The URL can be used to link to this page

Home My WebLink AboutCOUNCIL - AGENDA ITEM - 05/04/2010 - FIRST READING OF ORDINANCE NO. 052, 2010, APPROPRI DATE: May 4, 2010 AGENDA ITEM SUMMARY STAFF: Craig Foreman FORT COLLINSCOUNCIL First Reading of Ordinance No.052,2010,Appropriating Unanticipated Revenue in the Downtown Alley Enhancement Project. EXECUTIVE SUMMARY The Downtown Alley Enhancement Project funding for construction of the Old Firehouse and Montezuma Fuller Alley Project needs to be appropriated to the City. The City will be administering the construction contract for the Downtown Development Authority. The DDA funds for the Project will remain in the DDA's account, and will be transferred and spent to pay contractor invoices only as they become due and payable. BACKGROUND / DISCUSSION The City adopted the Downtown Strategic Plan on February 17, 2004. The Plan supports development of an integrated pedestrian network consisting of alleyways. On September 11,2008, the Downtown Development Authority approved the 2010 redevelopment of the Old Firehouse and Montezuma Fuller alleys. The Old Firehouse and Montezuma Fuller alleys are key areas of downtown Fort Collins and are in need of substantial renovation and redevelopment. The alley renovation and redevelopment will provide aesthetic improvements,facilitate pedestrian movements and support economic growth in the downtown area. The alley project includes utility upgrades, stormwater drainage improvements, new decorative pavers, trash receptacle enclosures, signage and lighting. The project will be constructed this summer. ti FINANCIAL IMPACT The funding for this project is 100% from the Downtown Development Authority's operating budget, using its bond proceeds. However, since the City will be managing the project with oversight from the DDA,a City capital project will be created. This is consistent with prior City projects that have received DDA funding (examples include the Civic Center Parking Garage, downtown sidewalk improvements). This ordinance appropriates an amount not to exceed$2 million that will be transferred from the DDA Operating Fund to the City's Capital Project Fund. Consistent with the majority of capital projects in the City's Capital Projects' Fund, the actual dollars from the DDA Operating Fund will be transferred monthly to the City account on a reimbursable basis after the expenditure has been paid with City funds. Upon awarding the bid to successful contractor, the City will freeze any portion of the $2 million appropriation that exceeds the winning bid amount to the contractor. This will free up funding for the DDA to utilize for future projects. The DDA funds for the Project will remain in the DDA's account, and will be transferred and spent to pay contractor invoices only as they become due and payable. SUSTAINABILITY: ECONOMIC, ENVIRONMENTAL AND SOCIAL IMPACTS The alley improvements will improve pedestrian movement in the downtown area. The improvements will enhance the user experience,thus contributing to the economic vitality of the downtown area. The design of the improvements supports the City's sustainability goals with the use of durable materials, low energy lights, and recycling of waste materials. May 4, 2010 -2- ITEM 13 STAFF RECOMMENDATION Staff recommends adoption of the Ordinance on First Reading. BOARD / COMMISSION RECOMMENDATION The Downtown Alley Enhancement Project for the Old Firehouse Alley and Montezuma Fuller Alley was approved by the Downtown Development Authority on September 11, 2008. PUBLIC OUTREACH The Alley Project was a part of the Downtown Strategic Plan in 2004 that had extensive outreach to the public and downtown businesses. ATTACHMENTS 1. Location map and artist's rendering of Montezuma Fuller Alley 2. Location map and artist's rendering of Old Firehouse Alley J FORT COLLINS DOWNTOWN ALLEYS ENHANCEMENTS ATTACHMENT 1 Montezuma Fuller Alley Fort Collins , Colorado ,,�p Ok w MAP Z 0 to J[ ILt - - a ❑ t I — k ' — y ' fir• . y . � . w EAST MOUNTAIN AVENUE J w C T LLJJ rn �Qo O Z - = w � � � �" <z � �� ✓7 �lI � . d �( L jf EAST OAK STREET 0 24 pao `ET 71 oro ❑❑ LOCATION MAP N.T.S. FORT COLLINS DOWNTOWN ALLEYS ENHANCEMENTS ATTACHMENT 2 Old Firehouse Alley Fort Collins , Colorado 0 OO �� - y a -► v� . o j ! y o O ^ a Al �</ v _ � • ' i i � Q f � ti O� O 00 I i EAST MOUNTAIN AVENUE a w OLu N ��ooa LLI �� v . j EAST OAK STREET _ c ' +- O man u a 130 Q E �❑ LOCATION MAP N .T.S. NpRTX ORDINANCE NO. 052, 2010 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND, DOWNTOWN ALLEY ENHANCEMENT PROJECT WHEREAS, on February 17,2004,the Downtown Strategic Plan(the"Plan")was adopted by the City Council by Resolution 2004-028; and WHEREAS, the Plan supports an enhanced pedestrian environment downtown which includes alleyways; and WHEREAS, the Old Firehouse and Montezuma Fuller Alleys are key areas downtown in need of substantial renovation and redevelopment to provide aesthetic improvements, facilitate pedestrian movement and support economic growth in the downtown area; and WHEREAS,the Downtown Development Authority("DDA")in September 2008 approved the 2010 renovation of the Old Firehouse Alley and Montezuma Fuller Alley (together referred to as the "Alleys"), and has proposed to provide funds for those renovations; and WHEREAS, City staff and DDA staff have worked together to develop plans for the improvements to the Alleys, and the DDA is working to acquire all necessary temporary and permanent easements required for the work; and WHEREAS, the Downtown Alley Enhancement Project, which will be constructed in City rights-of-way during the summer of 2010, includes utility upgrades, stormwater drainage improvements, new decorative pavers, trash receptacle enclosures, signs and lighting; and WHEREAS, the project will be carried out pursuant to a City construction contract, which the DDA has agreed to fund in whole; and WHEREAS,in order for the DDA funds to be spent in support of the City contract,the funds are being appropriated in the Downtown Alley Enhancement Capital Project in an amount not to exceed $2,000,000; and WHEREAS, the DDA funds for the Project will remain in the DDA's account, and will be transferred and spent to pay contractor invoices only as they become due and payable; 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 have determined that the appropriation of the anticipated revenue as described herein will not cause the total amount appropriated in the Capital Projects Fund to exceed the current estimate of actual and anticipated revenues to be received in that fund during any 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 unanticipated revenue in the Capital Projects Fund the sum of TWO MILLION DOLLARS ($2,000,000) from the Downtown Development Authority to be used for the Downtown Alley Enhancement Capital Project. Section 2. That upon awarding the bid to the successful contractor, the City agrees to freeze any portion of the $2,000,000 appropriation that exceeds the winning bid amount to the contractor in order to free up the excess funds for the DDA to utilize for future projects. Section 3. The funds appropriated hereunder will be transferred to the City from the DDA in accordance with agreed upon approval procedures and as payments to the successful contractor become due and payable. Introduced,considered favorably on first reading,and ordered published this 4th day of May, A.D. 2010, and to be presented for final passage on the 18th day of May, A.D. 2010. Mayor ATTEST: City Clerk Passed and adopted on final reading on the 18th day of May, A.D. 2010. Mayor ATTEST: City Clerk