HomeMy WebLinkAbout075 - 05/05/1998 - APPROPRIATING UNANTICIPATED REVENUE IN THE FLOOD MITIGATION FUND FOR FLOOD MITIGATION PROJECTS ORDINANCE NO. 75, 1998
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE FLOOD MITIGATION FUND
TO BE USED FOR FLOOD MITIGATION PROJECTS
WHEREAS,on July 28 and 29, 1997,a flash flood hit Fort Collins, causing severe damage
to certain areas of the City and resulting in the loss of five (5) lives and injuries to 54 people; and
WHEREAS,the flood destroyed 120 mobile homes and damaged vehicles;severely damaged
public and private infrastructure; caused the evacuation of residences and businesses; caused the
temporary closure of businesses; and caused the loss or destruction of various items of personal
property; and
WHEREAS,on August 1, 1997,President Clinton declared Larimer County a federal disaster
area thereby qualifying the City for various types of disaster assistance programs, including
assistance from the Federal Emergency Management Agency (FEMA), the Small Business
Administration (SBA), and the Department of Housing and Urban Development (HUD); and
WHEREAS,on January 28, 1998,HUD announced that the City would receive$511,740 of
Disaster Recovery Initiative Funds from the Community Development Block Grant Program
(CDBG), providing funds for flood-related needs which are not met by other federal programs; and
WHEREAS, contingent upon receiving the Disaster Recovery Initiative Funds, the City is
required to develop a Flood Recovery Action Plan, identifying specific projects to which the funds
would be allocated; and
WHEREAS, the City's CDBG Commission, City staff, and various agencies and citizens
have worked together to develop a Flood Recovery Action Plan including conducting public
hearings, culminating in a recommendation to the City Council of projects to be funded; and
WHEREAS,on April 21, 1998,City Council adopted Resolution 98-75,approving the City's
Flood Recovery Action Plan and accepted the recommendations contained therein with regard to
projects to be funded upon the receipt of Disaster Recovery Initiative Funds from the Department
of Housing and Urban Development, Community Development Block Grant; and
WHEREAS,accounting for large grants is better accomplished in a separate fund where grant
revenues and expenditures can be separately identified and segregated from other revenues and
expenditures; and
WHEREAS,Article V, Section 25 of the Charter of the City of Fort Collins(the"Charter")
authorizes the Financial Officer to create new funds; and
WHEREAS, the Financial Officer has created the Flood Mitigation Fund to more
appropriately account for expenditures and revenue related to flood mitigation measures; and
WHEREAS, Article V, Section 9, of the "Charter" permits the City Council to make
supplemental appropriations by ordinance at any time during the fiscal year,provided that the total
amount of such supplemental appropriations,in conjunction with all previous appropriations for that
fiscal year,do not exceed the then current estimate of actual and anticipated revenues to be received
during the fiscal year; and
WHEREAS, it is the desire of the Council to appropriate the sum of$511,740, in the Flood
Mitigation Fund, upon receiving Disaster Recovery Initiative Funds from the Department of
Housing and Urban, Community Development Block Grant to be used for projects identified and
recommended for funding in the City's Flood Recovery Action Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure from Disaster Recovery Initiative Funds
in the Flood Mitigation Fund, the sum of FIVE HUNDRED ELEVEN THOUSAND SEVEN
HUNDRED FORTY DOLLAR ($511,740) from the Department of Housing and Urban
Development to be used for projects recommended in the City's Flood Recovery Action Plan.
Introduced and considered favorably on first reading and ordered published this 21 st day of
April, A.D. 1998, and to be presented for final passage on the 5th day,Iff May, A.D- 1998. .
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 5th day of May,,A-.11-.—1 9)98. r
or
ATTEST:
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City Clerk