CITY of ALBUQUERQUE
TWENTY-FIRST COUNCIL
COUNCIL BILL NO. C/S R-15-267 ENACTMENT NO. ________________________
SPONSORED BY: Klarissa J. Peña
RESOLUTION
title
C/S Relating To Capital Projects; Amending The Adopted Capital Implementation Program (CIP) Of The City Of Albuquerque By Designating Funding For A New Project (Peña)
body
RELATING TO CAPITAL PROJECTS; AMENDING THE ADOPTED CAPITAL IMPLEMENTATION PROGRAM (CIP) OF THE CITY OF ALBUQUERQUE BY DESIGNATING FUNDING FOR A NEW PROJECT.
WHEREAS, The 2007 Capital Improvement Plan included funding for a West Central Metropolitan Redevelopment Area (MRA) Project; and
WHEREAS, a portion of the 2007 West Central MRA funding was used in the construction of the Central and Unser Library, and there remains an unused balance of approximately $498,000; and
WHEREAS, growth and increased retail activity at the intersection of 98th Street and Central Avenue has necessitated the need for improvements to the intersection; and
WHEREAS, the cost estimate for the 98th Street and Central Avenue improvements is approximately $203,000; and
WHEREAS, the improvements at 98th Street and Central Avenue fit within the existing scope of the 2007 West Central MRA project; and
WHEREAS, it is in the best interest of the City of Albuquerque for this project to be completed quickly and to have the improvements done at a favorable cost.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. That $203,000 is hereby designated from the existing Capital Implementation Program 2007 West Central MRA project, activity # 7357020, for improvements to the 98th Street and Central Avenue Intersection.
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