HomeMy WebLinkAbout068 - 05/17/1994 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE PROSPECT/SHIELDS INTERSECTI ORDINANCE NO. 68, 1994
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL
PROJECTS FUND FOR THE PROSPECT/SHIELDS INTERSECTION PROJECT
WHEREAS, Article V, Section 14, of the Charter of the City of Fort Coll-ins
(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, in the summer of 1993, the City constructed improvements
associated with- the- widening- of Prospect Road- between Shields- Street_ and Taft
Hill Road as part of the Choices 95 capital improvement plan; and
WHEREAS, the work on the aforementioned project also involved the Prospect/
Taft Hill Intersection, and Prospect/Shields Intersection Choices 95 projects;
and
WHEREAS, in conjunction with the foregoing roadway improvements, certa-hy
utility companies, including US West, installed utility system improvements; and
WHEREAS, during the widening of Prospect Road between Shields Street and
Taft Hill Road the City incurred certain costs for work done by the City's
contractor at US West's request when the US West contractor was unable to meet
certain project deadlines; and
WHEREAS, US West has previously agreed to reimburse the City for said costs
at the end of the project; and
WHEREAS, the City has received a total of $29,000 from US West as
reimbursement for the costs paid by the City from the project budget.
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, Prospect/Shields Intersection capital project, the sum
of TWENTY-NINE THOUSAND DOLLARS (E29,000) to be used with previously appropriated
funds for the Choices 95 Prospect/Shields Intersection project.
Introduced, considered favorably on first reading, and ordered published
this 3rd day of May, A.D. 1994, and to be considere final passa n the
17th day of May, A.D. 1994.
ATTEST: Mayor
1".
City Clerk
Passed and adopted on final reading this 17th day of May, A.D. 1994.
or
ATTEST:
City Clerk