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Louisville City Council Meeting April 1, 2003 Page 8 of 22 RESOLUTION NO. 5, SERIES 2003 - A RESOLUTION AMENDING THE 2003 BUDGET BY INCREASING REVENUES AND APPROPRIATIONS IN THE CONSERVATION TRUST - LOTTERY FUND AND THE WATER AND WASTEWATER ACTIVITY ENTERPRISE FUND AND DECREASING REVENUES AND APPROPRIATIONS IN THE WATER UTILITY FUND AND SEWER UTILITY FUND FOR THE CITY OF LOUISVILLE, COLORADO Sisk called for Staffpresentation. Finance Director Charlene Laus reported the resolution authorizes a supplemental appropriation to the 2003 budget. She reviewed the components of the appropriations. In the combined Water and Waste Water Activity Enterprise, the supplemental appropriation reduces appropriations in the water utility fund and the sewer utility fund to $0 and subsequently appropriates those combined funds into the Water and Wastewater Activity Enterprise Fund. In addition, appropriations are included for the Colorado Water Resources and Power Development Authority loan in the amount of $12,000,000. Also included is the $1,932,000 for the purchase of CBT water that was approved at an earlier meeting. In the Conservation Trust - Lottery Fund there were three projects that were in progress at the end of 2002. The supplement al appropriation for this fund is to carry over the encumbrances for those projects. Sisk called for public comment. There were none. MOTION: Brown moved that Council approve Resolution No. 5, Series 2003, seconded by Levihn. Roll call vote was taken. The motion passed by a vote of 6-0. PURSUANT TO SECTION 2.92.010 OF THE LOUISVILLE MUNICIPAL CODE, NOTICE IS HEREBY GIVEN THAT ON OR AFTER APRIL 1, 2003, AT A REGULARLY SCHEDULED CITY COUNCIL MEETING, THE CITY OF LOUISVILLE WILL MAKE A FINAL DETERMINATION AS TO THE PURCHASE FOR RIGHT-OF-WAY PURPOSES FOR THE HIGHWAY 42/96'" STREET CONNECTION PROJECT, OF FEE TITLE TO ONE PARCEL OF LAND, THAT IS PART OF THE SCHREITER PROPERTY LOCATED AT THE SOUTHEAST CORNER OF THE DILLON ROAD AND SOUTH 96TM STREET INTERSECTION. THE PARCEL IS 1.690 ACRES MORE OR LESS AND LIES WITHIN BOULDER COUNTY AND IN THE N 1/2 OF THE NW ¼ OF SECTION 21, TlS, R69W OF THE 6'" P.M. COUNTY OF BOULDER, AND STATE OF COLORADO. FOR: CITY OF LOUISVILLE Sisk called for Staff presentation. Public Works Director Tom Phare stated the proposed Highway 42/96th Street roadway and utility improvements will traverse the Schreiter property. It is necessary for the City to acquire the land for right-of-way and easement purposes. It is intended to pursue the 8