HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 07/06/1999 - SECOND READING OF ORDINANCE NO. 100, 1999, APPROPR ar.
AGENDA ITEM SUMMARY ITEM NUMBER: 8
� DATE: July 6, 1999
• FORT COLLINS CITY COUNCIL STAFF: Carol Turner
SUBJECT:
Second Reading of Ordinance No. 100, 1999,Appropriating Unanticipated Revenue in the General
Fund for Facade Restoration of 328 Remington Street,the Historic 1904 First Baptist Church.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
Ordinance No. 100, 1999, which was unanimously adopted on First Reading on June 15, 1999,
appropriates unanticipated revenue for the restoration of 328 Remington Street (the historic 1904
First Baptist Church)which will become the "Old Town School for Film, Theatre and Dance."
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AGENDA ITEM SUMMARY ITEM NUMBER: 15DATE: June 15, 1999
FORT COLLINS CITY COUNCIL STAFF:
Carol Turner
SUBJECT:
First Reading of Ordinance No. 100, 1999, Appropriating Unanticipated Revenue in the General
Fund for Facade Restoration of 328 Remington Street,the Historic 1904 First Baptist Church.
RECOMMENDATION: # '
Staff recommends adoption o the Ordinance owfirstkeading:,r
FINANCIAL IMPACT:
The City has been awarded a grant from the Colorado Historical Society State Historical Fund in the
amount of$162,362 for the restoration of 328 Remington Street. Matching funds in the amount of
$161,843 will be provided by the'owner of the building
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EXECUTIVE SUMMARY:
This request is for appropriating unanticipated revenue in the amount of$324,205 for the restoration
of 328 Remington Street(the historic 1904 First Baptist Church)which will become the"Old Town
School for Film, Theatre and Dance
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The City of Fort Collins has been awarded a State Historical Fund grant in 1999 by the Colorado
Historical Society. The purpose�oUthe grant is to restore 328-Remington Street in Fort Collins.
State Historical Fund grants are available to private entities if a public entity will be the applicant
for its project. This project will have a significant impact on the historical character and economic
viability of downtown Fort Collins. Therefore,the City agreed to be the applicant,and the building
owner, Michael S. Gaines,was the co-applicant.
The building owner will provide grant matching funds in the amount of $161,843, and will be
contracting for the work from sole source vendors. The City's role is to: (1)be the grant applicant
for the project; (2) contract with the State to receive and administer the grant funds; (3) enter into
a Memorandum of Understanding with the building owner in order to receive the cash match funds
in defined amounts at defined stages of the construction completion; and (4)be responsible for the
distribution of the grant and cash match funds. The grant management will be administered by the
DATE: Jane 15, 1999 2 ITEM NUMBER: 15
Advance Planning Department. The cost of this administration will be covered by the building
owner's cash match for the grant. The grant funds will be distributed periodically in accordance with
the Project Time and Payment Schedule.
The owner has also been awarded a Downtown Development Authority (DDA) facade grant for
$50,000. The DDA award will be available as a reimbursement to the owner's cash match at the
approved completion of the project.
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