HomeMy WebLinkAbout049 - 05/16/2000 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND 1/4 CENT NATURAL AREAS CAPITAL PROJ ORDINANCE NO. 49, 2000
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND 1/4 CENT NATURAL AREAS CAPITAL PROJECT
FOR REIMBURSEMENT TOWARD THE PURCHASE PRICE OF AN 80-ACRE
PORTION OF THE CATHY FROMME PRAIRIE ACQUIRED IN 1995
WHEREAS,in September 1995,the City of Fort Collins and Larmier County were awarded
a$235,000 grant from Great Outdoors Colorado(GOCO),to be used to purchase an 80-acre portion
of property from D. Jensen Enterprises for $520,000, which is a now part of the Cathy Fromme
Prairie; and
WHEREAS, the aforementioned 80-acre parcel was acquired using funding from the
dedicated 0.25 cent Sales and Use Tax which went into effect in January of 1993 and expired in
December of 1997; and
WHEREAS, the City Council is concurrently considering Ordinance No. 47, 2000 and
Ordinance No. 48,2000 which when adopted on second reading on May 16,2000 will: 1)authorize
the City to enter into an intergovernmental agreement with Great Outdoors Colorado for receipt of
GOCO funds, totaling $235,000, as a partial reimbursement for the acquisition of the 80-acre
property acquired from D. Jensen Enterprises, in exchange for the imposition of a deed restriction
or conservation easement to protect the property from uses contrary to the purposes of the grant;and
2) authorize the City to enter into an intergovernmental agreement with Larimer County regarding
the management of the 80-acre parcel and authorizing the City to quit claim an undivided 11%
interest in the property to the County in exchange for $60,000; and
WHEREAS,the reimbursement by GOCO and the receipt of funds from the County will be
appropriated in the 1/4 Cent Natural Areas Capital Project 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
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, 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 as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated revenue in
the Capital Projects Natural Areas capital project, the sum of TWO HUNDRED THIRTY-FIVE
THOUSAND DOLLARS($235,000),upon receipt from Great Outdoors Colorado to be used for the
acquisition and development of open space,trails and natural areas.
Section 2. That there is hereby appropriated for expenditure from unanticipated revenue in
the Capital Projects Natural Areas capital project, the sum of SIXTY THOUSAND DOLLARS
($60,000),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
May, A.D. 2000, and to be presented for final passage on the 16th day of May, A.D. 2000.
Mayor
ATTEST:
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City Clerk
Passed and adopted on final reading this 16th day of May, A.D. 2000.
Mayor
ATTEST:
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City Clerk —C' i�� W ?J