HomeMy WebLinkAbout074 - 06/04/2019 - MAKING APPROPRIATIONS AND AUTHORIZING TRANSFERS OF APPROPRIATIONS FOR THE LEMAY AND VINE INTERSECTIOORDINANCE NO. 074, 2019
OF THE COUNCIL OF THE CITY OF FORT COLLINS
MAKING APPROPRIATIONS AND AUTHORIZING TRANSFERS OF
APPROPRIATIONS FOR THE LEMAY AND VINE INTERSECTION
IMPROVEMENTS PROJECT AND RELATED ART IN PUBLIC PLACES
WHEREAS, the Lemay Avenue realignment and intersection improvements have been
prioritized as the City's highest priority Transportation Capital Improvement Project and has been
on the City's Master Street Plan for nearly 30 years; and
WHEREAS, the Lemay and Vine Intersection Improvements Project will construct a new
realigned Lemay Avenue from Lincoln Avenue to Conifer Street, and a new intersection slightly
northeast of the existing Lemay Avenue and Vine Drive intersection(the "Project"); and
WHEREAS,the ProJect will alleviate existing deficiencies and provide a key infrastructure
asset for northeast Fort Collins while also adding vehicular and multimodal capacity to the existing
transportation network within the Project area; and
WHEREAS, the Project cost is currently estimated at $233 million and will be replacing
an existing two-lane roadway with a new four-lane roadway, which results in a net gain of two
travel lanes; and
WHEREAS, because these new travel lanes will address growth-related impacts by
providing additional capacity to the existing transportation network, the Project is eligible to be
partially funded through Transportation Capital Expansion Fee ("TCEF") funds; and
WHEREAS, staff developed a funding contribution model and calculated the total TCEF
contribution available for the Project as$10.7 million,of which$1.8 million(in 2019 dollars)will
be reimbursed by future development of land adjacent to the Project; and
WHEREAS, this Ordinance appropriates $9.1 million in TCEF funds to the Project; and
WHEREAS,this appropriation will also address Art in Public Places obligations associated
with this appropriation of$9.1 million for the Project; and
WHEREAS,this appropriation benefits the public and residents of the City of Fort Collins
because it enhances existing roadway and infrastructure within the City; 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, the City Manager has recommended the appropriation described herein and
determined that this appropriation is available and previously unappropriated from the
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Transportation Capital Expansion Fee Fund and will not cause the total amount appropriated in
the Transportation Capital Expansion Fee Fund to. exceed the current estimate of actual and
anticipated revenues to be received in that fund during any fiscal year; and
WHEREAS, the City Manager has recommended the appropriation described herein and
determined that this appropriation is available and previously unappropriated from the
Transportation Fund and will not cause the total amount appropriated in the Transportation Fund
to exceed the current estimate of actual and anticipated revenues to be received in that fund during
any fiscal year; 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 fends 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
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 prior year reserves in
the Transportation Capital Expansion Fee Fund for transfer'to the Capital Projects Fund the sum
of NINE MILLION SEVENTY-NINE THOUSAND NINE HUNDRED EIGHTY DOLLARS
9,079,980)for the Lemay and Vine Intersection Improvements Project and appropriated therein.
Section 3. That there is hereby appropriated for expenditure from prior year reserves in
the Transportation Fund for transfer to the Capital Projects Fund the sum of TWENTY
THOUSAND TWENTY DOLLARS ($20,020) for the Lemay and Vine Intersection
Improvements Project and appropriated therein.
Section 4. That the unexpended appropriated amount of SEVENTY THOUSAND
NINE HUNDRED EIGHTY DOLLARS ($70,980) in the Capital Projects Fund is authorized for
transfer to the Cultural Services and Facilities Fund.and appropriated therein for the Art in Public
Places Art Project.
Section 5. That the unexpended appropriated amount of EIGHTEEN THOUSAND
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TWO HUNDRED DOLLARS ($18,200) in the Capital Projects Fund is authorized for transfer to
the Cultural Services and Facilities Fund and appropriated therein for the Art in Public Places
Program Operations.
Section 6. That the unexpended appropriated amount of ONE THOUSAND EIGHT
HUNDRED TWENTY DOLLARS ($1,820)in the Capital Projects Fund is authorized for transfer
to the Cultural Services and Facilities Fund and appropriated therein for the Art in Public Places
Program Maintenance.
Introduced, considered favorably on first reading and ordered published this 21st day of
May, A.D.2019, and to be presented for final passage on the 4th day of June, A.D. 2019.
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ATTEST: of Fogr co
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Chief Deputy City Clerk
Passed and adopted on final reading on the 4th day of June, A.D. 2019.
Mayor Pro Tern
ATTEST:
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City CLa
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