City of Colorado Springs - File #: 22-200

• File #: 22-200
• Version: 2
• Type: Ordinance
• Status: Mayor's Office
• File created: 3/18/2022
• In control: City Council
• On agenda: 5/10/2022
• Final action: 5/10/2022
• Title: Ordinance No. 22-29 amending Ordinance No. 21-112 (2022 Appropriation Ordinance) for a supplemental appropriation to the Lodgers & Auto Rental Tax (LART) Fund in the amount of $3,485,333 for additional projects and events recommended by the LART Citizen Advisory Committee; and to the Capital Improvements Program (CIP) Fund in the amount of $900,000 for LART-funded capital projects that will be administered by the City of Colorado Springs Parks, Recreation and Cultural Services Department Presenter: Chris Wheeler, City Budget Manager PK McPherson, Chair, LART Citizen Advisory Committee

Date	Ver.	Action By	Action	Result
5/10/2022	1	City Council	finally passed	Pass
4/26/2022	1	City Council	approved on first reading	Pass
4/25/2022	1	Council Work Session	referred

Title
Ordinance No. 22-29 amending Ordinance No. 21-112 (2022 Appropriation Ordinance) for a supplemental appropriation to the Lodgers & Auto Rental Tax (LART) Fund in the amount of $3,485,333 for additional projects and events recommended by the LART Citizen Advisory Committee; and to the Capital Improvements Program (CIP) Fund in the amount of $900,000 for LART-funded capital projects that will be administered by the City of Colorado Springs Parks, Recreation and Cultural Services Department
Presenter:
Chris Wheeler, City Budget Manager
PK McPherson, Chair, LART Citizen Advisory Committee
Body
Summary:
The LART Citizen Advisory Committee, at their meetings in March of 2022, recommended approval and funding for additional 2022 events and projects. The attached ordinance is a supplemental appropriation to the LART Fund in the amount of $3,485,333 as shown in Exhibit A, as recommended by the LART Citizen Advisory Committee. The attached ordinance also includes a supplemental revenue appropriation in the LART fund of $1,000,000 for funding received from the federal American Rescue Plan Act (ARPA) grant to address revenue loss during the pandemic.

The attached ordinance also includes a supplemental appropriation to the CIP Fund in the amount of $900,000 for LART-funded capital projects that will be administered by the City's Parks, Recreation and Cultural Services department. The $900,000 transfer from the LART Fund to the CIP Fund is included in the $3,485,333 LART Fund supplemental appropriation request.

In 2021, LART revenue exceeded budget by approximately $2.7 million. Additionally, LART has been provided $1,000,000 of American Rescue Plan Act (ARPA) funding as mentioned above.

Background:
A number of events in the community have been designated by Council resolutions over the years as "City-sponsored events" and are supported in whole or in part by LART funds. The remaining funds are allocated to projects and events in the community throu...