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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/05/1999 - FIRST READING OF ORDINANCE NO. 2, 1999, APPROPRIA AGENDA ITEM SUMMARY ITEM NUMBER: 1 DATE: January 5, 19999 • FORT COLLINS CITY COUNCIL STAFF: Matt Baker SUBJECT: First Reading of Ordinance No. 2, 1999,Appropriating Prior Year Reserves in the Street Oversizing Fund and Authorizing the Transfer of Appropriations from the Street Oversizing Fund to the Capital Projects Fund for the Drake Road Improvement Project. RECOMMENDATION: Staff recommends adoption of the Ordinance on First Reading. FINANCIAL IMPACT: This Ordinance appropriates$1,530,006 in the Capital Projects Fund to construct arterial roadway improvements for the Drake Road Improvement Project. This project will go to bid as soon as funds are available. Funds will be appropriated as follows: • Everitt Companies $358,928 Contribution In Aid (prior year reserves) Allnut Funeral Home $21,669 Contribution In Aid (prior year reserves) Norlarco $43,149 Contribution In Aid (prior year reserves) Street Oversizing Fund $1,106,261 Street Oversizing Fund (existing appropriations) TOTAL $1,530,006 This action will not affect the Street Oversizing Fund's ability to meet its other construction obligations in 1999. EXECUTIVE SUMMARY: Arterial street improvements are planned for Drake Road from Shields Street to Research Boulevard. These improvements include planted medians,detached sidewalks,bike lanes,right turn lanes,storm sewer improvements,and roadway and traffic signal improvements at two intersections. The project is predominantly funded by the Street Oversizing Program, but includes a Development portion contributed in the form of a Contribution in Aid, as a well as Pavement Management Program portion. Staff is requesting funds to be appropriated from the Street Oversizing Fund prior year reserves and authorized for transfer,along with existing appropriations,to the Capital Projects Fund for the purpose of starting these arterial road improvements in the spring of 1999. Staff believes this project needs to start in the Spring in order to avoid severe traffic delays and congestion in the area. Also, arterial improvements on Drake Road from Shields Street to Research Boulevard are also necessary in 1999 to keep construction impacts on City residents to a minimum. BACKGROUND: . Over the past year staff has completed the design of the Drake Road Project. The improvements will span from Shields Street approximately 2,800 feet east to Research Boulevard. The project will include reconstruction of the roadway,including curb,gutter,sidewalks,and bike lanes. Additional DATE: January 5, 1999 Z ITEM NUMBER: 17 upgrades to the project will include landscaped medians with street lights,concrete pad sites for bus stop locations, storm sewer improvements, four new right turn lanes, and a new traffic signal at Worthington Street. Staff has designed the project to meet current City arterial street standards, including landscaping and transit amenities within existing budget constraints. The project is planned to begin construction in the Spring of 1999, with final completion and landscaping to be completed in the Fall of 1999. Funding for the project is primarily through the Street Oversizing Program. Street Oversizing fees will be used to fund the project along with developer contributions. There are portions of Drake Road adjacent to the project which are scheduled for maintenance and overlay through the Pavement Management Program. This maintenance work will be included in the project. This will minimize inconvenience to the traveling public by accomplishing the work in one construction period. Some savings will be realized through consolidation of traffic control and mobilization costs. The Pavement Management Program will provide $107,761 for this maintenance work. Appropriation of funds into the Capital Projects Fund for this maintenance work has been completed through the normal budget process, and is not part of this Council action. This section of Drake Road currently has a declining level of service for traffic. With the addition of several new commercial businesses immediately adjacent to this area, including a large supermarket,the level of service will drop to an unacceptable level if the improvements planned for the project are not completed by the Fall of 1999. The construction improvements for Drake Road will require travel lane reductions and will be an inconvenience to the traveling public while under construction. Staff has been working with several other departments and private utilities to coordinate construction of the project in an effort to minimize inconvenience to the traveling public. In order to take this project to bid and to start construction in the spring, all funds for the project must be appropriated into the Capital Project Fund. The developers have already provided their funds for the improvements, and Street Oversizing funds are budgeted and appropriated for the remaining share of the improvements. ORDINANCE NO. 2, 1999 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS FROM THE STREET OVERSIZING FUND TO THE CAPITAL PROJECTS FUND FOR THE DRAKE ROAD IMPROVEMENT PROJECT WHEREAS, a section of Drake Road from Shields Street east to Research Boulevard has a declining level of service for traffic and is anticipated to drop to an unacceptable level due to the addition of several new businesses immediately adjacent to this arterial street; and WHEREAS, City staff has been working on the design plans for improvements to the aforementioned section ofDrake Road(the"Project')including reconstruction ofthe roadway,curb, gutter, sidewalks, bike lanes, landscaped medians with street lights, bus stops, storm sewer improvements, four right turn lanes, and a new traffic signal at Worthington Street; and WHEREAS,the estimated cost of the Project is $1,530,006, and funds are available in the form of existing appropriations($1,106,261)and prior year reserves in the Street Oversizing Fund, consisting of contributions from developers in the vicinity of the Project ($423,745); and WHEREAS,upon completion of the bid process,the Project would begin in the Spring of • 1999, with final completion and landscaping scheduled for Fall of 1999; and WHEREAS,Article V, Section 9, of the Charter of the City of Fort Collins(the "Charter") permits the City Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be available from reserves accumulated in prior years,notwithstanding that such reserves were not previously appropriated; and WHEREAS,Article V, Section 10,of the Charter authorizes the City Council to transfer by ordinance any unexpended and unencumbered amount or portion thereof from one fund or capital project to another fund or capital project,provided that the purpose for which the transferred funds are to be expended remains unchanged; and WHEREAS, it is the desire of the City Council to appropriate $423,745 from prior year reserves in the Street Oversizing Fund and authorize the transfer of said amount,along with existing appropriations totaling $1,106,261 from the Street Oversizing Fund, to the Capital Projects Fund to be used to construct improvements along Drake Road from Shields Street to Research Boulevard. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That there is hereby appropriated from prior year reserves in the Street • Oversizing Fund, the sum of FOUR HUNDRED TWENTY-THREE THOUSAND SEVEN HUNDRED FORTY-FIVE DOLLARS ($423,745)for transfer to the Capital Projects Fund,Drake Road Improvements Project to be used to construct improvements along Drake Road from Shields Street east to Research Boulevard. Section,2. That the unexpended appropriated amount of ONE MILLION ONE HUNDRED SIX THOUSAND TWO HUNDRED SIXTY-ONE DOLLARS ($1,106,261) is hereby authorized for transfer from the Street Oversizing Fund to the Capital Projects Fund,Drake Road Improvements Project to be used to construct improvements along Drake Road from Shields Street east to Research Boulevard. Introduced and considered favorably on first reading and ordered published this 5th day of January, A.D. 1999, and to be presented for final passage on the 19th day of January, A.D. 1999. Mayor ATTEST: City Clerk Passed and adopted on final reading this 19th day of January,A.D. 1999. Mayor ATTEST: City Clerk