HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 06/01/2010 - SECOND READING OF ORDINANCE NO. 058, 2010, APPROPR DATE: June 1, 2010 AGENDA ITEM SUMMARY
STAFF: Chuck Seest FORT COLLINSCOUNCIL
Second Reading of Ordinance No. 058,2010,Appropriating$200,000 from Prior Year Reserves in the General Fund
for the City's Contribution for the Boxelder Overflow Project.
EXECUTIVE SUMMARY
Ordinance No. 012, 2009, adopted on January 20, 2009, appropriated $1.2 million in the Stormwater Fund and Self-
Insurance Fund and irrevocably pledged $800,000 in the General Fund to be contributed to the.Town of Timnath,
Colorado for improvements to the Boxelder Overflow Project. Ordinance No. 012, 2009 states that the City will make
four payments of$200,000 from the General Fund each year,starting in 2010. Ordinance No.058,2010,unanimously
adopted on First Reading on May 18, 2010, appropriates the first payment of $200,000 for fiscal year 2010.
Subsequent payments will be appropriated in each of the next three years.
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinance on Second Reading.
ATTACHMENTS
1. Copy of First Reading Agenda Item Summary- May 18, 2010
(w/o attachments)
ATTACHMENT 1
DATE: May 18, 2010 AGENDA ITEM SUMMARY
STAFF: Chuck Seest FORT COLLINSCOUNCIL
First Reading of Ordinance No. 058,2010,Appropriating$200,000 from Prior Year Reserves in the General Fund for
the City's Contribution for the Boxelder Overflow Project.
EXECUTIVE SUMMARY r------ T'N n
Ordinance No. 012, 2009, adopted on January 20, 2009, appropriated$1.2 million in the Stormwater Fund and Self-
Insurance Fund and irrevocably pledged $800,b00 in the General Fund tol be contributed to the Town of Timnath,
ld Colorado for improvements to the Boxeer--Overflow-Project�tOrdinance No. 012, 2009 states that the City will make
four payments of$200,000 from the General Fund each year, starting in 2010.
This Ordinance appropriates the first payment of $200,000 for fiscal year 2010. Subsequent payments will be
appropriated in each of the next three years.
V
BACKGROUND / DISCUSSION
Fort Collins and Timnath have an intergovernmental agreement-(IGA`thatresolved certain differences that arose
between them regarding a variety of,,planning and growth management\issues. The IGA was intended to firmly
establish the Growth ManagementArI as(GMA)lfor each ri�u jcipalify. In addition,the IGA authorized the conveyance
of an easement on Arapaho Bend Natural Area fora portion of the Boxelder Overflow Project, and the potential sale
of the Vangbo Natural Areas propeilto T h�-imnatIt alsolauthorized aLcontribution by Fort Collins to Timnath's
Boxelder Overflow Project. The IGA terminated overlapping annexations by Timnath and Fort Collins in the vicinity
of Harmony and 1-25. Furthermore, the IGA made clear that the Riverwalk property, at the southwest corner of 1-25
and Harmony will stay within the Fort Collins' GMA.
FINANCIAL IMPACT
This Ordinance increases 2010 appropriations in the ity's General Fund by$200,000. The requested appropriation
is from prior year reserves,representing2009,appropriatibns th�atweyre unspent,and unencumbered at year-end 2009.
STAFF RECOMMENDATION
v'
Staff recommends adoption of the Ordinance on First Reading.
ATTACHMENTS
1. Ordinance No. 012, 2009.
ORDINANCE NO. 058, 2010
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING $200,000 FROM PRIOR YEAR RESERVES IN THE
GENERAL FUND FOR THE CITY'S CONTRIBUTION FOR THE
BOXELDER OVERFLOW PROJECT
WHEREAS, the City and the Town of Timnath (the "Town") entered into an
intergovernmental agreement dated February 17,2009,which was approved by the City Council by
the adoption of Ordinance No. 011, 2009 (the "IGA"); and
WHEREAS, the IGA states that the City and the Town will share the cost of the Boxelder
Overflow Project (the "Project") as such Project is defined in the IGA ; and
WHEREAS, pursuant to the IGA, the maximum amount of the City's contribution to the
Project is $2 million, and the IGA establishes a schedule (the "Contribution Schedule") by which
the City is to appropriate and transfer its contribution to an escrow account established pursuant to
the IGA; and
WHEREAS,the Contribution Schedule requires that the City irrevocably pledge toward the
City's contribution the sum of$800,000 in undesignated General Fund reserves and such pledge was
made by Ordinance No. 012, 2009 (the "Pledge"); and
WHEREAS,the City's initial contribution under the Contribution Schedule is in the amount
of$200,000; and
WHEREAS,Article V,Section 9,of the City Charter 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.
WHEREAS,City staff has determined that the appropriation 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. =
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure in the General Fund the sum of TWO
HUNDRED THOUSAND DOLLARS ($200,000)for transfer to the escrow fund for the Boxelder
Overflow Project..
l
Introduced, considered favorably on first reading, and ordered published this 18th day of
May, A.D. 2010, and to be presented for final passage on the 1 a of June, A.D. 2010.
Mayor
ATTEST:
ABLA2
City Clerk
Passed and adopted on final reading on the 1st day of June, A.D. 2010.
Mayor
ATTEST:
City Clerk