HomeMy WebLinkAbout142 - 09/01/1998 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND AND PRIOR YEAR RESERVES IN THE SALE ORDINANCE NO. 142, 1998
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND
AND PRIOR YEAR RESERVES IN THE SALES AND USE TAX FUND AND
AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN FUNDS TO BE
USED FOR THE DESIGN AND CONSTRUCTION OF TEMPORARY PARKING LOTS
WHEREAS,on April 7, 1998,City Council adopted Resolution 98-63,authorizing the City
to enter into an intergovernmental agreement with Latimer County relating to the ownership,
development,maintenance,operation and use of Block 31,including the design and construction of
a new downtown parking structure(the"Civic Center Parking Structure"or the"Parking Structure")
and a provision for the County to pay to the City one half of the total cost of development and
construction of temporary parking,prior to the time when the Parking Structure is completed; and
WHEREAS,existing parking on Blocks 21 (LaPorte Lot)and Block 31 will be displaced as
the result of construction of the Parking Structure and the Justice Center and the County is arranging
to construct on the northeast corner of Block 31; and
WHEREAS,the estimated cost of constructing temporary parking lots on Blocks 22,32,and
33, containing approximately 600 parking spaces using recycled asphalt and including perimeter
landscaping and lighting is $641,500; and
WHEREAS, staff has identified prior year reserves in the Sales and Use Tax Fund Use Tax
Carryover Reserve as a source for the City's share of the cost, totaling $320,750; and
WHEREAS, the County will contribute to the City its one-half share of the cost of
construction, totaling $320,750, upon completion of the temporary parking; and
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 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,Article V,Section 9,of the Charter also 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 10, of the Charter authorizes the City Council to transfer by
ordinance any unexpended appropriated 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, pursuant to Section 23-304 of the City Code, one percent (1%) of the funds
appropriated for the construction of capital projects should be set aside in the Art in Public Places
reserve account in the Cultural Services and Facilities Fund, for use in the acquisition or leasing of
works of art, maintenance, repair or display of works of art, and administrative expenses related to
the Art in Public Places Guidelines adopted by Council in Ordinance No. 47, 1998; and
WHEREAS, it is the desire of the Council to appropriate for expenditure from prior year
reserves in the Sales and Use Tax Fund, a total of$320,750 for transfer to the Capital Project Fund
and from unanticipated revenue a total of$320,750, upon receipt from Larimer County to be used
to construct temporary parking on lots 21, 32, and 33, and provide funding for the City's Art in
Public Places program by authorizing the transfer of$6,300 from the Temporary Parking capital
project to the Cultural Services and Facilities Fund.
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 prior years in the Sales and
Use Tax Fund the sum of THREE HUNDRED TWENTY THOUSAND SEVEN HUNDRED
FIFTY DOLLARS($320,750)for transfer to the Capital Projects Fund,Facilities Master Plan capital
project to be used to construct temporary parking on Blocks 21, 32, and 33.
Section 2. That there is hereby appropriated for expenditure from unanticipated revenue,in
the form of a contribution from Larimer County,in the Capital Projects Fund,Facilities Master Plan
capital project, the sum of THREE HUNDRED TWENTY THOUSAND SEVEN HUNDRED
FIFTY DOLLARS ($320,750) upon receipt thereof, to be used to construct temporary parking lots
on Blocks 21, 32, and 33.
Section 3. That the unexpended appropriated amount of SIX THOUSAND THREE
HUNDRED DOLLARS ($6,300) is hereby authorized for transfer from the Facilities Master Plan
capital project in the Capital Projects Fund to the Art in Public Places Reserve Account in the
Cultural Services and Facilities Fund,and appropriated therein,to be used for art associated with the
design and construction of the temporary parking lots on Blocks 21, 32, and 33.
Introduced and 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 1st d of Septembe 1998.
Mayor
ATTEST:
- yo-,kL
City Clerk
Passed and adopted on final reading this I st day of Sept6mber, A.D. 1998,
ATTEST:
City Clerk