HomeMy WebLinkAbout004 - 01/16/2001 - APPROPRIATING UNANTICIPATED REVENUE IN THE OPEN LANDS FUND FOR PARTIAL REIMBURSEMENT TOWARD THE PURC ORDINANCE NO. 4, 2001
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
OPEN LANDS FUND FOR PARTIAL REIMBURSEMENT TOWARD
THE PURCHASE PRICE OF FOSSIL CREEK AREA PARCELS E, F AND G
WHEREAS, the City of Fort Collins has been working with Larimer County since 1994
to preserve significant areas of open land between Fort Collins and Loveland and specifically to
preserve the area around Fossil Creek; and
WHEREAS, the Fossil Creek Reservoir Area Plan completed in 1998 defined a resource
management area surrounding the reservoir that is to be protected through a combination of land
purchases, implementation of a transferable development rights program and other measures; and
WHEREAS, the aforementioned plan includes the acquisition of seven parcels (Parcels
A-G) along the south side of Fossil Creek Reservoir; and
WHEREAS, the County has acquired Parcels A and B, at a cost of $1,171,100, and
anticipates acquiring Parcel C by dedication through the County's transferable development
rights program, and purchasing Parcel D; and
WHEREAS, the City has signed contracts for the purchase of Parcels E, F and G, at a
cost of$6,125,000; and
WHEREAS, the total cost of Parcels A, B, E, F and G is $7,296,100; and
WHEREAS, plans are currently under way involving the City and County for the
purchase of Parcels C, and D; and
WHEREAS, the City Council is concurrently considering Ordinance No. 3, 2001, which
when adopted on second reading on January 16, 2001, will authorize the City to enter into an
intergovernmental agreement with Latimer County regarding the Fossil Creek Area Open Space
Properties and will provide for the transfer of ownership between the City and Latimer County
such that both entities will have a 50% undivided interest in all seven parcels (A-G); and
WHEREAS, Larimer County will pay the City of Fort Collins $2,276,950, representing
the amount needed to properly reflect their 50% interest in Parcels A, B, E, F and G; and
WHEREAS, the receipt of funds from the County will be appropriated in the City's
Open Lands Fund where said appropriations will be available for the acquisition and
development of open space, trails, and natural areas as identified in the Natural Areas Policy Plan
and City Plan; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins 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, does not exceed the then current estimate of actual
and anticipated revenues to be received during the fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that there is hereby appropriated for expenditure from unanticipated revenue in
the Open Lands Fund, the sum of TWO MILLION TWO HUNDRED SEVENTY-SIX
THOUSAND NINE HUNDRED FIFTY DOLLARS ($2,276,950), upon receipt from Larimer
County to be used for the acquisition and development of open space, trails, and natural areas.
Introduced and considered favorably on first reading and ordered published this 2nd day
of January, A.D. 2001, and to be presented for final passage on the 16th day of January, A.D.
2001.
Mayor n
ATTEST:
City Clerk
Passed and adopted on final reading this 16th day of January, A.D. 2001.
Mayor
ATTEST:
14"L Y'.hl.'Adl
City Clerk