HomeMy WebLinkAbout122 - 08/17/1999 - APPROPRIATING PRIOR YEAR RESERVES FOR THE MASON STREET TRANSPORTATION CORRIDOR CAPITAL PROJECT ORDINANCE NO. 122, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE SALES AND
USE TAX FUND FOR TRANSFER TO THE BUILDING COMMUNITY CHOICES
STREETS AND TRANSPORTATION CAPITAL PROJECTS FUND
AND APPROPRIATING FUNDS THEREIN FOR THE MASON STREET
TRANSPORTATION CORRIDOR CAPITAL PROJECT
WHEREAS,on April 8, 1997,the voters of the City of Fort Collins approved Ordinance No.
20, 1997, extending a 0.25 cent sales and use tax to finance the Building Community Choices
Capital Improvement Plan for streets and transportation projects; and
WHEREAS, one of the transportation projects approved for funding is the Mason Street
Transportation Corridor(the "Corridor"); and
WHEREAS, the Corridor project is needed to create a facility dedicated to the north/south
flow of bicycles, buses, and pedestrians, and the initial phase of the project includes acquiring the
right to use the corridor right-of-way, creating a detailed corridor plan and the design of a multi-
modal transportation facility, and constructing a bikeway from Prospect Road, south to Harmony
Road; and
WHEREAS, on December 14, 1998, the City entered into an agreement with Balloffet&
Associates, Inc. (`Balloffet") for the planning, engineering/design of the Corridor; and
WHEREAS, to complete the Corridor design, the scope of work for Balloffet needs to be
amended to include a detailed user origin and destination study for the Corridor; and
WHEREAS, amending the original scope of work as presented to Balloffet will cost
$253,848, and all but $127,000 of this amount is available from existing appropriations in the
Building Community Choices Streets and Transportation Capital Projects Fund, Mason Street
Transportation Corridor capital project; and
WHEREAS, funds are available from the excess sales and use tax revenues collected in
1998; and
WHEREAS, the aforementioned excess revenues are in the prior year reserves of the Sales
and Use Tax Fund; 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 the purpose for which the transferred funds are
to be expended remains unchanged; and
WHEREAS, it is the desire of the Council to appropriate$328,103 from prior year reserves
in the Sales and Use Tax Fund for transfer to the Building Community Choices Streets and
Transportation Capital Projects Fund,and appropriate$127,000 of said amount in the Mason Street
Corridor capital project.
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 Sales and Use
Tax Fund the sum of THREE HUNDRED TWENTY-EIGHT THOUSAND ONE HUNDRED
THREE DOLLARS ($328,103), for transfer to the Building Community Choices Streets and
Transportation Capital Projects Fund.
Section 2. That there is hereby appropriated for expenditure from revenue transferred
to the Building Community Choices Streets and Transportation Capital Projects Fund,from the Sales
and Use Tax Fund,the sum of ONE HUNDRED TWENTY-SEVEN DOLLARS ($127,000)to be
used for the Mason Street Transportation Corridor capital project.
Introduced, considered favorably on first reading, and ordered published this 3rd day of
August, A.D. 1999, and to be presented for final passage on the 17th day of August, A.D. 1999.
Mayor
ATTEST:
' �I-�d ,s
City Clerk « �� ��L17
Passed and adopted on final reading this 17th day of August, A.D. 1999.
Mayor
ATTEST:
City Clerk