HomeMy WebLinkAbout048 - 05/07/1991 - APPROPRIATING PRIOR YEAR RESERVES IN THE STORM DRAINAGE FUND FOR BASIN IMPROVEMENTS IN THE SPRING CR ORDINANCE NO. 48 , 1991
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE
STORM DRAINAGE FUND FOR BASIN IMPROVEMENTS IN THE
SPRING CREEK DRAINAGE BASIN
WHEREAS, stormwater fees have been collected in the Spring Creek Basin to
fund the construction of stormwater facilities, including minor capital
improvements, as provided in Section 26-511 of the City's Code; and
WHEREAS, the Stormwater Utility has identified the installation of the
Shields Street storm sewer as a necessary minor capital item in the Spring Creek
Basin Improvements capital project; and
WHEREAS, the City wishes to construct the storm sewer in conjunction with
the Shields Street widening project to realize a cost savings and minimize the
disruption of vehicular and pedestrian traffic on Shields Street; and
WHEREAS, an appropriation of funds is needed to fund said storm drainage
basin improvements; and
WHEREAS, Article V, Section 8, of the Charter of the City of Fort Collins
authorizes the City Council to provide by ordinance for payment of any expense
from reserves accumulated in prior years, notwithstanding that such reserves were
not appropriated for expenditures in the annual appropriation ordinance; and
WHEREAS, prior year reserves are available in the Storm Drainage Fund and
are sufficient to cover the cost of the foregoing improvements.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that there is hereby appropriated from prior year reserves in the Storm Drainage
Fund the sum of SEVENTY THOUSAND DOLLARS ($70,000) to fund storm drainage basin
improvements in the Spring Creek Drainage Basin.
Introduced, considered favorably on first reading, and ordered published
this 16th day of April , A.D. 1991, and to be presented for final passage on the
7th day of May, A.D. 1991 .
yor
ATTEST:
City Clerk
Passed and adopted on final reading this 7th day of May, A.D. 1991 .
Mayor
ATTEST-
City Clerk