HomeMy WebLinkAbout092 - 06/15/1999 - APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND AND AUTHORIZING THE TRANSFER OF APPR ORDINANCE NO. 92, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN FUNDS
FOR THE PURPOSE OF CONSTRUCTING IMPROVEMENTS
AT THE HORSETOOTH ROAD AND MASON STREET INTERSECTION
WHEREAS, the intersection of Horsetooth Road and Mason Street is currently at level of
service F, which indicates severe delays to traffic during peak hours; and
WHEREAS, City staff has been working on the design plans for improvements to the
aforementioned intersection at Horsetooth Road and Mason Street (the "Project") including the
construction of a southbound right turn lane onto Mason Street from Horsetooth Road, attached
sidewalk, storm sewer improvements, and pedestrian crosswalks; and
WHEREAS,the estimated cost ofthe Project is$261,077,and funds are available in the form
of existing appropriations,totaling$124,327 in the Minor Streets capital project within the Capital
Projects Fund, $35,000 in the Pedestrian Accessibility capital project within the Capital Projects
Fund, $5,000 from the Transportation Services Fund, and $96,750 from prior year reserves in the
Street Oversizing Fund; and
WHEREAS, upon completion of the bid process, the Project would begin in the summer of
1999, with final completion and landscaping scheduled for Fall of 1999; 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 purpose for which the transferred funds
are to be expended remains unchanged; and
WHEREAS, it is the desire of the City Council to appropriate $96,750 from prior year
reserves in the Street Oversizing Fund and authorize the transfer of said amount, as well as $5,000
from the Transportation Services Fund and$35,000 from the Pedestrian Accessibility capital project
within the Capital Projects Fund to the Capital Projects Fund, Minor Streets capital project, to be
used with existing appropriations, totaling $124,327, to construct improvements at the intersection
of Horsetooth Road and Mason Street.
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 Street Oversizing
Fund, the sum of NINETY-SIX THOUSAND SEVEN HUNDRED FIFTY DOLLARS ($96,750)
and authorized for transfer to the Capital Projects Fund, Minor Street Capital Project to be used to
construct improvements at the intersection of Horsetooth Road and Mason Street.
Section. 2. That the unexpended appropriated amount of THIRTY-FIVE THOUSAND
DOLLARS ($35,000) is hereby authorized for transfer from the Pedestrian Accessibility Capital
Project within the Capital Projects Fund to the Capital Projects Fund,Minor Streets Capital Project
to be used to construct improvements at the intersection of Horsetooth Road and Mason Street.
Section. 3. That the unexpended appropriated amount of FIVE THOUSAND DOLLARS
($5,000)is hereby authorized for transfer from the Transportation Services Fund,Traffic Operations
budget, to the Capital Projects Fund, Minor Streets Capital Project to be used to construct
improvements at the intersection of Horsetooth Road and Mason Street.
Introduced and considered favorably on first reading and ordered published this 1 st day of
June, A.D. 1999, and to be presented for final passage on the 15th day of June, A.D. 1999.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 15th day of.Tune, A.D. 1999.
Mayor
ATTEST:
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City Clerk