HomeMy WebLinkAbout070 - 07/17/1990 - AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN CAPITAL PROJECTS IN THE CAPITAL PROJECTS FUND FOR ORDINANCE NO. 70, 1990
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE TRANSFER OF APPROPRIATIONS
BETWEEN CAPITAL PROJECTS IN THE CAPITAL PROJECTS FUND
WHEREAS, Article V, Section 5 of the Charter of the City of Fort
Collins (the "Charter") requires that capital projects be itemized in the
budget by individual project; and
WHEREAS, the result of such itemization is that each individual
capital project in the budget is treated as a separate fund; and
WHEREAS, Article V, Section 15 of the Charter authorizes the City
Council to transfer by ordinance any unexpended appropriated amounts or
portion thereof from one fund to another upon the recommendation of the
City Manager, provided that purpose for the initial expenditure of said
funds no longer exists; and
WHEREAS, $113,000 is available in the 1990 budget for the capital
project to connect the north end of the Mason-Howes one-way couplet with
College Avenue; and
WHEREAS, staff has previously recommended that this project should not
be implemented; and
WHEREAS, the section of Lemay Avenue from Lincoln north to the
Greenbriar development just north of Willox Lane is scheduled for repair
this summer as part of the annual Street Overlay & Sealcoat project; and
WHEREAS , this section of Lemay currently lacks adequate
bicycle/pedestrian improvements; and
WHEREAS, the proposed improvement to Lemay is necessary to improve
traffic safety and provide for increased capacity, within the meaning of
Ordinance No. 30, 1984, which defines the permitted uses of proceeds of the
quarter-cent Recap sales and use tax; and
WHEREAS, the City Manager has recommended that $113,000 available in
the Mason-Howes Phase II capital project be transferred to the Street
Overlay & Sealcoat project for the purpose of constructing
bicycle/pedestrian improvements on North Lemay from Lincoln north to the
Greenbriar development.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the unexpended appropriated amount of ONE HUNDRED THIRTEEN
THOUSAND DOLLARS ($113,000) be authorized for transfer from the Mason-Howes
Phase II capital project to the Street Overlay & Sealcoat project within
the Capital Projects Fund.
Introduced, considered favorably on first reading, and ordered
published this 3rd day of July, A.D. 1990, and to be presented for final
passage on the 17th day of July, A.D. 1990.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 17th day of July, A.D. 1990.
for A� 14.
A TEST:
City Clerk