HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/03/2000 - SECOND READING OF ORDINANCE NO. 127, 2000, APPROPR AGENDA ITEM SUMMARY ITEM NUMBER: 9
FORT COLLINS CITY COUNCIL DATE: October 3, 2000
FROM: Mike Herzig
SUBJECT:
Second Reading of Ordinance No. 127, 2000, Appropriating Unanticipated Revenue in the
Capital Projects Fund Downtown Railroad Track Consolidation Capital Project to be Used for
Improvements Associated with Phase III of the Railroad Consolidation Project.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
Ordinance No. 127, 2000, which was unanimously adopted on First Reading on September 19,
2000, authorizes the acceptance of the $500,000 in State funds to be used for the relocation and
improvement of various railroad tracks, upgrade the crossings of the Union Pacific tracks at
Linden Street and Lincoln Avenue, and implement the design and construction of various street
improvements related to the crossing improvements.
AGENDA ITEM SUMMARY ITEM NUMBER: 20
FORT COLLINS CITY COUNCIL DATE: September 19, 2000
STAFF:
Mike Herzig
SUBJECT:
First Reading of Ordinance No. 127, 2000, Appropriating Unanticipated Revenue in the Capital
Projects Fund Downtown Railroad Track Consolidation Capital Project to be Used for
Improvements Associated with Phase III of the Railroad Consolidation Project.
RECOMMENDATION:
Staff recommends adoption o e Ord, ce o i t Reading
FINANCIAL IMPACT:
The State has approved the funds for up to $500,000 for its share of the improvements for the
Railroad Consolidation project. A federal grant had already been approved and accepted by the
City for installing new signals 10fli
ry
' f Linden Street and Lincoln
Avenue. These additional nds i ent or the remaining design and
construction of improvemen emaininr er funds that would be matching
funds for the federal grants. ce w for the City to pay expenses
and receive reimbursement from the State. The funds will be appropriated in the Railroad
Consolidation account for tracking purposes.
EXECUTIVE SUMMARY:
This Ordinance is necessary to authorize the acceptance of the $500,000 in State funds to be
used for the relocation and improvement of various railroad tracks, upgrade the crossings of the
Union Pacific tracks at Lin St d fcn e e, d implement the design and
construction of various street prove is relcro g improvements.
The work, which was originally sc edule or tmmer, was delayed in order to complete
agreements with the State for the acceptance of these funds. The funds could only be used to
reimburse for work done after the agreement is fully executed. The work will likely be
completed next spring.