HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 04/20/2010 - FIRST READING OF ORDINANCE NO. 044, 2010, APPROPRI DATE: April 20, 2010 AGENDA ITEM SUMMARY
STAFF: Karen McWilliamsFORT COLLINSCOUNCILCIL
First Reading of Ordinance No. 044, 2010, Appropriating Unanticipated Revenue in the General Fund for the
Restoration and Rehabilitation of Paramount Cottage Camp.i
EXECUTIVE SUMMARY
This Ordinance appropriates unanticipated revenue in the amount of$148,000 for the rehabilitation and restoration
of 1544 West Oak Street,the historic Paramount Cottage Camp.The Paramount Cottage Camp was built in the 1920s
as tourist accommodations and is comprised of two, parallel, one-story buildings, containing eight apartments each.
The City of Fort Collins was awarded a State Historical Fund grant in 2010 by the Colorado Historical Society to
rehabilitate and restore the property.The Colorado Historical Society's State Historical Fund is providing the$66,600
grant for the rehabilitation and restoration of 1544 West Oak Street. Matching funds in the amount of$81,400 will be
provided by the owners of the building. The City of Fort Collins will not be responsible for any monetary contribution,
but would be responsible in regards to receiving and administering the funds.
BACKGROUND / DISCUSSION
During the 1920s, tourist camps, such as the Paramount Cottage Camp, sprang up across the country providing a
place for travelers to stay for the night. The Paramount Cottage Camp will be restored and rehabilitated as Fort
Collins' last remaining 1929 auto tourist cottage camp. The Paramount Cottage Camp is comprised of two, parallel,
one-story buildings, each containing eight apartments.
Historical Fund grants are available to private entities if a public entity will be the applicant for their projects. This
project will have a significant impact on the historical character of the surrounding City Park neighborhood. Therefore,
the City agreed to be the applicant, and the building owners, Maureen Plotnicki and Stephen Weber, were the co-
applicants.
The building owners will provide grant matching funds in the amount of$81,400, and will be contracting for the work
from sole source vendors. The City's role to facilitate the grant is to: (1) be the grant applicant for the project, (2)
contract with the State to receive and administer the grant funds, (3) enter into a Historic Building Rehabilitation
Agreement with the building owners in order to receive the cash match funds, (4) be responsible for the distribution
of the grant and cash match funds. The grant management will be administered by consultant Carol Tunner. The cost
of this administration will be covered by the building owners' cash match for the grant.
FINANCIAL IMPACT
The City of Fort Collins will not be responsible for any monetary contribution, but would be responsible with regard to
receiving and administering the funds.
SUSTAINABILITY: ECONOMIC, ENVIRONMENTAL AND SOCIAL IMPACTS
This project will provide $148,000 in direct labor in Fort Collins without the City having to put forth any monetary
contributions. The Paramount Cottage Camp rehabilitation will have additional positive effects on the local economy,
as local craftsmen may work on restoring the property. In terms of tax revenues, the project will generate additional
sales tax from materials and services purchased locally and also increase property tax due to the property's higher
assessed value.
April 20, 2010 -2- ITEM 12
The greenest building is the one that is already built. By supporting the rehabilitation of Paramount Cottage Camp,this
project meets the City's sustainability goals. Historic preservation maximizes the use of existing materials and
infrastructure,and reduces waste in landfills from demolition costs. Historic buildings were traditionally designed with
many sustainable features that responded to climate and site. When effectively restored and reused,these features
can bring about substantial energy savings. Taking into account historic buildings'original climatic adaptations,today's
sustainable technology can supplement inherent sustainable features without compromising unique historic character.
The Paramount Cottage Camp rehabilitation provides quality housing stock along with preserving an important and
interesting aspect of Fort Collins history.
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinance on First Reading.
ORDINANCE NO. 044, 2010
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE GENERAL FUND
FOR THE RESTORATION AND REHABILITATION OF
PARAMOUNT COTTAGE CAMP
WHEREAS, the City was awarded a grant in the amount of$66,600 (the"Grant")from the
Colorado Historical Society's State Historical Fund for the restoration and rehabilitation of the
historic Paramount Cottage Camp located at 1544 West Oak Street (the "Property"); and
WHEREAS,the City Council designated the Property a Fort Collins landmark by Ordinance
No. 089, 2009; and
WHEREAS,the Grant requires matching funds and that the City administer the distribution
of the Grant funds and the matching funds; and
WHEREAS, the owners of the Property will provide the necessary matching funds for the
project in the amount of$81,400; and
WHEREAS, Article V, Section 9, of the City 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 the Grant revenue and the
matching funds as described herein will not cause the total amount appropriated in the General Fund
to exceed the current estimate of actual and anticipated revenues to be received in that fund during
the fiscal year; and
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue in the General Fund the sum
of ONE HUNDRED FORTY-EIGHT THOUSAND DOLLARS ($148,000) for expenditure in the
General Fund for restoration and rehabilitation of the Paramount Cottage Camp located at 1544 West
Oak Street.
Introduced, considered favorably on first reading, and ordered published this 20th day of
April, A.D. 2010, and to be presented for final passage on the 4th day of May, A.D. 2010.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading on the 4th day of May, A.D. 2010.
Mayor
ATTEST:
City Clerk
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