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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 12/20/2011 - SECOND READING OF ORDINANCE NO. 168, 2011, APPROPRDATE: December 20, 2011 STAFF: Cheryl Donaldson AGENDA ITEM SUMMARY FORT COLLINS CITY COUNCIL 7 SUBJECT Second Reading of Ordinance No. 168, 2011, Appropriating Unanticipated Revenue in the Capital Projects Fund for the Fort Collins Museum/Discovery Science Center Project. EXECUTIVE SUMMARY This Ordinance, unanimously adopted on First Reading on December 6, 2011, appropriates unanticipated revenue of $163,068 from the Discovery Science Center ($160,625) and LaFarge ($2,443) for the Museum Exhibit Capital Project. STAFF RECOMMENDATION Staff recommends adoption of the Ordinance on Second Reading. ATTACHMENTS 1. Copy of First Reading Agenda Item Summary - December 6, 2011 (w/o attachments) COPY COPY COPY COPY ATTACHMENT 1 DATE: December 6, 2011 STAFF: Cheryl Donaldson AGENDA ITEM SUMMARY FORT COLLINS CITY COUNCIL 17 SUBJECT First Reading of Ordinance No. 168, 2011, Appropriating Unanticipated Revenue in the Capital Projects Fund for the Fort Collins Museum/Discovery Science Center Project. EXECUTIVE SUMMARY This Ordinance appropriates unanticipated revenue of $163,068 from the Discovery Science Center ($160,625) and LaFarge ($2,443) for the Museum Exhibit Capital Project. BACKGROUND / DISCUSSION The Fort Collins Museum and Discovery Science Center entered into a partnership in 2008 to design and construct a new museum facility. The exhibit design company, Gyroscope, Inc. was contracted through the City’s competitive purchasing process (total contract of $1.285 million) shared equally ($642,500 each) between the City and the Discovery Science Center. The Discovery Science Center has previously provided the City $481,875. This Ordinance appropriates the final payment of $160,625 paid to the City by the Discovery Science Center for this contract. The Fort Collins Museum received a $2,443 donation from LaFarge toward the new Museum project. These funds will be used toward the fabrication of the Exhibit Master Plan for the new Fort Collins Museum of Discovery. FINANCIAL / ECONOMIC IMPACTS This Ordinance will appropriate $163,068 into the Museum Exhibit Capital Project. STAFF RECOMMENDATION Staff recommends adoption of the Ordinance on First Reading. ORDINANCE NO. 168, 2011 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE FORT COLLINS MUSEUM/DISCOVERY SCIENCE CENTER PROJECT WHEREAS, on November 1, 2005, Fort Collins voters passed Ordinance No. 092, 2005, approving the “Building on Basics” (“BOB”) tax for certain capital projects; and WHEREAS, $6,000,000 was included in the BOB capital project program for construction of a new combined-use facility for the Fort Collins Museum/Discovery Science Center (“the Project”); and WHEREAS, in March 2008, the City and the Discovery Center, a Colorado non-profit corporation, d/b/a Discovery Science Center (the “NPC”), now officially known as FCDM, Inc., entered into an operating agreement for the construction and operation of the Project; and WHEREAS, the Project will be jointly owned, managed, and funded by the City and the NPC and will expand the educational experience of city residents by providing a broader array of scientific, cultural and historical exhibits in a single location, and will also provide an exciting new City amenity; and WHEREAS, the cost of the exhibit design contract in the amount of $1,285,000 will be shared equally by the City and the NPC, which is $642,500 for each party; and WHEREAS, the NPC has previously provided funds in the amount of $481,875 for the exhibit design contract which funds have been appropriated; and WHEREAS, the final payment of $160,625 from the NPC for the exhibit design contract has been received by the City; and WHEREAS, the City has also received a donation of $2,443 from LaFarge for the Project and these funds will be appropriated and used for the fabrication of the Exhibit Master Plan; and WHEREAS, Article V, Section 9, of the City Charter authorizes the City Council to make supplemental appropriations by ordinance at any time during the fiscal year, provided that the total amount of such supplemental appropriations, in combination with all previous appropriations for that fiscal year, does not exceed the current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS, City staff has determined that the appropriation of the revenue as described herein will not cause the total amount appropriated in the Capital Projects fund to exceed the current estimate of actual and anticipated revenues to be received in that fund during any fiscal year. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated from unanticipated revenue in the Capital Projects Fund the sum of ONE HUNDRED SIXTY-THREE THOUSAND SIXTY-EIGHT DOLLARS ($163,068) for expenditure on the Building on Basics - Fort Collins Museum/Discovery Science Center Joint Facility Project. Introduced, considered favorably on first reading, and ordered published this 6th day of December, A.D. 2011, and to be presented for final passage on the 20th day of December, A.D. 2011. _________________________________ Mayor ATTEST: _____________________________ City Clerk Passed and adopted on final reading on the 20th day of December, A.D. _________________________________ Mayor ATTEST: _____________________________ City Clerk