementary School site; and
WHEREAS, the City of Wheat Ridge will be the applicant to Great Oudoors
Colorado for grant funding; and
WHEREAS, the CIty shall administer the GOCO grant in accordance with
provIsions of GOCO grant agreement contract number 9243; and
WHEREAS, the City may observe construction of all on-site development
improvements at its discretion. The City may notifY the DIstrict in writing of any
concerns; and
WHEREAS, the playground will be open to the public, thereby meeting the parks
and recreation needs of the community; and
WHEREAS, Amendment 8 was passed by the Colorado voters in November,
1993, establishing Great Outdoors Colorado and designating lottery proceeds as a
funding mechanism for parks and recreation projects. Therefore, GOCO established a
grant program for local governments to meet the parks and recreational needs of
communities.
NOW THEREFORE, BE IT RESOLVED BY THE CITY OF WHEAT RIDGE
CITY COUNCIL to support the grant application to Great Outdoors Colorado for the
Stevens Elementary School Playground Reconstruction.
"'-
DONE AND RESOLVED THIS .: Jj DAY OF FEBRUARY, 2003
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