Title
AN ORDINANCE AMENDING THE 2020 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 $714,450 FOR INSTALLATION OF SYNTHETIC TURF AT STUART MIDDLE SCHOOL AND TRANSFERRING $500,000 FROM THE CCBSD FUND TO THE CIPP FUND FOR SPORTS FIELD IMPROVEMENTS AT THREE LOCATIONS AND AUTHORIZATION OF THE EXPENDITURE THEREOF.
Body
Summary and Background Information:
This ordinance approves the expenditure of funds from the joint Use Tax fund with 27J to fund improvements to several fields at local schools. Expenditure of these funds requires the approval of both the City Council and the District 27J School Board. The City Council previously authorized the use of these funds during the 2019 budget process, for projects at Stuart Middle School and Turnberry and Second Creek Elementary Schools. The school district also had an improvement project they wished to complete at a different field, at Stuart Middle School. As a result, the City held its request until the school district could complete the scope and preliminary planning for their project so that both could be presented together to the respective elected boards.
The expenditures for the listed projects represent a significant portion of the fund’s current balance. The fund balance is now $1,302,577. These expenditures will leave the fund with approximately $93,777. The joint use tax fund was established through an IGA in 2002, and allows for the collection and expenditure of use tax payable to the city for public school construction projects.
The city is seeking approval for three projects, with a total cost of $494,350 and a request to not exceed $500,000. These three projects will provide much needed improvements to the ball fields at Stuart Middle School and Turnberry and Second Creek Elementary Schools. Construction of new fields and improvements to existing fields at these...
Click here for full text