HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 02/05/2002 - SECOND READING OF ORDINANCE NO. 007, 2002, APPROPR AGENDA ITEM SUMMARY ITEM NUMBER: 12
FORT COLLINS CITY COUNCIL DATE: February 5, 2002FROM:
Edith Felchle
SUBJECT:
Second Reading of Ordinance No. 007, 2002, Appropriating Unanticipated Revenue in the Open
Lands Fund for Reimbursement Toward the Purchase Price of the Sauer Property Open Space and
the Ute Farm and One Putt Portions of the Long View Farm Open Space.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
Ordinance No. 007, 2002, which was unanimously adopted on First Reading on January 15, 2002,
authorizes the City to accept unanticipated revenue from Great Outdoors Colorado in support of
natural area acquisitions.
AGENDA ITEM SUMMARY ITEM NUMBER:
DATE:
ID FORT COLLINS CITY COUNCIL STAFF: Januan 15. 2002
SUBJECT:
First Reading of Ordinance No. 007,2002.Appropriating unanticipated Revenue in the Open Lands
Fund for Reimbursement Toward the Purchase Price of the Sauer Property Open Space and the Ute
Farm and One Putt Portions of the Long View Farm Open Space.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT:
This action will allow the City to accept $633.320 in unanticipated revenue from Great Outdoors
Colorado in support of natural area acquisitions. This Ordinance appropriates a total of$633.320
in unanticipated revenue from Great Outdoors Colorado for two projects.
EXECUTIVE SUMMARY:
"Ute Farm"and"One Putt.' portions of the Long View Farm Open Space. were purchased in 1997
by Larimer County.City of Loveland,and City ofFort Collins. The three owners recently completed
documentation required to receive grant funds from Great Outdoors Colorado Trust Fund(GOCO)
to assist in the purchase of the property. The City of Fort Collins' portion of the grant is $133.320.
Sauer Open Space was purchased in 2000 by the City of Loveland. Latimer County, and the City of
Fort Collins. The three owners recently completed documentation required to receive grant funds
from (LOCO) in the amount of$500.000. The entire grant amount will come to the City of Fort
Collins.
These grants were received into the Open Lands Great Outdoors Colorado Revenue Fund and are
to go into the Open Lands Acquisition Fund.