City Council Minutes 2010 11 01 - Laserfiche WebLink

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City Council Meeting Minutes November 1, 2010 Page 4 of 11 presented for final adoption is very similar to the one presented during the public hearing. He outlined the major adjustments as follows: Removal of $500,000 from the land acquisition line of the City Shops Project. Modification of the funding for the McCaslin /Dillon Interchange Project to include a federal grant in the amount of $719,920. Increases 2011 Water Right Acquisitions in the Water Utility Fund by $1,020,000 for 120 units of CBT at $8,500 per unit. COUNCIL COMMENTS Councilor Muckle requested City Manager respond to questions relative to the Historic Preservation Fund. City Manager Fleming noted the ballot measure adopted by the voters divides the funding into the following four categories: Administration, Incentives; Acquisitions and Contingency. Only 5.3% is allocated for Administration; $85,000 for a Historic Survey, and $40,000 to the Grain Elevator Project; $10,000 is for temporary salaries for historical landmarking and $35,000 for Staff salaries for research and to assist in the administration of the Historic Preservation Commission. City Manager Fleming addressed Councilor Muckle's question relative to the funding for the Facility Master Plan, which is included in the Capital Projects Funding, Raw Water Facility Plan. Councilor Muckle noted the City is investing in the future by purchasing high quality Colorado Big Thompson water shares. Mayor Sisk agreed and noted Big Thompson water is ready to use, without being adjudicated through the Water Court. He noted the shares in the Big Thompson water have a higher priority than water shares from Marshall Lake. City Manager Fleming explained the Water Utility Funds is an enterprise fund, and water rights purchases come directly from this fund and not the general fund. RESOLUTION No. 66, SERIES 2010 A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND ADOPTING A BUDGET FOR THE CITY OF LOUISVILLE, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY 2011 AND ENDING ON THE LAST DAY OF DECEMBER 2011 MOTION: Mayor Pro Tem Marsella moved to approve Resolution No. 66, Series 2010, seconded by Councilor Dalton. Roll call vote was taken. The motion carried by a vote of 6 -0. Absent: Councilor Sackett. RESOLUTION No. 67, SERIES 2010 ANNUAL APPROPRIATION RESOLUTION FOR THE CITY OF LOUISVILLE, COLORADO FOR THE CALENDAR YEAR BEGINNING JANUARY 1, 2011 AND ENDING DECEMBER 31, 2011