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HomeMy WebLinkAbout097 - 08/20/2002 - APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND TO B ORDINANCE NO. 097, 2002 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND TO BE USED FOR BICYCLE LANE IMPROVEMENTS ALONG WEST ELIZABETH STREET BETWEEN CITY PARK AVENUE AND SHIELDS STREET WHEREAS, improvements are needed along West Elizabeth Street between City Park Avenue and Shields Street in order to mitigate traffic impacts resulting from the inability of the current roadway to safely accommodate both bicycles and automobiles; and WHEREAS, the Campus West Community Commercial District Planning Study Report, completed in December 2001, identified inadequacies along West Elizabeth Street including unsafe bike lane facilities; and WHEREAS,the aforementioned report included a recommendation to install seven-foot bike lanes, increasing the sidewalk width, and providing streetscape improvements; and WHEREAS,the Colorado Department of Transportation(CDOT)has made available to the City of Fort Collins, Congestion Mitigation & Air Quality funds in the amount of$246,762 to be used to fund bicycle lane improvements along West Elizabeth Street between City Park Avenue and Shields Street,including project design and installing a seven foot continuous pour of concrete(the "Project"), similar to the bike lanes existing on Shields Street along the Colorado State University Campus; and WHEREAS,the Project is planned in conjunction with Pedestrian Plan improvements to the sidewalk condition and streetscape between City Park Avenue and Shields Street; and WHEREAS, the estimated cost to design and construct the Project is $307,000; and WHEREAS, local matching funds needed to cover the cost of improvements and administrative costs associated the Project,totaling$60,238,have been identified and are available in the form of prior year reserves in the Transportation Services Fund; and WHEREAS,the City Council adopted Resolution 2002-065, on July 16, 2002, authorizing the Mayor to enter into an intergovernmental agreement with the Colorado Department of Transportation for the receipt of Congestion Mitigation & Air Quality funds to be used to for the widening and improvement of the on-street bike lanes on West Elizabeth Street between City Park Avenue and Shields Street; 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; 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, City staff has determined that the appropriation of funds from the Colorado Department of Transportation as described herein will not cause the total amount appropriated in the Transportation Services Fund - West Elizabeth Street Bike Lane Project to exceed the current estimate of actual and anticipated revenues to be received during any fiscal year; and WHEREAS, it is the desire of the Council to appropriate the sum of$246,762 in Colorado Department of Transportation Congestion Mitigation&Air Quality funds, and the sum of $60,238 from Transportation Services Fund prior year reserves for the design and construction of bicycle lane improvements along West Elizabeth Street between City Park Avenue and Shields Street. 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 Transportation Services Fund - West Elizabeth Bike Lane Project, the sum of TWO HUNDRED FORTY-SIX THOUSAND SEVEN HUNDRED SIXTY-TWO DOLLARS($246,762) from Colorado Department of Transportation Congestion Mitigation&Air Quality funds,to be used for the design and construction of bicycle lane improvements along West Elizabeth Street between City Park Avenue and Shields Street. Section 2. That there is hereby appropriated from prior year reserves in the Transportation Services Fund,the sum of SIXTY THOUSAND TWO HUNDRED THIRTY-EIGHT DOLLARS($60,238)to be used for the design and construction of bicycle lane improvements along West Elizabeth Street between City Park Avenue and Shields Street. Introduced and considered favorably on first reading and orde, d published this 16th day of July, A.D. 2002, and to be presented for final passage on the 20th ay of August, A.D. 2002. >� Mayor AT ST: 'Ia_aL� . . L- W1 City Clerk Passed and adopted on final reading this 20th day of August, A.D. 2002. Mayor . .,.... TEST: AN 11L)p City Clerk