HomeMy WebLinkAbout159 - - APPROPRIATING PRIOR YEAR RESERVES IN THE CAPITAL EXPANSION FUND AND AUTHORIZING THE TRANSFER OF APPRE
ORDINANCE NO. 159, 2017
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE CAPITAL EXPANSION FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS FROM THE CAPITAL
EXPANSION FUND INTO THE CAPITAL PROJECT FUND FOR COMMUNITY PARK
DEVELOPMENT AND TRANSFERRING APPROPRIATIONS TO THE CULTURAL
SERVICES AND FACILITIES FUND,EOR THE ART IN PUBLIC PLACES PROGRAM
WHEREAS, the East Community Park (the "Park") is the next community park planned
to be constructed, located east of Drake and Ziegler, north of the new Rigden Reservoir; and
WHEREAS,Park Planning&Development purchased the 58-acre site a few years ago and
based on ongoing negotiations with a developer who plans to develop adjacent to the Park site,
there is potential for the city to acquire an additional 26 acres for the park; and
WHEREAS, the entire property, including the Park site, was formerly used for gravel
mining and as such, the property is governed by a state issued mining permit, which requires the
property to be restored to its original condition after mining operations have ceased; and
WHEREAS, the restoration efforts needed on the Park site include installation of an
underdrain system to alleviate standing surface water and restoration seeding (the "Project"); and
WHEREAS, the total cost of the Project to-date, including this appropriation, is expected
to be $420,000, therefore Art in Public Places funding is applicable; and
WHEREAS, $200,000 is currently appropriated for the Project in the Budgeting For
Outcomes Offer,and$220,000 will be appropriated for the restoration in this Ordinance from Prior
Year Reserves from the Capital Expansion Fund; and
WHEREAS, Article V, Section 9 of the City Charter permits the City Council to
appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be
available from reserves accumulated in prior years, notwithstanding that such reserves were not
previously appropriated; and
WHEREAS, City staff have determined that the appropriations as described herein are
available and previously unappropriated in the Capital Expansion Fund; and
WHEREAS, Article V, Section 10, of the City Charter authorizes the City Council to
transfer by ordinance any unexpended and unencumbered appropriated amount or portion thereof
from one fund or capital project to another fund or capital project, provided that the purpose for
which the transferred funds are to be expended remains unchanged; the purpose for which the
funds were initially appropriated no longer exists; or the proposed transfer is from a fund or capital
project in which the amount appropriated exceeds the amount needed to accomplish the purpose
specified in the appropriation ordinance; and
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WHEREAS, this project involves construction estimated to cost more than $250,000, as
such, Section 23-304 of the City Code requires one percent of these qualified appropriations to be
transferred to the Cultural Services and Facilities Fund for a contribution to the Art in Public Places
APP) program.
NOW,THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2. That there is hereby appropriated for expenditure from reserves in the Capital
Expansion Fund for transfer to the Capital Projects Fund the sum of TWO HUNDRED TWENTY
THOUSAND DOLLARS ($220,000) for the restoration of the East Community Park site and
appropriated therein.
Section 3. Thaf the unexpended appropriated amount of THREE THOUSAND TWO
HUNDRED SEVENTY-SIX DOLLARS ($3,276) in the Capital Projects Fund- Community Park
Development Project is authorized for transfer to the Cultural Services and Facilities Fund and
appropriated therein for Art in Public Places projects.
Section 4. That the unexpended appropriated amount of NINE HUNDRED
TWENTY-FOUR DOLLARS ($9.24) in the Capital Projects Fund - Community Park
Development Project is authorized ;for transfer to the Cultural Services and Facilities Fund and
appropriated therein for the Art in Public Places Program Maintenance and Operations.
Introduced, considered favorably on first reading, and ordered published this 21st day of
November, A.D. 2017, and to be presented for final passage on the 5th day of December, A.D.
2017.
Mayor
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Passed and adopted on final reading on the 5th day of December,A.D. 2017.
Mayor PW Tern
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