HomeMy WebLinkAbout015 - 03/05/2002 - APPROPRIATING PRIOR YEAR RESEVES AND UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIA ORDINANCE NO. 015, 2002
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND
AND UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN FUNDS
FOR THE CONSTRUCTION OF IMPROVEMENTS ON KECHTER ROAD
WHEREAS,improvements are needed at Kechter Road from Ziegler Road to Strauss Cabin
Road, including the intersection of Kechter Road and Ziegler Road, in order to mitigate the traffic
impacts resulting from the increased development in this area, including the construction of an
elementary school,construction of residential developments,park site acquisition,and the imminent
construction of a new high school on a nearby parcel adjacent to Kechter Road; and
WHEREAS, City staff has been working on the design plans for the widening of Kechter
Road to arterial standards with curb, gutter, sidewalks, and paving, and including the construction
of a box culvert to replace the existing corrugated metal pipe crossing at the McClelland Channel,
and intersection improvements at Kechter Road and Ziegler Road, including the addition of right
turn lanes and the installation of underground facilities for future signalization (the "Project"); and
WHEREAS, the estimated cost of the Project is $5,347,660, and funds totaling$1,062,315
are being appropriated and authorized for transfer to the Project via Ordinance No. 30, 2002; and
WHEREAS, the remaining Project funds,totaling$4,285,345,have been identified and are
available from the following sources:
Street Oversizing Fund - Prior Year Reserves $ 2,841,169
Neighborhood Parkland Fund -Existing Appropriations 73,820
Poudre R-1 School District $178,913
Fossil Lake Estates Subdivision 726,765
Willow Brook P.U.D. 464,678
Total $ 4,285,345
WHEREAS, upon completion of the bid process, the Project is expected to begin in the
spring of 2002, with final completion and landscaping scheduled for summer of 2002; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the "Charter")
permits the 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 9, of the Charter also permits the Council to make
supplemental appropriations by ordinance at any time during the fiscal year, provided that the total
amount of such supplemental appropriations,in conjunction with all previous appropriations for that
fiscal year, do not exceed the current estimate of actual and anticipated revenues to be received
during the fiscal year; and
WHEREAS, Article V, Section 10, of the Charter authorizes the 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, City staff has determined that the requested appropriations will not cause the
total amount appropriated in the relevant funds to exceed the current estimate of actual and
anticipated revenues to be received during the fiscal year; and
WHEREAS,the purpose for which the previously appropriated funds in the Neighborhood
Parkland Fund were initially appropriated remains the same,and the City Manager has recommended
that said unspent and unencumbered funds be transferred into the Capital Projects Fund - Kechter
Road Improvements project and that such funds be earmarked for expenditures associated with the
proposed Kechter Road improvements; and
WHEREAS,it is the desire of the Council to appropriate$2,841,169 from prior year reserves
in the Street Oversizing Fund and authorize the transfer of said amount to the Capital Projects Fund-
Kechter Road Improvements project, for appropriation therein, and to appropriate $1,370,356 in
unanticipated revenue in the Capital Projects Fund - Kechter Road Improvement project,
representing contributions from Poudre R-1 School District ($178,913), Fossil Lake Estates
Subdivision ($726,765), and Willow Brook P.U.D. ($464,678), and to authorize the transfer of
existing appropriations in the Neighborhood Parkland Fund - Staley Neighborhood Park project,
totaling $73,820, to the Capital Projects Fund- Kechter Road Improvement project to be used for
expenditures associated with the proposed Kechter Road improvements.
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 for transfer to the Capital Projects Fund-Kechter Road Improvements project and
appropriated therein the sum of TWO MILLION EIGHT HUNDRED FORTY-ONE THOUSAND
ONE HUNDRED SIXTY-NINE DOLLARS ($2,841,169) to be used for expenditures associated
with the proposed Kechter Road improvements.
Section 2. That the unexpended appropriated amount of SEVENTY-THREE THOUSAND
EIGHT HUNDRED TWENTY DOLLARS ($73,820) is hereby authorized for transfer from the
Neighborhood Parkland Fund - Staley Neighborhood Park project to the Capital Projects Fund -
Kechter Road Improvements project and appropriated therein to be used for expenditures associated
with the proposed Kechter Road improvements.
Section 3. That there is hereby appropriated for expenditure from unanticipated revenue in
the Capital Project Fund-Kechter Road Improvements project,the sum of ONE MILLION THREE
HUNDRED SEVENTY THOUSAND THREE HUNDRED FIFTY-SIX DOLLARS ($1,370,356)
representing a contributions from Poudre R-1 School District ( $178,913), Fossil Lake Estates
Subdivision($726,765),and Willow Brook P.U.D.($464,678)to be used for expenditures associated
with the proposed Kechter Road improvements.
Introduced and considered favorably on first reading and ordered published this 5th day of
February, A.D. 2002, and to be presented for final passage on the 5th day of March, A.D. 2002.
l
Mayor
AT EST:
City Clerk
Passed and adopted on final reading this 5th day of March, A.D. 2002.
Mayor
ATTEST:
City Clerk