HomeMy WebLinkAbout014 - 02/16/1993 - APPROPRIATING $7,496.70 FROM GENERAL FUND TO THE STREET OVERSIZING FUND ORDINANCE NO. 14 , 1993
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING $7,496.70 FROM THE GENERAL FUND
TO THE STREET OVERSIZING FUND
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, in 1985 an escrow account was established with the City in the
Street Oversizing Fund in the amount of $14,900 for the eventual extension of
Southridge Greens Boulevard to the south property line of Greenridge PUD; and
WHEREAS, investment earnings on the escrow account have been held in the
General Fund; and
WHEREAS, the developer is ready to construct the extension of Southridge
Greens Boulevard to the south property line south of Greenridge PUD; and
WHEREAS, the City wishes to release the escrow funds and interest funds to
the developer for his construction costs.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that there is hereby appropriated for expenditure from prior year reserves in the
General Fund the total sum of SEVEN THOUSAND FOUR HUNDRED NINETY-SIX DOLLARS AND
SEVENTY CENTS ($7,496.70) for transfer to the Street Oversizing Fund to be used
for payment of construction costs to extend Southridge Greens Boulevard to the
south property line of Greenridge PUD.
Introduced, considered favorable on first reading, and ordered published
this 2nd day of February, A.D. 1993, and to be presented for final passage on the
16th day of February, A.D. 1993.
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a or
ATTEST:
City Clerk
Passed and adopted on final reading this 16th day of February, A.D. 1993.
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Y
ATTEST:
City Clerk