Agenda Date: 07/16/2024
Subject:
Title
Ordinance 16-2024: An ordinance on first reading amending Ordinance No. 24, Series of 2023, Appropriating Funds for the 2024 Annual Budget for all municipal purposes of the City of Littleton, Counties of Arapahoe, Douglas, and Jefferson, State of Colorado for the fiscal year beginning January 1, 2024 and ending December 31, 2024
Body
From:
James L. Becklenberg, City Manager
Prepared by:
Kevin Orton, Budget Manager
Presentations:
N/A
PURPOSE:
Council consideration of a 2024 budget amendment for additional 2024 funding needs.
LONG-TERM OUTCOME(S) SERVED:
High-Quality Governance
DISCUSSION:
This ordinance includes six 2024 budget amendments as noted below:
Church Multimodal Grant - $250,000
On March 5, 2024, council authorized an intergovernmental agreement with the Colorado Department of Transportation (CDOT) to accept Revitalizing Main Streets Opportunity Funds in the amount of $250,000 for Multimodal Improvements on Church Avenue.
The total project cost is $305,000; of that amount $250,000 is from the CDOT Revitalizing Main Street Opportunity Funds and $55,000 is from city matching funds.
This ordinance will amend the 2024 budget by appropriating $250,000 from the Grant Funds. Matching funds in the amount of $55,000 is available for the 2024 3A Sales Tax Capital Improvement Fund budget's current appropriations.
Great Outdoors Colorado (GOCO) Grant - $950,000[KO1]
On March 5, 2024, council authorized a grant funding agreement with Great Outdoors Colorado (GOCO) to receive $950,000 for Reynolds Landing River and Park improvements.
This ordinance will amend the 2024 Budget to appropriate the $950,000.00 in Grant Funds. The City is required to match 25% of matching funds, these matching funds will be identified in the Open Space Fund and will be included in the 2025 Proposed Budget for City Council consideration.
Contributed Capital - $3,129,657 from partner agencies and developers
The city is leading eight (8) inf...
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