HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 02/16/1999 - FIRST READING OF ORDINANCE NO. 22, 1999, APPROPRIA '
AGENDA ITEM SUMMARY ITEM NUMBER: 13DATE: February 16, 1999
• FORT COLLINS CITY COUNCIL
STAFF: Bob Smith
SUBJECT:
First Reading of Ordinance No. 22, 1999, Appropriating Unanticipated Revenue and Authorizing
the Transfer of Appropriations Between the Storm Drainage Fund Dry Creek Improvements Project
and the Storm Drainage Fund Colorado Water Conservation Board Grant.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT:
This Ordinance appropriates a grant in the amount of $52,689 from the Colorado Water
Conservation Board to be used for engineering services for the design of the Dry Creek Flood
Diversion Project. Matching funds for the grant will be transferred from existing appropriations in
the Stormwater Fund in the amount of $17,562.
EXECUTIVE SUMMARY:
This Ordinance will appropriate a $52,689 grant from the Colorado Water Conservation Board
(C WCB). The grant will be used for engineering services for the joint project with Latimer County
on the Dry Creek Flood Diversion Project. Staff applied for funds from the CWCB to assist in
designing the project. Recently staff learned that the grant had been awarded. In order to utilize
the grant,the City must first expend the funds for the project and then be reimbursed. Without the
grant, funds would have been used from the Dry Creek Project budget.
An Intergovernmental Agreement (IGA) with Latimer County entitled "Intergovernmental
Agreement for Stormwater Cooperation"provides for the City and Larimer County to share equally
in the costs to form a Local Improvement District(LID)to intercept flood flows north of the city and
divert those flows to the Poudre River west of College Avenue. This diversion would eliminate
existing flood hazards in the area, and eliminate the necessity for floodplain regulations since the
floodplain would be eliminated from the area and contained in the diversion.
. The County will take the lead in the formation of the LID. After formation,the LID will reimburse
both the City and the County for the Dry Creek improvements. The funds from the grant and from
the County will be used to determine accurate estimates for the costs of the improvements. These
costs will then be used to calculate assessments for the properties in the Dry Creek floodplain. The
DATE: e ruary 16, 1 99 2 ITEM NUMBER: 13
property assessments will ultimately finance the LID after it is formed and will reimburse both the
City and County for monies each has expended in the formation of the LID. The County is planning
on presenting the LID to the Dry Creek floodplain voters at the November 1999 election.
. ORDINANCE NO. 22, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS
BETWEEN THE STORM DRAINAGE FUND DRY CREEK
IMPROVEMENTS PROJECT AND THE STORM DRAINAGE FUND
COLORADO WATER CONSERVATION BOARD GRANT
WHEREAS, an Intergovernmental Agreement ("IGA") with Larimer County entitled
"Intergovernmental Agreement for Stormwater Cooperation"provides for the City and the County
to share in the costs to form a Local Improvement District ("LID") within the Dry Creek Basin to
intercept flood flows north of the City and divert those flows to the Poudre River west of College
Avenue; and
WHEREAS, pursuant to the IGA, the County intends to form the LID for the purpose of
paying for Dry Creek Flood Diversion Project Improvements (the "Improvements"); and
WHEREAS, staff applied for a grant from the Colorado Water Conservation Board
("CWCB") to be used for engineering services to determine accurate estimates for the cost of the
Improvements; and
• WHEREAS,the CWCB recently awarded the grant amounting to $52,689 to the City to be
used for this purpose; and
WHEREAS, the amount required for matching funds for the grant is $17,562; and
WHEREAS, when the LID is formed, monies expended by the City and County in the
formation of the LID will be reimbursed by the LID; and
WHEREAS,Article V, Section 9, of the Charter of the City of Fort Collins (the "Charter")
permits the City Council to make supplemental appropriations by ordinance at any time during the
fiscal year,provided that the total amount of such supplemental appropriations,in conjunction with
all previous appropriations for that fiscal year, do not exceed the current estimate of actual and
anticipated revenues to be received during the fiscal year; 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.
NOW,THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated revenue the
sum of FIFTY TWO THOUSAND SIX HUNDRED EIGHTY NINE DOLLARS ($52,689) from
the CWCB in the Storm Drainage Fund-Colorado Water Conservation Board Grant to be used for
the Dry Creek Flood Diversion Project.
Section 2. That previously appropriated funds in the amount of SEVENTEEN THOUSAND
FIVE-HUNDRED SIXTY-TWO DOLLARS($17,562)are hereby authorized for transfer from the
Storm Drainage Fund-Dry Creek Basin Improvements Project to the Colorado Water Conservation
Board Grant for the Dry Creek Flood Diversion Project.
Introduced, considered favorably on first reading, and ordered published this 16th day of
February, A.D. 1999, and to be presented on final passage on the 2nd day of March,A.D. 1999.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 2nd day of March, A.D. 1999.
Mayor
ATTEST:
City Clerk