City of Colorado Springs
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File #: 19-637    Version: Name:
Type: Ordinance Status: Mayor's Office
File created: 9/30/2019 In control: City Council
On agenda: 11/26/2019 Final action: 12/5/2019
Title: Ordinance No. 19-88 amending Ordinance No. 18-118 (2019 Appropriation Ordinance) for a supplemental appropriation to the 2C-Road Repair, Maintenance and Improvement Fund in the amount of $3,000,000 for additional capital expenditures identified for 2019 Presenter: Charae McDaniel, Chief Financial Officer Travis Easton, P.E., Public Works Director Corey Farkas, Manager of Operations and Maintenance Division of Public Works
Attachments: 1. Supplemental Approp Ord - 2C Fund #2 Oct 2019, 2. Signed Ordinance 19-88.pdf

Title
Ordinance No. 19-88 amending Ordinance No. 18-118 (2019 Appropriation Ordinance) for a supplemental appropriation to the 2C-Road Repair, Maintenance and Improvement Fund in the amount of $3,000,000 for additional capital expenditures identified for 2019

Presenter:
Charae McDaniel, Chief Financial Officer
Travis Easton, P.E., Public Works Director
Corey Farkas, Manager of Operations and Maintenance Division of Public Works

Body
Summary:
The attached ordinance is a supplemental appropriation to the 2C-Road Repair, Maintenance and Improvement Fund in the amount of $3,000,000 for additional capital expenditures identified for 2019. In 2017 and 2018, sales tax revenue collections were higher than anticipated, resulting in a $9.4 million of available fund balance. To date in 2019, 2C sales tax revenue is expected to exceed the budget of $50,000,000 by approximately $8,000,000.

Background:
Colorado Springs voters passed by 64.72 percent in November 2015, Ballot item 2C which allowed the City to impose a 0.62 percent sales tax increase beginning January 2016 for a period of five years that will collect approximately $50 million in revenues annually to be used exclusively for roadway improvements within the City of Colorado Springs. Annual work program budgets are built to the $50 million appropriation.

Approximately 50 percent of the work is associated with curb and gutter and sidewalk. Replacing or repairing concrete is an essential part of roadway maintenance, which protects streets from deterioration. In addition, these improvements will add/retrofit pedestrian ramps and create accessible routes that meet Americans with Disabilities Act (ADA) standards and improve the accessibility in Colorado Springs.

The pre-overlay concrete program portion of roadway maintenance takes much longer than asphalt overlay. To complete a program year on time requires concrete operations to begin well in advance. Appropriating available and additional 2C fu...

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