HomeMy WebLinkAbout048 - 05/15/1990 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR INTERSECTION IMPROVEMENTS ON CO ORDINANCE NO. 48, 1990
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL
PROJECTS FUND FOR INTERSECTION
IMPROVEMENTS ON COLLEGE AVENUE
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 sources
at anytime during the year; and
WHEREAS, the City Engineering Staff has been working with the Colorado
Department of Highways (CDOH) to identify opportunities to improve some of
the intersections along College Avenue, particularly, those intersections
that have badly rutted asphalt pavements; and
WHEREAS, the Colorado Department of Highways has offered to provide
$710,000 to the City to replace the existing asphalt pavements with
concrete pavements at the College & Prospect and College & Drake
intersections.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue in the
Capital Projects Fund, upon receipt from the State of Colorado Department
of Highways, the sum of SEVEN HUNDRED TEN THOUSAND DOLLARS ($710,000) to
replace existing asphalt pavement with concrete pavement at the College &
Prospect and College & Drake intersections, to be allocated as follows:
College & Prospect Intersection $355,000
College & Drake Intersection $355,000
Introduced, considered favorably on first reading, and ordered
published this 1st day of May, A.D. 1990 and to be presented for final
passage on the 15th day of May, A.D. 1990. ,
Mayor
ATTEST:
City City Clerk ,
Passed and adopted on final reading this 15th dal of May,_ A.D. 1990.
Mayor
ATTEST:ML
City Clerk