HomeMy WebLinkAbout109 - - APPROPRIATING UNANTICIPATED REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUNDORDINANCE NO. 109, 2017
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, the City has received unanticipated additional CDBG funding from HUD
for 2017 in the amount of$253,378; and
WHEREAS, Article V, Section 9, of the City Charter permits 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 all unanticipated CDBG
program revenue as described herein will not result in total appropriations in excess of the
current estimate of actual and anticipated revenues for fiscal year 2017.
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 unanticipated
revenue, upon receipt thereof into the Community Development Block Grant Fund, the sum of
TWO HUNDRED FIFTY-THREE THOUSAND THREE HUNDRED SEVENTY-EIGHT
DOLLARS ($253,378), for approved Community Development Block Grant projects.
Introduced, considered favorably on first reading, and ordered published this 15th day of
August, A.D. 2017, and to be presented for final passage on the 5th day of September, A.D.
2017.
Mayor
ATTEST:
OF FOh,
TcO
kC—iTief Dep ity Clerk f
O
ORADO•••.•
1-
Passed and adopted on final reading on the 5th day of September, A.D. 2017.
Mayor
ATTEST:
OF FOR7-
T, i Dep ity Clerk SEAT •N l
CO ORADO
2-