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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 09/04/2001 - SECOND READING OF ORDINANCE NO. 126, 2001, AUTHORI AGENDA ITEM SUMMARY ITEM NUMBER: 10 FORT COLLINS CITY COUNCIL DATE: September 4, 2001 FROM: Tom Frazier SUBJECT : Second Reading of Ordinance No. 126,2001,Authorizing the Transfer of Appropriations from the Transit Services Fund to the Capital Projects Fund CSU Transit Center Capital Project to be Used For the Final Design and Site Preparation/Construction of the CSU Transit Center. RECOMMENDATION: Staff recommends adoption of the Ordinance on Second Reading. EXECUTIVE SUMMARY: The City and Colorado State University have been working together since 1996 to develop a campus Transit Center. Work is expected to begin on final design in the fall. Ordinance No. 126, 2001, which was unanimously adopted on First Reading on August 21, 2001, authorizes the transfer of existing appropriations from the Transit Services Fund to the Capital Projects Fund for final design and site preparation at the CSU Transit Center. AGENDA ITEM SUMMARY ITEM NUMBER: 19 FORT COLLINS CITY COUNCIL DATE: August 21,2001 STAFF: Tom Frazier SUBJECT: First Reading of Ordinance No. 126, 2001, Authorizing the Transfer of Appropriations from the Transit Services Fund to the Capital Projects Fund CSU Transit Center Capital Project to be Used For the Final Design and Site Preparation/Construction of the CSU Transit Ce RECOMMENDATION: Staff recommends adoption of the Ordinance on First Reading. wazY ' A FINANCIAL IMPACT: B e. The projected cost for the design, construction,rand equipment of the CSU Transit Center is $10,000,000. The funding sources are projected to be$9,000,000 federal,and$2,000,000 primarily from Colorado State Universityfrom its contribution of,_�:; approximately 8.21 acres of leased land. The City has received federal grains afaofSi,794,589(FY2000$1,044,589,FY2001 $750,135). EXECUTIVE SUMMARY.; The City and Colorado State University have been working together since 1996 to develop a campus Transit Center. Work is expected to begirt o' final design in the fall. This item authorizes the transfer of existing appropriations from the Transit Services Fund to the Capital Projects Fund for final design and site preparation at the CSU Transit Center. BACKGROUND: The City' and University staffs completed the conceptual design of this Transit Center in 1998 and presented the proposed project to City Council and the Colorado State Board of Agriculture. Both legislative bodies provided direction to continue with the development of the project. This project includes the lease of land, design and construction of a Transit Center which will be owned and operated by the City of Fort Collins. The total estimated cost for the project is $10,000,000 with a federal share of$8,000,000 and a local share of$2,000,000. The City applied for and has received federal funds totaling $1,794,724. DATE: August 21,2001 2 ITEM NUMBER: 19 The local share for the project is being provided through the donation of a long-term lease of the State-owned property on which the Transit Center will be built. The project will be designed and constructed in a phased manner to insure that, if all the federal funds required to complete the total project are not made available,the project will still be able to function as a transfer point in the City's public transit system. In an Intergovernmental Agreement signed on November 7,2000, it is outlinu4be the University shall be solely responsible for construction management of the project andy will hire the contractors and vendors and handle paying of invoices. The City of Fort Colli responsible for the operation and maintenance of the facility r The plan is to complete the final design by October 2001, bid the. ect and start construction in January 2002. The City will submit federal grant requests in 2002 and 200l C#crornplete the project. If all grants are approved,the project could be completed by Decembe'"2004 l '� ' The transfer of these funds to the Capital Projects fund* staff to begin the desr -siee preparation work. . k e i t>�k