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
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