HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 03/07/2000 - FIRST READING OF ORDINANCE NO. 24, 2000 APPROPRIAT AGENDA ITEM SUMMARY ITEM NUMBER: 15
DATE: March 7, 2000
FORT COLLINS CITY COUNCIL
STAFF: Toe Frank
SUBJECT:
First Reading of Ordinance No. 24, 2000 Appropriating Unanticipated Revenue and Prior Year
Reserves in the General Fund for the Northern Colorado Regional Communities I-25 Corridor
Plan.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT:
The total budget for this project is S300,000, shared among the seven funding jurisdictions. The
City's share ($137,280) has been provided for in the 1999 Budget. The appropriation for the first
phase of the project was approved by City Council in 1999. The City has received final payment
from the other municipalities for completion of the project. This Ordinance appropriates the
remaining balance of$54.240 needed to fund the project.
EXECUTIVE SUMMARY:
In 1999, eight jurisdictions in Northern Colorado agreed to prepare a plan for the I-25 corridor
between Berthoud and Fort Collins. Seven jurisdictions agreed to share in the cost of preparing
the plan, based upon population, as has been the case in the past for other regional projects. The
Plan, when completed, vgill address design, local transportation networks, and protection of
important natural areas and open lands. The planning effort is underway and is expected to be
completed in 2001.
. ORDINANCE NO. 24, 2000
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR RESERVES
IN THE GENERAL FUND FOR THE NORTHERN COLORADO
REGIONAL COMMUNITIES I-25 CORRIDOR PLAN
WHEREAS,the City of Fort Collins, along with Latimer County, City of Loveland, Town
of Berthoud. Town of Johnstown, Town of Timnath, Town of Windsor and Weld County have
agreed to prepare a plan for the I-25 corridor between Berthoud and Fort Collins, the Northern
Colorado Regional Communities I-25 Corridor Plan (the"Plan"); and
WHEREAS, the total budget for the Plan is $300,000 and seven of the jurisdictions have
agreed to share in the cost of preparing the Plan; and
WHEREAS,the City of Fort Collins' share of the cost of the Plan in the amount of $13 7,280
was provided in the 1999 Budget; and
WHEREAS,S 108,320 was received from the other jurisdictions for the first phase of the Plan
and appropriated in September 1999; and
WHEREAS,the City has now received the remaining funds from the other jurisdictions in
• the amount of$54,400 and wishes to appropriate this amount for the completion of the Plan; and
WHEREAS, S27,590 of the total amount of $54,400 was received in 1999 and is now
included in General Fund prior year reserves, and $26,810 has been received in 2000; and
WHEREAS,Article V, Section 9,of the Charter of the City of Fort Collins 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 9,of the Charter of the City of Fort Collins also 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 combination with all previous
appropriations for that fiscal year,do not exceed the then current estimate of actual and anticipated
revenues to be received during the fiscal year.
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 prior year reserves in the
General Fund the sum ofTWENTY SEVEN THOUSAND FIVE HUNDRED NINETY DOLLARS
($27,590) for expenditure in the General Fund for the I-25 Regional Corridor Plan.
•
Section 2. That there is hereby appropriated from unanticipated revenue in the General Fund
the sum of TWENTY SIX THOUSAND EIGHT HUNDRED TEN DOLLARS ($26,810) for
expenditure in the General Fund for the I-25 Regional Corridor Plan..
Introduced, considered favorably on first reading, and ordered published this 7th day of
March, A.D. 2000, and to be presented for final passage on the 21 st day of March,A.D. 2000.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 21 st day of March, A.D. 2000.
Mayor
ATTEST:
City Clerk