HomeMy WebLinkAbout111 - 09/03/2024 - APPROPRIATING PRIOR YEAR RESERVES IN THE PARKING SERVICES FUND FOR PARKING STRUCTURE MAINTENANCE, PAORDINANCE NO.111,2024
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE PARKING
SERVICES FUND FOR PARKING STRUCTURE MAINTENANCE,
PARKING PLANNING,AND SAFETY
A.The City’s Parking Services is responsible for reviewing and planning for
parking needs within the City and overseeing the three City-managed parking structures:
Civic Center Parking Structure (CCPS),Firehouse Alley Parking Structure (FAPS),and
Old Town Parking Structure (OTPS).
B.This Ordinance appropriates ONE MILLION FIVE HUNDRED AND
NINETY-FIVE DOLLARS ($1,595,000)for the following purposes:
1.Parking Services staff has identified needed maintenance projects at the CCPS
to complete stairwell repairs,and the FAPS to seal the parking deck structure.
This Ordinance appropriates $1,200,000 for the CCPS stairwell and $110,000
for the FAPS deck sealing.
2.To cover the increased cost of providing third-party security services to the
three City-managed parking structures,this Ordinance appropriates $50,000.
3.To conduct a parking study and plan as discussed with Council during the
October 24,2023,Council work session,this Ordinance appropriates
$185,000,a portion of which will be reimbursed by the Downtown Development
Authority.
4.Finally,for additional maintenance and to correct a cost calculation error,this
Ordinance appropriates an additional $50,000.
C.Article V,Section 9 of the City Charter permits the City Council,upon the
recommendation of the City Manager,to make supplemental appropriations by ordinance
at any time during the fiscal year from such revenues and funds for expenditure as may
be available from reserves accumulated in prior years,notwithstanding that such reserves
were not previously appropriated.
D.The City Manager has recommended the appropriation described herein
and determined that this appropriation is available and previously unappropriated from
the Parking Services Fund and will not cause the total amount appropriated in the Parking
Services Fund to exceed the current estimate of actual and anticipated revenues and all
other funds to be received in this Fund during this fiscal year.
In light of the foregoing recitals,which the Council hereby makes and adopts as
determinations and findings,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that there is hereby appropriated from Prior Year Reserves in the
Parking Services Fund the sum of ONE MILLION FIVE HUNDRED NINETY-FIVE
—1—
THOUSAND DOLLARS ($1,595,000)to be expended in the Parking Services Fund(s)for
the parking structure maintenance,parking planning,and safety.
Introduced,considered favorably on first reading on August 20,2024,and
approved on second reading for final passage on September 3,2024.
ATfEST:
ityCl
Effective Date:September 13,2024
Approving Attorney:Brad Yatabe
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