HomeMy WebLinkAbout016 - 02/20/2001 - APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND FOR THE HARMONY AND TIMBERLINE ROADW ORDINANCE NO. 16, 2001
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND
AND UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS FROM THE STREET
OVERSIZING FUND TO THE CAPITAL PROJECTS FUND FOR THE HARMONY AND
TIMBERLINE ROADWAY PROJECT
WHEREAS,improvements are needed at the intersection of Timberline Road and Harmony
Road in order to mitigate the traffic impacts resulting from the increased development in this area,
including recent commercial and hospital developments, and to comply with standards required by
the Colorado Department of Transportation; and
WHEREAS, City staff has been working on the design plans for improvements to the
aforementioned intersection of Timberline Road and Harmony Road, including construction of
double left turn lanes on all legs of the intersection, installation of landscaped medians to provide
access control, installation of a new traffic signal at the intersection of Timberline Road and
Timberwood Drive, and widening Harmony Road from the Union Pacific Railroad tracks, east to
the Poudre Valley Hospital entrance on Harmony Road (the "Project"); and
WHEREAS, the estimated cost of the Project is $3,414,276, and funds are available in the
form of existing appropriations ($2,514,531) in the Street Oversizing Fund, prior year reserves
previously received in the Street Oversizing Fund,contributions from a developer in the vicinity of
the Project($360,000),and unanticipated revenue in the Capital Projects Fund received from Poudre
Valley Hospital for its share of the proposed improvements ($539,745); and
WHEREAS, upon completion of the bid process, the Project is expected to begin in the
spring of 2001, with final completion and landscaping scheduled for fall of 2001; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the "Charter")
permits the 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 also permits the 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 current estimate of actual and anticipated revenues to be received
during the fiscal year; and
WHEREAS, Article V, Section 10, of the Charter authorizes the 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$360,000 from prior year reserves
in the Street Oversizing Fund and authorize the transfer of said amount, along with existing
appropriations totaling $2,514,531 from the Street Oversizing Fund to the Capital Projects Fund,
and to appropriate $539,745 in unanticipated revenue in the Capital Projects Fund, representing a
contribution from Poudre Valley Hospital,to be used to construct improvements at the intersection
of Timberline Road and Harmony Road.
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 Street Oversizing
Fund for transfer to the Capital Projects Fund, Timberline and Harmony Roadway Project and
appropriated therein the sum of THREE HUNDRED SIXTY THOUSAND DOLLARS ($360,000)
to be used to construct improvements at the intersection of Timberline Road and Harmony Road.
Section 2. That the unexpended appropriated amount of TWO MILLION FIVE HUNDRED
FOURTEEN THOUSAND FIVE HUNDRED THIRTY-ONE DOLLARS ($2,514,531) is hereby
authorized for transfer from the Street Oversizing Fund to the Capital Projects Fund,Timberline and
Harmony Roadway Project and appropriated therein to be used to construct improvements at the
intersection of Timberline Road and Harmony Road.
Section 3. That there is hereby appropriated for expenditure from unanticipated revenue in
the Capital Project Fund,Timberline and Harmony Roadway Project,the sum of FIVE HUNDRED
THIRTY-NINE THOUSAND SEVEN HUNDRED FORTY-FIVE DOLLARS ($539,745)
representing a contribution from Poudre Valley Hospital, to be used to construct improvements at
the intersection of Timberline Road and Harmony Road.
Introduced and considered favorably on first reading and ordered published this 6th day of
February, A.D. 2001, and to be presented for final passage on the 20th day of February, A.D. 2001.
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ATTEST:
City Clerk
Passed and adopted on final reading this 20th day of February, A.D. 2001.
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City Clerk