Finance Item/Grant Request Template
Date Submitted: 5-15--2023
Requesting Agency: Finance
Division:
Subject Matter Expert Name: Jackson Brockway
Email Address: Jackson.Brockway@denvergov.org
Phone Number:
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red “title” and “body” below. Do not at any time delete the red “title” or “body” markers from this template.
title
A bill for an ordinance making a rescission from and an appropriation in the Capital Improvements and Capital Maintenance Fund.
Approves a transfer of $5,000,000 from Capital Program PB001 - NWC Triangle Project fund to Capital Program NX002 - NWC Equestrian Center Project fund to support procurement activities, assessments, and design of the equestrian center and potential hotel at the National Western Center campus in Council District 9. The Committee approved filing this item at its meeting on 5-16-2023.
body
Affected Council District(s) or citywide? 9
Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
In the 2020 Annual Budget, $5 Million was appropriated into Capital Program PB001 to support the procurement process for the National Western Center Triangle project (Phases 3-8). This project was deferred due to COVID-19. As work on Phases 1-2 continues, specific funding needs have been identified to support the development of the Equestrian Center and potentially a hotel. Initial funds will be used to support procurement activities, studies/assessments, design and potentially capital delivery of the Equestrian Center project and a hotel. Further detail on the use of these funds can be found in the cooperative agreement, which will be before the City Council at the same time as this ordinance request.
The $5 million in funds appropriated within PB001 can only be utilized for the now deferred Phases 3-8 (Triangle project area). This request moves funds for use with procuring the Equestrian Center in Phase 1 and 2 and a potential hotel.
|
Accounting Number |
Account Title |
Expending Authority |
Amount Rescinded |
|
34080-0106000-PB001 |
NWC Triangle Project |
Executive Director of the Performance Based Infrastructure |
$5,000,000 |
|
Accounting Number |
Account Title |
Expending Authority |
Amount Appropriated |
|
34080-2590000-NX002 |
NWC Equestrian Center Project |
Chief Financial Officer |
$5,000,000 |
Type (choose one: Grant; Supplemental; Fund Creation; Fund Rescission; Fund Transfer; Appropriation; Other):
Amount: $5M
Budget Year: 2023
Fund and Funding Source (Fund/Org/Grant Number, if applicable):
Grantor (if applicable):
Fund Matching Requirements (if applicable):
Fiscal Impact: