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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 04/16/2002 - SECOND READING OF ORDINANCE NO. 049, 2002, AUTHORI AGENDA ITEM SUMMARY ITEM NUMBER: 8 DATE: April 16, 2002 FORT COLLINS CITY COUNCIL FROM: Dave Agee SUBJECT : Second Reading of Ordinance No. 049, 2002, Authorizing the Transfer of Existing Appropriations Between Projects in the Storm Drainage Fund. RECOMMENDATION: Staff recommends adoption of the Ordinance on Second Reading. EXECUTIVE SUMMARY: Staff is in the process of a comprehensive study to revise the City's Storm Drainage Basin Master Plans for the various storm drainage basins. Problem identification and the recommended plan of storm drainage improvements are expected to be completed by the end of 2002 with consideration by Council in 2003. This is an accelerated schedule since the 40 development of the 2002 Budget. The accelerated schedule will ensure that the information is available on a timely basis for floodplain administration, financial planning, capital projects administration, and development review. Ordinance No. 049, 2002, was unanimously adopted on First Reading on April 2, 2002. AGENDA ITEM SUMMARY ITEM NUMBER: 13 FORT COLLINS CITY COUNCIL DATE: April 2, 2002 STAFF: Dave Agee SUBJECT: First Reading of Ordinance No. 049, 2002, Authorizing the Transfer of Existing Appropriations Between Projects in the Storm Drainage Fund. RECOMMENDATION: Staff recommends adoption o e Ordi ce o i t Reading FINANCIAL IMPACT: This Ordinance authorizes the transfer of existing appropriations in the amount of$300,000. COPY EXECUTIVE: SUMMARY: Staff is in the process of a comprehensive study to revise the City's Storm Drainage Basin Master Plans for the various storm drainage basins. Problem identification and the recommended plan of stormCna rov a Yinancctial o be completed by the end of 2002 with consideration by 2 elerated schedule since the development of the 2002 Bue cel to schensure that the information is available on a timely basis plain administratio planning, capital projects administration, and development review. In the 2002 Budget, Council approved appropriations of $605,000 for the Master Planning Project. It has since been determined that an additional $300,000 is needed in 2002 in order to complete the Master Plan revisions within the above timeframe. Staff has identified existing appropriations which can be transferred to the Master Planning Project for the purpose described above. The purpose for which the original appropriations were need--d does not currently exist. The transfer will have no effect on the projected 2002 ending balance of the Storm Drainage Fund. DATE: pn ITEM NUMBER: The following transfer is being recommended: FROM: Foothills Basin Project ( $300,000) TO: Basin Master Plans Project $300,000 The transfer to the Basin Master Plans Project will allow staff to proceed with revising and updating Basin Master Plans in all of the City's storm drainage basins.