HomeMy WebLinkAbout140 - 11/02/1993 - AUTHORIZING TRANSFER OF FUNDS FROM GENERAL INTO PARKLAND FUND TO ASSIST IN PAYMENT OF PARKLAND FEES ORDINANCE NO. 140, 1993
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE TRANSFER OF FUNDS FROM THE
THE GENERAL FUND INTO THE PARKLAND FUND FOR
THE PURPOSE OF ASSISTING IN THE PAYMENT OF PARKLAND
FEES FOR FY 1992 COMMUNITY DEVELOPMENT BLOCK GRANT
PROJECTS WHICH INVOLVE THE PAYMENT OF
PARKLAND FEES
WHEREAS, on June 2, 1993, the Council of the City of Fort Collins adopted
the FY 1992 Community Development Block Grant (CDBG) Program and authorized the
funding of projects thereunder; and
WHEREAS, certain of said projects involve the payment to the City of
parkland fees; and
WHEREAS, CDBG recipients for projects funded through the FY 1992 CDBG
Program budgeted their projects for payment of the City's parkland fee on the
basis of the fee in effect at the time of Program approval ; and
WHEREAS, all Fiscal Year 1992 CDBG contingency funds have been reprogrammed
into the Fiscal Year 1993 CDBG Program and are unavailable for supplemental
funding for Fiscal Year 1992 CDBG projects; and
WHEREAS, on July 20, 1993, the City Council passed, on second reading,
Ordinance No. 82, 1993, establishing an increase in the City's parkland fee of
$154.00 per unit; and
WHEREAS, the Council believes that said increment of increase in the City's
parkland fee should not be collected from CDBG projects which are funded with FY
1992 funds if such projects were established and budgeted based upon the parkland
fee in existence prior to the adoption of Ordinance No. 82, 1993; and
WHEREAS, two FY 1992 CDBG projects (the Community Affordable Residences
Enterprises and the Resource Assistance Center) have requested assistance from
the City in the payment of the aforesaid increment of increase in parkland fees,
which assistance, in the aggregate, totals $4,774; and
WHEREAS, the Council has determined that the provision of said assistance
would serve a valid public purpose; and
WHEREAS, the Council further determines that said increment of increase
should be paid into the Parkland Fund by transfer from the General Fund; and
WHEREAS, Article V, Section 14, of the Charter authorizes the City Council
to transfer by ordinance any unexpended appropriated amounts or portion thereof
from one fund to another upon the recommendation of the City Manager, provided
that the purpose for which the transferred funds are to be expended remains
unchanged.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
as follows:
Section 1 . That the parkland fee that shall be collected from any CDBG
project funded with FY 1992 funds which involves the payment of Parkland fees to
the City, and which was budgeted based upon the City's established parkland fee
prior to the enactment of Ordinance No. 82, 1993, shall be that parkland fee
which existed immediately prior to the enactment of said Ordinance No. 82, 1993.
Section 2. That said increment of increase shall be paid into the Parkland
Fund by transfer from the General Fund.
Section 3. That the unexpended appropriated amount of Four Thousand Seven
Hundred Seventy-four Dollars ($4,774) is hereby authorized for transfer from the
General Fund to the Parkland Fund.
Introduced, considered favorably on first reading, and ordered published
this 19th day of October, A.D. 1993, and to be presente r final passage on the
2nd day of November, A.D.
ATTEST: Mayor
City C!erk
Passed and adopted on final reading this 2nd day $f November, 1993.
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ATTEST: ayor
City Clerk