HomeMy WebLinkAbout044 - 04/01/2025 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR ELECTRIC VEHICLE INFRASTRUCTURE COST- SHARORDINANCE NO.044,2025
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL
FUND FOR ELECTRIC VEHICLE INFRASTRUCTURE COST-
SHARING FEE CREDITS FOR AFFORDABLE HOUSING
A.Through Ordinance No.057,2022,City Council appropriated $238,000 to
create a pilot program to provide fee credits for affordable housing developments to offset
the cost of City-imposed electric vehicle infrastructure requirements.These requirements
came into effect through the City’s adoption of the 2021 International Building Code.
B.To date,approximately $38,000 of the original appropriation has been
expended to support the installation of electric vehicle infrastructure at affordable housing
developments.To continue the pilot project,the remaining $200,000 must be
appropriated through a supplemental appropriation.This appropriation would fund about
ten new electric vehicle infrastructure projects,depending on the number of parking
spaces provided in each project.
C.This appropriation benefits the public health,safety,and welfare of the
residents of Fort Collins and serves the public purpose of supporting the development of
affordable housing with electric vehicle infrastructure.
D.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 such funds for expenditure as may be available from
reserves accumulated in prior years,notwithstanding that such reserves were not
previously appropriated.
E.The City Manager has recommended the appropriation described herein
and determined that the funds to be appropriated are available and previously
unappropriated from the General Fund and that this appropriation will not cause the total
amount appropriated in the General 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 General
Fund the sum of TWO HUNDRED THOUSAND DOLLARS ($200,000)to be expended in
the General Fund for the electric vehicle infrastructure cost-sharing fee credits for
Affordable Housing.
Introduced,considered favorably on first reading on March 18,2025,and approved
on second reading for final passage on April 1,2025.
ATTEST:
Effective Date:April 11,2025
Approving Attorney:Ted Hewitt
~w7k