HomeMy WebLinkAbout110 - 07/19/1994 - APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION DIVISION PORTION OF THE TRANSPORTATION SER ORDINANCE NO. 110, 1994
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION
DIVISION PORTION OF THE TRANSPORTATION SERVICES FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATED
AMOUNTS BETWEEN FUNDS FOR THE BICYCLE PROJECTS
WHEREAS, Article V, Section 14, of the Charter of the City of Fort Collins
(the "Charter") authorizes the City Council to appropriate unanticipated revenues
which are the result of new revenue sources at any time during the year in which
such revenue is received; and
WHEREAS, the City Council passed Resolutions 94-106 and 94-107 on July 5,
1994, authorizing the Mayor to enter into two intergovernmental agreements
between the City of Fort Collins and the Colorado Department of Transportation
(COOT) for the receipt of Federal Enhancement Funds and Surface Transportation
Funds (STP) to be used for two bicycle projects; and
WHEREAS, the two projects include the purchase and installation of bicycle
parking facilities, designated as public activity generators, and the planning
and preliminary engineering of bicycle facilities on Harmony Road between College
Avenue and Interstate 25; and
WHEREAS, the projected cost of the aforementioned projects is $75,000 for
the bicycle parking project and $121,000 for the Harmony Road project; and
WHEREAS, the City anticipates receiving a total of $156,785 in Federal
Enhancement Funds and STP funds from the Colorado Department of Transportation,
to be used for the purposes as identified for the said improvements; and
WHEREAS, the local matching funds for this project, totalling $39,215, are
appropriated in the Capital Projects Fund, Minor Street Capital project and are
available for use on said projects; and
WHEREAS, Article V, Section 14, 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 the purpose for which the funds were initially appropriated no longer
exists.
NOW, THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS:
Section 1. That upon the City's receipt of the sum of ONE HUNDRED FIFTY-
SIX THOUSAND SEVEN HUNDRED EIGHTY-FIVE DOLLARS ($156,785) in Federal Enhancement
Funds and STP Funds from the Colorado Department of Transportation, said sum is
hereby appropriated for expenditure from unanticipated revenue in the
Transportation Division portion of the Transportation Services Fund to be used
for the following purposes: (1) to purchase and install bicycle parking
facilities, (2) to complete the planning and preliminary engineering of bicycle
facilities on Harmony Road between College Avenue and Interstate 25.
Section 2. That the unexpended appropriated amount of THIRTY NINE THOUSAND
TWO HUNDRED FIFTEEN DOLLARS ($39,215) is authorized for transfer from the Capital
Projects Fund, Minor Street Capital Project to the Transportation Division
r
portion of the Transportation Fund and appropriated therein to be used to
purchase and install bicycle parking facilities and for the planning and
preliminary engineering of bicycle facilities on Harmony Road between College
Avenue and Interstate 25.
Introduced, considered favorably on first reading, and ordered published
this 5th day of July, A.D. 1994, and ::�ayor
consia�f�r final pa e o the
19th day of July, A.D. 1994.
ATTEST:(n (�V�/1 (�
�LL 1T1 �1 h o �P
City Clerk I `1
Passed and adopted on final reading this 19th of July A.D. , 1994.
ayor
ATTEST:
City Clerk