Title
AN ORDINANCE AMENDING THE 2017 BUDGET OF THE CITY OF COMMERCE CITY, COLORADO BY APPROPRIATING A PORTION OF THE UNENCUMBERED FUND BALANCE OF THE COMMERCE CITY BRIGHTON SCHOOL DISTRICT USE TAX FUND (CCBSD) IN THE AMOUNT OF $200,000 FOR HALF THE COST TO UPGRADE THE NATURAL SURFACE PLAYFIELD LOCATED AT REUNION ELEMENTARY AND AUTHORIZING THE EXPENDITURE THEREOF.
Body
Commerce City and School District 27J entered into an IGA in December of 2002 regarding the collection and expenditure of Use Tax, payable to Commerce City for public school construction projects. The IGA was amended in 2012 to better define potential uses of the fund; it reads in part, shall be used solely for the payment of the cost of financing, design, land acquisition, site development and construction, including enlargement and enhancement of (i) recreational facilities, (ii) school park sites (iii) gymnastics and (iv) other improvements such as but not limited to safety improvements.
School district 27J called a meeting of the Use Tax Committee on May 24, 2017 for the purposes of presenting a proposed expenditure of funds from the Use Tax Fund. The request was for up to $200,000 to pay for the installation of an artificial surface field at Reunion Elementary School. The committee ultimately approved moving the proposed expenditure to each respective elected body for funding consideration. There is a current fund balance in the Use Tax fund of over $1.1 million. No previous expenditures have been authorized from the fund.
Staff Responsible (Department Head): Brian McBroom
Staff Member Presenting: Troy Smith
Financial Impact: $200,000
Funding Source: Commerce City/ 27J Use Tax Fund
Staff Recommendation: Authorize the expenditure not to exceed $200,000 for the construction of the artificial surface field, locate at the Reunion Elementary School.
Suggested Motion: I move to approve Ordinance 2136