HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/03/2006 - FIRST READING OF ORDINANCE NO. 001, 2006, APPROPRI ITEM NUMBER: 13
AGENDA ITEM SUMMARY DATE: January 3, 2006
FORT COLLINS CITY COUNCIL STAFF: Craig Foreman
SUBJECT
First Reading of Ordinance No. 001, 2006, Appropriating Unanticipated Revenue in the
Neighborhood Parkland Fund - Oak Street Plaza Park Capital Project to Be Used to Construct
Improvements to the Oak Street Plaza Park.
RECOMMENDATION
Staff recommends adoption of this Ordinance on First Reading.
FINANCIAL IMPACT
Funding for the improvements to the Oak Street Plaza Park ("Park") consists of previously
appropriated funds and additional funds that have yet to be appropriated. The total cost for the park
improvements is estimated to be about $982,740.
Those funds that have not been appropriated include the following: contributions from the
Downtown Development Authority ($350,000), contributions from the General Improvement
District No. 1 ("GID")($312,575),and unspent appropriations in the Neighborhood Parkland Fund
($49,000).
The Council of the City of Fort Collins,Ex-Officio the Board of Directors of General Improvement
District No. 1, will consider appropriating its contribution of$312,575 in Ordinance No. 051 on
January 3, 2006.
The City currently operates and maintains the Park and the proposed improvements will not require
additional funds for operation and maintenance. Funding for the Park has been included in the
2006/2007 Budgeting for Outcomes process and annual operation and maintenance is estimated at
$6,000.
EXECUTIVE SUMMARY
The Oak Street Plaza Park is an important public space in the downtown area. The Park provides
the public a prime venue for small concerts, seating for noontime lunches and a gathering place for
people enjoying downtown Fort Collins. The Park was last improved in the early 1980's and is
January 3, 2006 -2- Item No. 13
showing its age. The existing concrete plaza, flower beds and fountain require increasing levels of
maintenance. The fountain is the type that consumes considerable water when it is operational.
A design effort with the Downtown Development Authority,area businesses and interested parties
has resulted in a new design for the Park. This design makes the Park functional and inviting by
removing the planters to open up the Park for better movement of people, replacing the concrete
surface, replacing the fountain with an interactive water spray feature that uses minimal water,
improving landscaping and lighting and providing for improved handicap access. Improvements will
also include handicap access to the Museum of Contemporary Art building. The Park improvements
are scheduled to begin in January, 2006 and be completed in June, 2006.
ORDINANCE NO. 001, 2006
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE NEIGHBORHOOD PARKLAND
FUND - OAK STREET PLAZA PARK CAPITAL PROJECT TO BE USED TO CONSTRUCT
IMPROVEMENTS TO THE OAK STREET PLAZA PARK
WHEREAS, Oak Street Plaza Park (the "Park ) is an important open space in the City's
downtown, bounded by the Museum of Contemporary Art to the south, First Community Bank to
the north,College Avenue to east,and access to the Museum and Bank,via Oak Street on the west;
and
WHEREAS,the Park is a focal point in downtown Fort Collins and is used for small concerts
and provides a nice setting for people gathering or just relaxing; and
WHEREAS, City staff has been working with the Downtown Development Authority,area
businesses and other interested parties on a new design for the Park; and
WHEREAS,the scope of the planned improvements will make the Park more functional and
inviting by removing planters to allow for better movement of people; replacing the existing
fountain with a water spray feature while conserving water;and providing new paving and pedestrian
lighting, new furniture, a large grass area, ornamental plantings, and better access for those with
disabilities (the"Project"); and
WHEREAS, the estimated cost to construct the Project improvements is $982,740; and
WHEREAS, the following sources have been appropriated and will be used to fund the
Project improvements:
Neighborhood Parkland Fund impact fees
Approved by City Council on November 18, 2003, via
the adoption of Ordinance No. 156, 2003 $ 150,000
Unspent interest earnings on Certificates of Participation
used to fund the Downtown Intersection Renovation project
Approved by City Council on October 18, 2005, via
the adoption of Ordinance No. 113, 2005 $ 121,165
Total $ 271,165
WHEREAS, staff has identified the following additional sources,totaling$711,575,which
may be used to fund the balance of the costs associated with the Project improvements:
Contribution from the Downtown Development Authority $ 350,000
Contribution from the General Improvement District No. 1 $ 312,575
Unspent appropriations in the Neighborhood Parkland Fund 49,000
Total $ 711,575
i
WHEREAS, on July 7, 2005, the Board of Directors of the Downtown Development
Authority approved funding of$300,000 for the Project and up to $50,000 for additional work on
the south side of the stairway to the Museum of Contemporary Art, contingent upon City Council
appropriating funds relating to the issuance of City of Fort Collins Downtown Development
Authority Subordinate Tax Increment Revenue Bonds, Series 2005A; and
WHEREAS, on November 15, 2005, City Council adopted Ordinance No. 121, 2005,
appropriating proceeds in the Downtown Development Authority Fund from the issuance of City of
Fort Collins Downtown Development Authority Subordinate Tax Increment Revenue Bonds,Series
2005A, for the purpose of making certain capital improvements in the downtown area; and
WHEREAS,the aforementioned ordinance included an appropriation of$350,000 to be used
for the Project; and
WHEREAS,the General Improvement District No. 1 (the"GID")contribution of$312,575
will be available,contingent upon the adoption of Ordinance No. 051 of the Council of the City of
Fort Collins, Ex-Officio the Board of Directors of General Improvement District No. 1,on January
17, 2006, authorizing the transfer of appropriations from the GID to the City's Neighborhood
Parkland Fund to be used for the Project; and
WHEREAS, the Project improvements are scheduled to begin in January 2006, with final
completion scheduled for June 2006; 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 combination with
all previous appropriations for that fiscal year does not exceed the current estimate of actual and
anticipated revenues to be received during the fiscal year; and
WHEREAS, City staff has determined that the appropriation of funds from unanticipated
revenue as described herein will not cause the total amount appropriated in the Neighborhood
Parkland Fund - Oak Street Plaza Park project to exceed the current estimate of actual and
anticipated revenues to be received during any fiscal year; and
WHEREAS, it is the desire of the Council to appropriate the sum of$662,575, in the form
of contributions from the Downtown Development Authority($350,000) and the GID ($312,575),
to be used with unspent appropriations in the Neighborhood Parkland Fund($49,000),and amounts
previously appropriated by Council ($271,165) to be used to construct improvements to the Oak
Street Plaza Park.
NOW, THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure from unanticipated revenue in the
Neighborhood Parkland Fund- Oak Street Plaza Park capital project, the sum of SIX HUNDRED
SIXTY-TWO THOUSAND FIVE HUNDRED SEVENTY-FIVE DOLLARS ($662,575)from the
following sources:
Downtown Development Authority Contribution $ 350,000
General Improvement District No. 1 Contribution $ 312,575
Total $ 662,575
to be used to construct improvements to the Oak Street Plaza Park.
Introduced and considered favorably on first reading and ordered published this 3rd day of
January, A.D. 2006, and to be presented for final passage on the 17th day of January, A.D. 2006.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 17th day of January, A.D. 2006
Mayor
ATTEST:
City Clerk