HomeMy WebLinkAbout161 - - APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION CAPITAL EXPANSION FEE FUND AND AUTHORIZING TORDINANCE NO. 161, 2017
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION CAPITAL
EXPANSION.FEE FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS
FROM THE TRANSPORTATION CAPITAL EXPANSION FEE FUND INTO THE CAPITAL
PROJECT FUND FOR THE "HORSETOOTH AND COLLEGE INTERSECTION PROJECT",
AND TRANSFERRING APPROPRIATIONS TO THE CULTURAL SERVICES AND
FACILITIES FUND FOR THE ART IN-PUBLIC PLACES PROGRAM
WHEREAS, the City Engineering Department completed an Arterial Intersection
Prioritization Study in 2011, which listed the Horsetooth Road and College Avenue intersection
as one of the locations for needed safety and operational improvements; and
WHEREAS, on April 18, 2017, City Council adopted Ordinance No. 040, 2017,
appropriating$3,368,000 for the Horsetooth Road and College Avenue Intersection Improvements
Project (the "Project')the grant funding for the Project; and
WHEREAS, on September 19, 2017, City Council adopted Ordinance No. 093, 2017,
appropriating $32,000 of Surface Transportation Program Metro ("STP") grant funds for the
Horsetooth Road and College Avenue Intersection Improvements Project (the "Project') for the
Project; and
WHEREAS, the purpose• of this Ordinance is to appropriate $1,100,000 from
Transportation Capital Expansion Fee Fund reserves for the acquisition of certain property
interests adjacent to the project area; and
WHEREAS, total appropriated funds for this Project will be $7,250,000 following this
Council item; 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 Transportation Capital Expansion Fee 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
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
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
Transportation Capital Expansion Fee Fund for transfer to the Capital Projects Fund the sum of
ONE MILLION ONE HUNDRED THOUSAND DOLLARS ($1,100,000) for the Project and
appropriated therein.
Section 3. That the unexpended appropriated amount of EIGHT THOUSAND FIVE
HUNDRED EIGHTY DOLLARS ($8,580) in the Capital Projects Fund - Lemay and Vine
Intersection 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 TWO THOUSAND FOUR
HUNDRED TWENTY DOLLARS ($2,420) in the Capital Projects Fund - Lemay and Vine
Intersection 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 Sth dda of December, A.D.
2017.
mayor
ATTEST:
a
FFont CoZ
SE AL
City Cdirk
cOLORA
O
Passed and adopted on final reading on the 5th day of December, A.D. 2017.
Mayor
ATTEST: OF F°Rre,
SEAL
ity rk
y
cOtORA00
2-