HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 03/01/2011 - POSTPONEMENT OF SECOND READING OF ORDINANCE NO. 12 DATE: March 1, 2011
STAFF: Josh Birks, John Voss AGENDA ITEM SUMMARY
Christina Vincent
T COLLINS CITY COUNCIL In
Postponement of Second Reading of Ordinance No. 123, 2010, Appropriating Funds from the City's Stormwater
Reserves for Transfer to the Fort Collins Urban Renewal Authority for the Purpose of Providing a Loan for the
Northeast College Corridor Outfall Project Indefinitely.
EXECUTIVE SUMMARY
On December 7, 2010, the City Council voted unanimously to adopt Ordinance No. 123, 2010 on consent-agenda.
This Ordinance appropriates funds from the City's Stormwater Reserves for transfer to the Fort Collins Urban Renewal
Authority for the purpose of providing a loan for the Northeast College Corridor Outfall Project. However, that same
evening, the Urban Renewal Authority Board voted unanimously to postpone consideration of the loan agreement
pertaining to the Northeast College Corridor Outfall project. The primary reason for postponement was the desire to
understand the project more fully, especially the potential environmental impacts of the project. Staff was directed to
bring the item before the City Council Finance Committee for consideration and recommendation priorto the full Board
reconsidering the item. The scheduling of the City Council Finance Committee briefing has delayed the URA Board's
consideration. As a result, this item will likely be reconsidered during the summer of 2011. Therefore, Second
Reading of Ordinance No. 123,2010 should be postponed indefinitely. A new ordinance appropriating funds from the
City's Stormwater Reserves for Transfer to the Fort Collins Urban Renewal Authority will be introduced at the same
time as the Urban Renewal Authority considers the loan agreement.
STAFF RECOMMENDATION
Staff recommends postponement of the Second Reading of the Ordinance indefinitely.