HomeMy WebLinkAbout088 - 07/16/1991 - APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND ORDINANCE NO. 88 , 1991
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED'REVENUE
IN THE TRANSPORTATION SERVICES FUND
WHEREAS, Article V, Section 15, of the Charter of the City of Fort Collins
authorizes the City Council to appropriate unanticipated revenue which are the
result of new revenue sources at any time during the year in which such revenue
is received; and
WHEREAS, Council passed Resolution 91-96 on July 2, 1991, authorizing the
City to enter into an intergovernmental agreement with the State of Colorado for
the receipt of Federal -Aid Urban Systems (FAUS) funds to provide for the
expansion and upgrade of the City's computerized traffic signal system; and
WHEREAS, the City anticipates receiving $500,000 in FAUS funds for the
expansion and upgrade of the City's computerized traffic control system.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that upon the City's receipt of the sum of FIVE HUNDRED THOUSAND DOLLARS
($500,000) in Federal -Aid Urban Systems (FAUS) funds from the State of Colorado,
said sum is appropriated for expenditure from unanticipated revenue in the
Transportation Services Fund to provide for the expansion and upgrade of the
City's computerized traffic control system.
Introduced, considered favorably on first reading, and ordered published
this 2nd day of July, A.D. 1991 , and to be presented for final passage on the
16th day of July, A.D. 1991 .
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 16th day Qf July, A.D. 1991 ,
Or
ATTEST:
1 w". &
City Clerk 1 ` �