HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/21/2003 - FIRST READING OF ORDINANCE NO. 012, 2003, APPROPRI 71
FAGENDA ITEM SUMMARY ITEM NUMBER: 19
DATE: January 21, 2003
FORT COLLINS CITY COUNCIL
STAFF: Carol Tunner
SUBJECT:
First Reading of Ordinance No. 012, 2003, Appropriating Unanticipated Revenue in the General
Fund for the Purpose of Completing a Historic Structure Assessment of the
Armstrong/Mountain Empire Hotel at 249-261 South College Avenue in Fort Collins.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT:
The City has been awarded a grant from the Colorado Historical Society's State Historical Fund
in the amount of $5,150 for the purpose of completing a Historic Structure Assessment of the
Armstrong/Mountain Empire Hotel at 249-261 South College Avenue. The owner of the
building will provide matching funds in the amount of$5,150.
EXECUTIVE SUMMARY:
This Ordinance appropriates unanticipated revenue in the amount of $10,300 to complete a Historic
Structure Assessment of the Armstrong/Mountain Empire Hotel at 249-261 South College Avenue.
The City of Fort Collins has been awarded a grant by the Colorado Historical Society. The purpose
of the grant is to complete a Historic Structure Assessment of the Armstrong/Mountain Empire
Hotel. The assessment will determine the exterior and interior physical condition of the historic
building with recommendations for rehabilitation.
State Historical Fund grants are available to public entities for the historic preservation of public
buildings. A Historic Structure Assessment is completed as a logical "first step" before a general
development grant is pursued. Though an assessment does not guarantee subsequent State
Historical Fund support, it will improve funding opportunities for the owner of the building, and the
resulting document will serve as a useful tool for assisting the owner with maintenance and future
rehabilitation efforts.
The City's role 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 purchase order for the assessment; and (4) be
responsible for the distribution of the grant and cash match funds. The Advance Planning
Department will administer the grant management. The owner's cash match for the grant will cover
the cost of this administration.
ORDINANCE NO. 012, 2003
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE AND MATCHING
FUNDS IN THE GENERAL FUND FOR A HISTORIC STRUCTURE ASSESSMENT
OF THE HISTORIC ARMSTRONG/MOUNTAIN EMPIRE HOTEL
WHEREAS,the City of Fort Collins has been awarded a grant in the amount of$5,150 from
the Colorado Historical Society's State Historical Fund (the "Grant"); and
WHEREAS, the Grant will be used to complete a Historic Structure Assessment of the
Armstrong/Mountain Empire Hotel at 249-261 South College Avenue in Fort Collins; and
WHEREAS,the assessment will determine the exterior and interior physical condition of the
historic building with recommendations for rehabilitation; and
WHEREAS,the building's owner will provide matching funds in the amount of$5,150;and
WHEREAS,The City will administer the grant and cash match funds and be responsible for
the distribution of those funds; and
WHEREAS, Article V,Section 9,of the Charter of the City of Fort Collins 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 then 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 unanticipated grant
revenue from the Colorado Historical Society 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 during the fiscal year; and
NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that, upon receipt, there is hereby appropriated from unanticipated revenue the sum of
TEN THOUSAND THREE HUNDRED DOLLARS($10,300),for expenditure in the General Fund
for a Historic Structure Assessment of the Armstrong/Mountain Empire Hotel at 249-261 South
College Avenue.
Introduced, considered favorably on first reading, and ordered published this 21st day of
January, A.D. 2003, and to be presented for final passage on the 4th day of February, A.D. 2003,
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 4th day of February A.D. 2003.
Mayor
ATTEST:
City Clerk