HomeMy WebLinkAbout057 - 07/03/1990 - APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROJECTS ORDINANCE NO. 57 , 1990
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE AND
AUTHORIZING THE TRANSFER OF APPROPRIATIONS
BETWEEN PROJECTS IN THE COMMUNITY
DEVELOPMENT BLOCK GRANT FUND
WHEREAS, Article V, Section 15, of the Charter of the City of Fort
Collins authorizes the City Council to appropriate unanticipated revenue
received at any time during the year and to transfer unexpended,
appropriated amounts from one fund to another upon the recommendation of
the City Manager, provided that the purpose of the initial expenditure of
said funds no longer exists; and
WHEREAS, the City will receive federal Community Development Block
Grant (CDBG) funds totalling $645,000 from the Department of Housing and
Urban Development; and
WHEREAS, funds are also available from anticipated CDBG program income
totalling $30,000; and
WHEREAS , an additional $50 , 000 is available in the form of
reprogrammed funds resulting from cancelled projects and contingency funds
from the fiscal year 1989-1990 program; and
WHEREAS, Resolution 90- 73 resulted in the approval of the 1990-1991
Community Development Block Grant Program.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS:
Section 1 . That there is hereby appropriated from unanticipated
revenue in the Community Development Block Grant Fund the sum of SIX
HUNDRED SEVENTY FIVE THOUSAND DOLLARS ($675,000) .
Section 2. That unexpended appropriations from former grant programs
for which the purpose of the initial expenditure no longer exists, in an
amount totalling FIFTY THOUSAND DOLLARS ($50,000) , are authorized for
transfer to and reallocation among the approved Community Development Block
Grant projects.
Introduced, considered favorably on first reading, and ordered
published this 5th day of June, A.D. 1990, and to be presented for final
passage on the 3rd day of July, A.D. 1990.
Aayvor
ATTEST:
City Clerk
Passed and adopted on final reading this 3rd day of July, A.D. 1990.
mayor
ATTEST:
C01..1 8
City Clerk QS