HomeMy WebLinkAbout062 - 05/06/2003 - APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND AND AUTHORIZING THE TRANSFER OF APPR ORDINANCE NO. 062, 2003
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATED AMOUNTS
TO BE USED TO CONSTRUCT INTERIM ROADWAY IMPROVEMENTS
ON COUNTY ROAD 11 AND DOUGLAS ROAD
WHEREAS, the roadway system in the northeast area of Fort Collins between Douglas
Road and International Boulevard consists of existing County roads that currently do not meet
City standards; and
WHEREAS, future development of the aforementioned area will require that the current
roadway system be improved in order to comply with City standards for maintaining adequate
levels of service; and
WHEREAS, although current development in the area does not necessitate full roadway
improvements in the area, interim roadway improvements are necessary to maintain adequate
levels of service; and
WHEREAS, final roadway improvements in the area, including installing curb and gutter,
sidewalks, and bringing the streets up to City standards will be constructed by the City once
development in the area has reached a critical level; and
WHEREAS, proposed interim improvements in the area include overlaying, widening,
and repairs to County Road 11 from County Road 52 to Douglas Road; and Douglas Road from
County Road 11 to County Road 13; providing two travel lanes and two bicycle lanes, thus
allowing new development in the area to begin construction (the "Northeast Area Overlay
Project"); and
WHEREAS, the estimated cost of the interim improvements is $1,129,182; and
WHEREAS, staff has identified the following sources to fund improvements associated
with the Northeast Area Overlay Project:
Street Oversizing Fund Prior Year Reserves
Contributions from Hearthfire PUD $ 430,930
Street Oversizing Fund Prior Year Reserves
Contributions from Richards Lake PUD 261,975
Project Savings from the Lemay Avenue Widening Project 434,277
Total $ 1,129,182
WHEREAS, upon completion of the bid process, the Northeast Area Overlay Project is
expected to begin in June 2003, with final completion scheduled to be completed by October
2003; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the
"Charter") 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 and unencumbered amount or portion thereof from one fund or
capital project to another fund or capital project, provided that the proposed transfer is from a
fund or capital project account in which the amount appropriated exceeds the amount needed to
accomplish the purposed specified in the appropriation ordinance; and
WHEREAS, staff has identified project savings in the Lemay Avenue Widening project,
totaling, $434,277, appropriated by City Council by adoption of Ordinance No. 011, 2003, on
February 4, 2003, and the City Manager has recommended that said project savings by
transferred to the Capital Projects Fund - Northeast Area Overlay Project and earmarked for
expenditure therein; and
WHEREAS, it is the desire of the Council to appropriate $694,905 from prior year
reserves in the Street Oversizing Fund and authorize the transfer of said amount to the Capital
Projects Fund - Northeast Area Overlay Project, for appropriation therein, and to authorize the
transfer of existing appropriations, totaling $434,277, in the Capital Projects Fund - Lemay
Avenue Widening project to the Capital Projects Fund - Northeast Area Overlay Project for
expenditure therein.
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 year reserves
in the Street Oversizing Fund for transfer to the Capital Projects Fund - Northeast Area Overlay
Project and appropriated therein the sum of SIX HUNDRED NINETY-FOUR THOUSAND
NINE HUNDRED FIVE DOLLARS ($694,905) to be used for expenditures associated with the
proposed Northeast Area Overlay Project.
Section 2. That the unexpended appropriated amount of FOUR HUNDRED
THIRTY-FOUR THOUSAND TWO HUNDRED SEVENTY-SEVEN DOLLARS ($434,277) is
hereby authorized for transfer from the Capital Projects Fund - Lemay Avenue Widening project
to the Capital Projects Fund - Northeast Area Overlay Project to be used for expenditures
associated with the proposed Northeast Area Overlay Project.
Introduced and considered favorably on first reading and ordered published this 15th day
of April, A.D. 2003, and to be presented for final passage on the 6th day of May, A.D. 2003.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 6th day of May, A.D. ;W3.
Ell!26 -W-
Mayor
ATTEST:
City Clerk