HomeMy WebLinkAbout022 - 03/02/1999 - APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN THE STORM ORDINANCE NO. 22, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS
BETWEEN THE STORM DRAINAGE, FUND DRY CREEK
IMPROVEMENTS PROJECT AND TI IF STORM DRAINAGE FUND
COLORADO WATER CONSERVATION BOARD GRANT
WHEREAS, an Intergovernmental Agreement ("IGA") with Larimer County entitled
"Intergovernmental Agreement for Stormwater Cooperation" provides for the City and the County
to share in the costs to form a Local Improvement District ("LID") within the Dry Creek Basin to
intercept flood flows north of the City and divert those flows to the Poudre River west of College
Avenue; and
WHEREAS, pursuant to the IGA, the County intends to form the LID for the purpose of
paying for Dry Creek Flood Diversion Project Improvements (the "Improvements"); and
WHEREAS, staff applied for a grant from the Colorado Water Conservation Board
("CWCB") to be used for engineering services to determine accurate estimates for the cost of the
Improvements; and
WHEREAS, the CWCB recently awarded the grant amounting to $52,689 to the City to be
used for this purpose; and
WHEREAS, the amount required for matching funds for the grant is $17,562; and
WHEREAS, when the LID is formed, monies expended by the City and County in the
formation of the LID will be reimbursed by the LID:. and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the "Charter")
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 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 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.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated thr expenditure from unanticipated revenue the
sum of FIFTY TWO THOUSAND SIX HUNDRED EIGHTY NINE DOLLARS ($52,689) from
the CWCB in the Storm Drainage Fund- Colorado Water Conservation Board Grant to be used for
the Dry Creek Flood Diversion Project.
Section 2. That previously appropriated funds in the amount of SEVENTEEN THOUSAND
FIVE-HUNDRED SIXTY-TWO DOLLARS ($17,562)are hereby authorized for transfer from the
Storm Drainage Fund-Dry Creek Basin Improvements Proj ect to the Colorado Water Conservation
Board Grant for the Dry Creek Flood Diversion Project.
Introduced, considered favorably on first reading, and ordered published this 1 day of
February, A.D. 1999, and to be presented on final passage on the 2nd Oy of March, A.D 1999.
avor
ATTEST:
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City Clerk
Passed and adopted on final reading this 2nd day ot,MaI. A.D. I q99.
✓� / �7
ATTEST: /
City Clerk