HomeMy WebLinkAbout092 - 07/19/1988 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND ORDINANCE NO. 92, 1988
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE CAPITAL PROJECTS FUND
WHEREAS, Article V, Section 15, of the Charter of the City of Fort
Collins authorizes the City Council to appropriate unanticipated revenue at
any time during the year in which such revenue is received; and
WHEREAS, the City is negotiating with Burlington Northern Railroad
Company and with State of Colorado - Division of Highways for the funding
of a crossing signal on Timberline Road; and
WHEREAS, in accordance with the agreement the City will pay 10% of the
cost and will receive Federal Funds for the remaining 90% of the project
cost; and
WHEREAS, the total project cost is estimated at $60,000 and the City's
share of $7,058 is available from existing Railroad Crossing project
appropriations.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue in the
Capital Projects Fund the sum of FIFTY-TWO THOUSAND NINE HUNDRED FORTY-TWO
DOLLARS ($52,942) for railroad crossing signals and gates on Timberline
Road.
Introduced, considered favorably on first reading, and ordered
published this 5th day of July, A.D. 1988, and to be presented for final
passage on the 19th day of July, A.D. 1988.
Ma
TTEST:
ia
City Clerk
Passed and adopted on final reading this 19th day of July, A.D. 1988.
Mayor
ATTEST:
City Clerk 1