HomeMy WebLinkAbout052 - 05/03/2016 - AUTHORIZING THE TRANSFER OF PREVIOUSLY APPROPRIATED FUNDS IN THE CAPITAL PROJECTS FUND FROM THE TIMBORDINANCE NO. 052, 2016
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE TRANSFER OF PREVIOUSLY APPROPRIATED
FUNDS IN THE CAPITAL PROJECTS FUND FROM THE
TIMBERLINE RECYCLING CENTER PROJECT TO THE TIMBERLINE
ROAD-DRAKE ROAD TO PROSPECT ROAD IMPROVEMENT PROJECT
WHEREAS, in connection with the Timberline Road-Drake Road to Prospect Road
Improvement Project, staff has identified several improvements that are necessary to bring the
street up to current standards; and
WHEREAS, a portion of the money 'originally appropriated with the Timberline
Recycling Center Project represents the local street share owed for that Project and is appropriate
for use to help fund the completion of these improvements; and
WHEREAS, this Ordinance transfers that amount, $87,102, in the Capital Projects Fund
from the Timberline Recycling Center Project to the Timberline Road-Drake Road to Prospect
Road Improvement Project; and
WHEREAS, this Ordinance does not appropriate any new funding; 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 account to another fund or capital project account, provided that
the purpose for which the transferred funds are to be expended remains unchanged as is the case
with this transfer.
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 the unexpended and unencumbered appropriated amount of
EIGHTY SEVEN THOUSAND ONE HUNDRED TWO DOLLARS ($87,102) is hereby
authorized for transfer from the Timberline Recycling Center Project to the Timberline Road -
Drake Road to Prospect Road Improvement Project.
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Introduced, considered favorably on first reading; and ordered.published this 19th day of
April, A.D. 2016, and to be presented for final passage on the 3rd day of May, A.D. 2016.
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City Clerk
Passed and adopted on fi ding on the 3rd day of May, A.D. 2616.
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