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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/01/2002 - SECOND READING OF ORDINANCE NO. 137, 2002, APPROPR AGENDA ITEM SUMMARY ITEM NUMBER: 9 DATE: October 1, 2002 FORT COLLINS CITY COUNCIL FROM: Craig Foreman SUBJECT: Second Reading of Ordinance No. 137, 2002, Appropriating Unanticipated Revenue in the Capital Projects Fund - Gateway Mountain Park Capital Project and the Conservation Trust Fund for Transfer to the Capital Projects Fund- Gateway Mountain Park Capital Project to be Used for Improvements to Gateway Mountain Park. RECOMMENDATION: Staff recommends the adoption of Ordinance on Second Reading. EXECUTIVE SUMMARY: Gateway Mountain Park is a 377-acre site located five miles up the Cache la Poudre River Canyon from the intersection of Highways 287 and 14 (Ted's Place). The site is owned by the City of Fort Collins and was previously the City's Water Filtration Plant. The City Council has provided direction to make the property accessible to the public as a park. The Park opened in June this year. The City received grants of$100,000 from Great Outdoors Colorado Trust Fund ("GOCO"), and $80,000 from the Colorado Division of Wildlife ("DOW"). Project contingency funds were used to pay for the development of internal park facilities including such features as picnic areas, restrooms, interpretive facilities, and other site amenities, to be reimbursed through the GOCO and DOW grant funds. The City has now received the reimbursement funds from these granting agencies, and Ordinance No. 137, 2002, which was unanimously adopted on First Reading on September 17, 2002, appropriates those funds for the project. AGENDA ITEM SUMMARY ITEM NUMBER: 21 FORT COLLINS CITY COUNCIL DATE: September 17, 2002 STAFF: Craig Foreman SUBJECT: First Reading of Ordinance No. 137, 2002, Appropriating Unanticipated Revenue in the Capital Projects Fund - Gateway Mountain Park Capital Project and the Conservation Trust Fund for Transfer to the Capital Projects Fund - Gateway Mountain Park Capital Project to be Used for Improvements to Gateway Mountain Park. RECOMMENDATION: ff IL Staff recommends the adoptio of Ordi ce o i t Reading FINANCIAL IMPACT: Adoption of this Ordinance will appropriate anticipated revenue from Great Outdoors Colorado Trust Fund ($100,000) and the Colorado Division of Wildlife ($80,000), together with unanticipated revenue from the Coeiusr ' ru d 0, ) into the Gateway Mountain Park Account. PY EXECUTIVE SUMMARY: Gateway Mountain Park is a 377-acre site located five miles up the Cache la Poudre River Canyon from the intersection of High 287 and 14 (Ted's Place). The site is owned by the City of Fort Collins and was vio l0"jat n Plant. The City Council has provided direction to make propert1 e puas a park. The Park opened in June this year. The City received grants of$100,000 from Great Outdoors Colorado Trust Fund ("GOCO"), and $80,000 from the Colorado Division of Wildlife ("DOW"). Project contingency funds were used to pay for the development of internal park facilities including such features as picnic areas, restrooms, interpretive facilities, and other site amenities, to be reimbursed through the GOCO and DOW grant funds. The City has now received the reimbursement funds from these granting agencies, and the Ordinance appropriates them in the project. During the process of building the Park access road, difficulties were experienced that resulted in additional construction costs. As a result, additional funds are required to fully fund all construction activities for the Park. Staff anticipates that there may be as yet undetermined follow up work required on some of the Park construction. The City is now in the process of p m er DATE: ITEM NUMBER: 21 seeking restitution for some of the unexpected construction costs associated with the Park access road, although the final amount that might be recovered cannot be predicted. If the City is successful in recovering some of these costs, the funds recovered will be used first to reimburse the $100,000 Conservation Trust Fund. Any recovery above $100,000 will be placed in the Gateway Mountain Park Account for future park improvements.