HomeMy WebLinkAbout095 - 07/01/1997 - APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND AND AUTHORIZING TRANSFER OF ORDINANCE NO. 95, 1997
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
TRANSPORTATION SERVICES FUND AND AUTHORIZING THE
THE TRANSFER OF APPROPRIATIONS FOR THE DESIGN AND
CONSTRUCTION OF INTERSECTION IMPROVEMENTS AT THE
RIVERSIDE AVENUE AND MULBERRY STREET INTERSECTION
WHEREAS,Article V, Section 9, of the Charter of the City of Fort Collins (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 combination 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, the City Council passed Resolution 97-86, on June 17, 1997, authorizing the
City to enter into an intergovernmental with the Colorado State Department of Transportation
(CDOT)for the receipt of federal Surface Transportation Program (STM) Funds to provide for the
design and construction of intersection improvements and traffic signal reconstruction at the
intersection of Riverside (State Highway 14) and Mulberry Street(the "Project"); and
WHEREAS, the Project's estimated total cost is $142,000; and
WHEREAS, the CDOT has made available to the City, STM Funds in the total amount of
$140,000 for the design and construction of the Project; and
WHEREAS, local matching funds needed for the project, totaling $2,000, have been
identified and are appropriated in the Transportation Services Fund 1997 budget; and
WHEREAS, Article V, Section 10, of the Charter authorizes the City Council to transfer by
ordinance any unexpended and unencumbered amount or portion thereof from one fund or capital
project to another fund or capital project, provided that the purpose for which the transferred funds
are to be expended remains unchanged; and
WHEREAS, it is the desire of the Council to appropriate the sum of$140,000 in federal
STM Funds and authorize the transfer of$2,000 in local matching funds in order to proceed with the
Project; and
NOW, THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated revenue
in the Transportation Services Fund, the sum of ONE HUNDRED FORTY THOUSAND
DOLLARS ($140,000) from the Colorado Department of Transportation to be used for the design
and construction of intersection improvements and traffic signal reconstruction of the Riverside
Avenue (State Highway 14) and Mulberry Street Intersection Project.
Section 2. That the unexpended appropriated amount of TWO THOUSAND DOLLARS
($2,000) is hereby authorized for transfer from operating and maintenance dollars in the
Transportation Services Fund to the Riverside and Mulberry Street Intersection Project in the same
fund.
Introduced and considered favorably on first reading, and ordered published this 17th day of
June, A.D. 1997, and to be considered for final passage on the 1st day of July, A.D. 1997.
Mayor Pro fern
ATTEST:
CityClerk
Passed and adopted on final reading this 1st day of July,A.D.J097.
Mayor
ATTEST:
City Clerk