HomeMy WebLinkAbout117 - 08/03/1999 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND TO BE USED FOR THE DOWNTOWN INTERSE ORDINANCE NO. 1 t7, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE CAPITAL PROJECTS FUND TO BE USED
FOR THE DOWNTOWN INTERSECTION RENOVATION PROJECT
WHEREAS, several of the intersections in the downtown area within the General
Improvement District No. 1 along College Avenue are in need of repair,reconstruction, and capital
improvements in order to enhance and otherwise improve the downtown area; and
WHEREAS, City staff members in the Parks and Engineering Departments have been
working on design plans for improvement to the aforementioned section of College Avenue (the
"Project")including reconstruction of the roadway,curb,gutter,sidewalks,bus stops, street pavers,
and other miscellaneous improvements adjacent to the intersections; and
WHEREAS, upon completion of the design process for the Project, the staff expects to
finance improvements over a period of time not to exceed twenty (20) years; 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, do not exceed the then current estimate of actual and anticipated
revenues to be received during the fiscal year; and
WHEREAS, it is the desire of the Council to appropriate unanticipated revenue, in the form
of a transfer from the General Improvement District No. 1,totaling$l 62,355 in the Capital Projects
Fund, Downtown Intersection Renovation capital project.
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
Capital Projects Fund, Downtown Intersection Renovation capital project, the sum of ONE
HUNDRED SIXTY-TWO THOUSAND THREE HUNDRED FIFTY-FIVE($162,355),contingent
upon City Council, acting as the Board of Directors of the General Improvement District No. 1,
authorizing a transfer of such amount from the General Improvement District No. 1, to be used for
design and engineering work associated with the reconstruction and renovation of intersections in
the downtown area along College Avenue.
Introduced and considered favorably on first reading and ordered published this 20th day of
July, A.D. 1999, and to be presented for final passage on the 3rd day of August, A.D. 1999.
Mayor
ATTEST:
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City Clerk
Passed and adopted on final reading this 3rd day of August, A.D. 1999.
Mayor L_
ATTEST:
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City Clerk ����f �a��h�