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AN ORDINANCE AMENDING THE 2016 BUDGET OF THE CITY OF COMMERCE CITY, COLORADO BY INCREASING THE BUDGETED REVENUES IN THE GENERAL FUND BY $2,553,900 FOR THE RECOGNITION OF THE PAYMENT FROM ADAMS COUNTY AS THE ADMINSTRATOR OF THE IGA FOR THE ADAMS COUNTY AIRPORT COMMITTEE, AUTHORIZING THE TRANSFER OF $1,398,021 TO THE CIPP FUND AND AUTHORIZING THE EXPENDITURE THEREOF
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Summary and Background Information:
Adams County, Commerce City, and other cities are members of the Adams County Airport Coordinating Committee The IGA spells out the revenue sharing components.
Jim Hayes presented information at the 3/14/16 council meeting as part of his recap of the winter retreat. Staff prepared a review and amendment to the numbers that were presented at the study session on 8/8/16. This ordinance approves the recommendations.
Revenues from the agreement were received in 2016, this ordinance recognizes those revenues and approves transfers to CIP for the following:
- Tower Road Utilities $1,353,271
- Sidewalk Connectivity $44,750
Staff Responsible (Department Head): Sheryl Carstens
Staff Member Presenting: Sheryl Carstens
Staff Recommendation: Approval
Suggested Motion: I move to approve Ord 2112