HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 09/19/2000 - SECOND READING OF ORDINANCE NO. 116, 2000, APPROPR AGENDA ITEM SUMMARY ITEM NUMBER: 12
DATE: September 19, 2000
FORT COLLINS CITY COUNCIL STAFF: Michael B. Smith
Bob Hover
SUBJECT:
Second Reading of Ordinance No. 116, 2000, Appropriating $2,424,000 from Light and Power
Fund Prior Year Reserves to Relocate and Upgrade the Capacity of the Electric Substation on
Overland Trail Road.
RECOMMENDATION:
Staff and the Electric Board recommend adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
Ordinance No. 116, 2000, which was unanimously adopted on First Reading on September 5,
2000, appropriates funds allowing the Utilities to relocate the Overland Trail Substation
(Overland at Mulberry) to Platte River Power Authority's Dixon Creek substation site at
Overland Trail at Drake.
AGENDA ITEM SUMMARY ITEM NUMBER: 25
DATE: September 5, 2000
FORT COLLINS CITY COUNCIL Michael B. Smith
STAFF: Bob Hover
SUBJECT:
First Reading of Ordinance No. 116, 2000, Appropriating $2,424,000 from Light and Power
Fund Prior Year Reserves to Relocate and Upgrade the Capacity of the Electric Substation on
Overland Trail Road.
RECOMMENDATION:
Staff and the Electric Board re d JnjUe Ord' a on First Reading.
FINANCIAL IMPACT:
Funds are available in the Light and Power Fund's reserves. Reserves totaled $28.5 million at
year end 1999. Platte River Power Authority will reimburse the City approximately $1,000,000
for a portion of the project. COPY
EXECUTIVE SUMMARY:
The requested appropriation will allow the Utilities to relocate the Overland Trail Substation
(Overland at Mulberry) to CaMerower Authori 's Dixon Creek substation site at
Overland Trail at Drake. Thee y u ed y Platte River in order to save
$600,000 per year in transmis e Ri will reimburse the City for the
portion of the project relatedei burseme is estimated to be $1,000,000. In
addition, Platte River will alsconstruction needed for relocation. The on-site
construction will be a direct expenditure for Platte River. In conjunction with the relocation, the
capacity of the substation will be increased and additional ductbank and circuits will be
constructed. The construction of additional capacity was originally planned for 2004.
The appropriation requested for 2000 will be used to purchase the transformers, switch gear and
begin ground work for the substation. A supplemental appropriation of $1,348,350 has also
been requested as part of the 2001 budget exception process to complete the project in 2001.
Total cost of the two-year project is estimated to be $3,772,350. Included in the proposed
appropriation is a 1% appropriation for Art in Public Places.