HomeMy WebLinkAbout076 - 06/04/2002 - APPROPRIATING UNANTICIPATED REVENUE IN THE GENERAL FUND FOR THE DOWNTOWN STRATEGIC PLAN ORDINANCE NO. 076, 2002
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE GENERAL FUND
FOR THE DOWNTOWN STRATEGIC PLAN
WHEREAS, the City Council approved one-time funding with the 2002 budget for a
Strategic Plan for Downtown Fort Collins; and
WHEREAS, the overall purpose of the Downtown Strategic Plan is to identify key critical
issues and recommendations relating to the vision of the Downtown; and
WHEREAS,the vision for the Downtown as stated in the City Plan is "The Downtown will
be the community's primary activity center for government,office,finance,culture,entertainment,
and specialty retail uses"; and
WHEREAS, the Downtown Strategic Plan project is jointly funded by the City of Fort
Collins and the Downtown Business Association for a total amount of $425,000, with future
participation by the Downtown Development Authority anticipated; and
WHEREAS, the funding sources for the project areas follows: $100,000 approved in the
2002 Budget, $12,000 from Advance Planning Department, $14,000 from the Transportation
Department, $14,000 from General Fund available appropriations, $10,000 from the Downtown
Business Association,and an anticipated reimbursement in the amount of$275,000 from Downtown
Development Authority tax increment revenues, subject to Council approval of a tax increment
financing transaction later this year; and
WHEREAS,all of the Downtown Strategic Plan project funds have been appropriated except
the Downtown Business Association funds; and
WHEREAS, $10,000 has been received from the Downtown Business Association; 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,does not exceed the then current estimate of actual and anticipated
revenues to be received during the fiscal year; and
WHEREAS, City staff has determined that the appropriation of the Downtown Business
Association funds as described herein will not cause the total amount appropriated in the relevant
funds to exceed the current estimate of actual and anticipated revenues to be received in that fund
during any fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue in the General Fund the sum
of TEN THOUSAND DOLLARS ($10,000) for expenditure in the Advance Planning Department
in the General Fund for the Downtown Strategic Plan project.
Introduced, considered favorably on first reading, and ordered published this 21 st day of
May, A.D. 2002, and to be presented for final passage on the 4th day of June, A.D. 2002.
Mayor p«Tem
ATTEST:
s
City Clerk
Passed and adopted on final reading this 4th day of June, A.D. 2002.
Mayor
ATTEST:
City Clerk