File #: Ord 2071    Version: 1 Name: An ordinance amending the 2015 budget - recognition of payment from CDOT for highway 2
Type: Ordinance Status: Passed
File created: 9/1/2015 In control: City Council
On agenda: 10/19/2015 Final action: 10/19/2015
Title: AN ORDINANCE AMENDING THE 2015 BUDGET OF THE CITY OF COMMERCE CITY, COLORADO BY INCREASING THE BUDGETED REVENUES IN THE CAPITAL EXPENDITURES FUND BY $15,700,000 FOR THE RECOGNITION OF THE PAYMENT FROM COLORADO DEPARTMENT OF TRANSPORTATION (CDOT) FOR OWNERSHIP AND MAINTENANCE RESPONSIBILITIES OF 8.676 MILES OF STATE HIGHWAY AND THE EXPENDITURE THEREOF.
Attachments: 1. Ordinance Final
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
10/19/20151 City Council approved on second & final reading  Action details Meeting details Video Video
9/21/20151 City Council introduced by council as seated and approved on first readingPass Action details Meeting details Video Video

Title

AN ORDINANCE AMENDING THE 2015 BUDGET OF THE CITY OF COMMERCE CITY, COLORADO BY INCREASING THE BUDGETED REVENUES IN THE CAPITAL EXPENDITURES FUND BY $15,700,000 FOR THE RECOGNITION OF THE PAYMENT FROM COLORADO DEPARTMENT OF TRANSPORTATION (CDOT) FOR OWNERSHIP AND MAINTENANCE RESPONSIBILITIES OF 8.676 MILES OF STATE HIGHWAY AND THE EXPENDITURE THEREOF.

 

Body

Summary and Background Information: 

The City received $15.7M from CDOT to take over ownership and maintenance responsibilities for 8.676 miles of State Highway 2 between mile marker 11.100 and mile marker 19.776. This action concurs with CDOT's evaluation that this segment of highway no longer serves the ongoing purposes of the State Highway System.

 

Staff Responsible (Department Head):  Sheryl Carstens

Staff Member Presenting:  Sheryl Carstens

 

Financial Impact: Revenue/Expense  Increase $15,700,000

Funding Source:  Capital Expenditure Fund

 

Staff Recommendation: I move to approve Ordinance 2071