HomeMy WebLinkAbout090 - 08/21/1990 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE ANNUAL CONCRETE IMPROVEMENT ORDINANCE NO. 90, 1990
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND FOR THE
ANNUAL CONCRETE IMPROVEMENT PROGRAM
WHEREAS, Article V, Section 15, of the Charter of the City of Fort
Collins (the "Charter") authorizes the City Council to appropriate by
ordinance unanticipated revenue received as a result of new revenue at any
time during the year; and
WHEREAS, the City has established the Annual Concrete Improvement
Program to assist property owners in repairing, replacing, and maintaining
concrete curb, gutter and sidewalk adjacent to their properties; and
WHEREAS, to encourage the participation of property owners, the City
shares the cost of the concrete improvements with individual property
owners; and
WHEREAS, participating property owners are required to pay for their
portion of the cost of improvements before construction begins; and
WHEREAS, the total amount of revenue to be received from participating
property owners for the 1990 Annual Concrete Program is estimated to be
$50,000.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure from
unanticipated revenue in the Capital Projects Fund, the sum of THIRTY-FIVE
THOUSAND DOLLARS ($35,000) to be used in conjunction with previously
appropriated City funds for the 1990 Annual Concrete Program. This
appropriation is contingent upon the City's actual receipt of the
aforementioned unanticipated revenue, and the amounts hereby appropriated
shall in no event exceed the amounts actually received by the City, during
the year 1990, from property owners participating in the Annual Concrete
Improvement Program.
Introduced, considered favorably on first reading, and ordered
published this 7th day of August, A.D. 1990, and to be presented for final
passage on the 21st day of August, A.D. 1 0.
AAA
l
May r
ATTEST:
City Clerk
Passed and adopted on final reading this 21st day of August, A.D.
1990.
Mayo
ATTEST:
IOLUL i
City Clerk