HomeMy WebLinkAbout135 - 09/01/1998 - APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR RESERVES AND AUTHORIZING THE TRANSFER OF APPROPRI ORDINANCE NO. 13 5, 1998
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR
RESERVES AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS
BETWEEN FUNDS FOR THE GATEWAY PARK PROJECT
WHEREAS,the City of Fort Collins owns property located approximately five miles up the
Poudre Canyon,which property was formerly known as the City's Water Treatment Plant No. 1 and
is currently identified as Gateway Park; and
WHEREAS, the City wishes to make this property accessible to the public,which requires
the development of a new, safe entryway and restoration work at the site; and
WHEREAS, the total cost of this Gateway Park Project ("the Project") is $1,120,000; and
WHEREAS, 1998 funds have been identified in the amount of$664,000 and the remaining
funds, in the amount of$456,000, are anticipated to be available in 1999 and in the year 2000; and
WHEREAS,this ordinance appropriates the funds which are available in 1998,in the amount
of$664,000, which include $200,000 from General Fund prior year reserves, $210,000 from the
Open Lands Fund, $110,000 from the Conservation Trust Fund, and $144,000 from federal grant
funds passed through Colorado Department of Transportation; and
WHEREAS, in 1995, County residents approved a 0.25 cent county-wide sales and use tax
to be used for open space, natural areas, wildlife habitat, park and trail purposes; and
WHEREAS,the City,as a municipality located within Larimer County,receives a monthly
distribution from the County for its share of the aforementioned County sales and use tax; and
WHEREAS,the City's portion of the tax proceeds are deposited in the Open Lands Fund to
be used to further implement the Fort Collins Natural Areas Plan; and
WHEREAS,the proposed use of the Open Land Fund for the Project is consistent with the
City's Natural Areas Plan; and
WHEREAS, the funds totaling $200,000 were identified as part of the 1997 budget and set
aside for the Project; and
WHEREAS,the use of Conservation Trust Fund monies for the Project are consistent with
purposes as identified in C.R.S. 29-21-101; and
WHEREAS, the Colorado Department of Transportation has made available to the City,
Intermodal Surface Transportation Enhancement Act (ISTEA) funds in the amount of$144,000 to
be used for the Project; and
WHEREAS, the federal grant funds require a local match of $36,000 and this match is
provided as part of the $200,000 from General Fund prior year reserves; and
WHEREAS,Article V, Section 9 of the Charter of the City of Fort Collins permits the City
Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as
may be available from reserves accumulated in prior years notwithstanding that such reserves were
not previously appropriated; and
WHEREAS,Article V, Section 9,of the Charter of the City of Fort Collins also 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, Article V, Section 10, of the Charter of the City of Fort Collins 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 proposed
transfer is from a capital project in which the amount appropriated exceeds the amount needed to
accomplish the purpose specified in the appropriation ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from prior year reserves in the General Fund
the sum of TWO HUNDRED THOUSAND DOLLARS ($200,000) for transfer to the Capital
Projects Fund, Gateway Park capital project and appropriated therein.
Section 2. That there is hereby appropriated for expenditure from unanticipated grant
revenue in the Capital Projects Fund the sum of ONE HUNDRED FORTY-FOUR THOUSAND
DOLLARS ($144,000) for the Gateway Park capital project.
Section 3. That the unexpended appropriated amount of TWO HUNDRED TEN
THOUSAND DOLLARS ($210,000)is hereby authorized for transfer from the Open Lands Fund,
to the Capital Projects Fund, Gateway Park capital project and appropriated therein.
Section 4. That the unexpended appropriated amount of ONE HUNDRED TEN
THOUSAND DOLLARS ($110,000)is hereby authorized for transfer from the Conservation Trust
Fund, Other Open Space capital project to the Capital Projects Fund, Gateway Park capital project
and appropriated therein.
Introduced, considered favorably on first reading, and ordered published this 18th day of
August, A.D. 1998, and to be presented for final passage on the 1 st of September, 1998.
Mayor
ATTEST:
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City Clerk
Passed and adopted on final reading this 1 st day of Seer, A.D. 199�
Mayor
ATTEST:
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City Clerk