HomeMy WebLinkAbout160 - 01/02/1996 - APPROPRIATING $1,700,000 FROM THE USE TAX CARRYOVER RESERVE TO CONSTRUCT AND OPEN A COMMUNITY LIBRAR ORDINANCE NO. 160, 1995
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING $1,700,000 FROM THE USE TAX CARRYOVER RESERVE
TO BE USED TO CONSTRUCT AND OPEN A COMMUNITY LIBRARY
WHEREAS, the City intends to enter into an Intergovernmental Agreement(IGA)with Front
Range Community College (FRCC) for the construction, operation, and use of a community library
to be constructed on FRCC's Larinter Campus; and
WHEREAS, the IGA requires the City to contribute $1,700,000 toward the design,
construction, furnishing, and equipping of the community library; and
WHEREAS, Article V, Section 7 of the Charter of the City of Fort Collins authorizes the
City Council to provide by ordinance for payment of any expense from reserves accumulated in prior
years notwithstanding that such reserves were not appropriated for expenditure in the annual
appropriation ordinance; and
WHEREAS, Article V, Section 14 of the Charter, authorizes the Council to transfer by
ordinance, upon the recommendation of the City Manager, any unexpended appropriated amount or
portion thereof from one fund to another, provided that the purpose for which the transferred funds
are to be expended remains unchanged; and
WHEREAS, there are sufficient funds in the City's 1995 and prior year use tax carryover
reserves to pay for the City's contribution to the community library; and
WHEREAS, the City Manager has recommended that such funds be transferred from the
Sales and Use Tax Fund to the General Fund to be used for the community library project; and
WHEREAS, the $1,700,000 contribution does not include funds for the purchase of books
and media materials for the community library; and
WHEREAS, in Resolution 95-138 Council directed staff to prepare an Ordinance for
Council's consideration appropriating $2,000,000 for the community library; and
WHEREAS, $300,000 for books and materials for the community library will not be needed
until 1997; and
WHEREAS, Council prefers to provide funds for books and materials at the time the funds
are needed and anticipates providing this funding in 1997; and
WHEREAS, the Council has determined that entering into the IGA with FRCC is in the best
interest of the citizens of Fort Collins.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from 1995 and prior year use tax carryover
reserves in the Sales and Use Tax Fund the amount of One Million Seven Hundred'I'housand Dollars
($1,700,000.00) for the community library project.
Section 2. That the unexpended appropriated amount of One Million Seven Hundred
Thousand Dollars ($1,700,000.00) is hereby authorized for transfer from the Sale and Use Tax Fund
to the General Fund and appropriated therein to be used for the community library project.
Introduced, considered favorable on first r:ayorz
published this 5d da of
December, A.D. 1995, and be presented for final py of January, . 199
ATTEST:
City Clerk
Passed and adopted on final reading this 2nd day of January, A.D. 1996.
Mayor i"fT
ATTEST:
City Clerk