HomeMy WebLinkAbout051 - 05/05/1992 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE SHIELDS, DAVIDSON TO CASA G ORDINANCE NO. r
-,111 1992
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND FOR THE
SHIELDS, DAVIDSON TO CASA GRANDE PROJECT
WHEREAS, Article V, Section 14, of the Charter of the City of Fort Collins
(the "Charter") authorizes the City Council to appropriate by ordinance
unanticipated revenue received from new revenue sources at any time during the
budget year; and
WHEREAS, the developer for the Kinder Care site at 1100 Rocky Mountain Way
entered into a Development Agreement with the City of Fort Collins for the
improvement of a 127-foot section of Shields Street adjacent to the Kinder Care
site; and
WHEREAS, in accordance with the aforementioned agreement, the developer
agreed to pay the cost of the street improvements adjacent to the Kinder Care
site at the time of construction; and
WHEREAS, said improvements have been completed in conjunction with the
Choices 95 capital project, Shields, Davidson to Casa Grande; and
WHEREAS, the City has received NINE THOUSAND NINE HUNDRED SEVENTY-SIX
DOLLARS ($9,976), representing the developer's share of the improvement costs;
and
WHEREAS, the City plans to complete the Shields, Davidson to Casa Grande
project this summer, and wishes to apply any project savings to other capital
projects.
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, the sum of NINE THOUSAND NINE HUNDRED SEVENTY-SIX
DOLLARS ($9,976) to be used with previously appropriated funds for the Choices
95 Shields, Davidson to Casa Grande capital project.
Introduced, considered favorably on first reading, and ordered published
this 21st day of April , A.D. 1992, and to be considered for final passage on the
5th day of May, A.D. 1992.
I c
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Mayor
ATTEST:
City Clerk
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Passed and adopted on final reading this 5th day of May, A.D. 1992.
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Mayor
ATTEST:
City Clerk