HomeMy WebLinkAbout119 - 09/19/1995 - APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND AND AUTHORIZING THE TRANSFER ORDINANCE NO. 119, 1995
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
TRANSPORTATION SERVICES FUND AND AUTHORIZING THE
TRANSFER OF EXISTING APPROPRIATIONS FOR THE
VERMONT BICYCLE/PEDESTRIAN UNDERPASS PROJECT
WHEREAS, Article V, Section 14,of the Charter of the City of Fort Collins (the "Charter")
authorizes the 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 Resolution 95-124,on September 5, 1995, authorizing
the Mayor to enter into an intergovernmental agreement with the Colorado State Department of
Transportation (CDOT) for the receipt of Surface Transportation Metro(STM) funds to provide for
the construction of the Vermont Bicycle/Pedestrian Underpass (the "Project"); and
WHEREAS, the Project's estimated total cost is $411,000, of which a total of$-M,000 has
already been appropriated by the adoption of Ordinance No. 34, 1993 on May 4, 1993, leaving an
additional $360,000 which needs to be appropriated for the Project; and
WHEREAS, the CDOT has made available to the City STM funds in the total amount of
$292,000 for construction of the Project; and
WHEREAS,local matching funds needed for the project,totalling$68,000, are appropriated
and available in the 1995 Transportation Services Fund budget; 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 transferred funds
are to be expended remains unchanged or the purpose for which the funds were originally
appropriated no longer exists; and
WHEREAS, it is the desire of the Council to appropriate the sum of$292,000 in Federal
funds and authorize the transfer of$68,000 in local matching funds in order to proceed with the
Project.
NOW,THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated revenue in
the Transportation Fund; the sum of TWO HUNDRED-NINE T Y-TWO THOUSAND DOLLARS
($292,000) from the Colorado Department of Transportation to be used for the Vermont
Bicycle/Pedestrian Underpass project.
Section 2. That the unexpended appropriated amount of SIXTY-EIGHT THOUSAND
DOLLARS ($68,000) be authorized for transfer from operating and maintenance dollars in the
Transportation Services Fund to the Vermont Bicycle/Pedestrian Underpass project in the same fund.
Introduced, considered favorably on first reading, and ordered published this 5th day of
September, A.D. 1995, and to be presented for final passage on the 194 day of Septembe .
1995.
yor
ATTEST:
City Clerk
Passed and adopted on final reading on the 19th day of Septe er, A.D. 1995.
i
ayor
ATTEST:
(� ` City Clerk