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HomeMy WebLinkAbout011 - 02/05/2002 - APPROPRIATING UNANTICIPATED REVENUE IN THE BUILDING COMMUNITY CHOICES EPIC SECOND SHEET OF ICE CAPIT ORDINANCE NO. 011, 2002 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE BUILDING COMMUNITY CHOICES EPIC SECOND SHEET OF ICE CAPITAL PROJECT AND AUTHORIZING THE PROJECT TO PROCEED WHEREAS, on April 8, 1997, the voters of the City approved Ordinance No. 31, 1997, authorizing the imposition of a quarter cent sales and use tax for the purpose of generating revenues to construct certain capital projects described in the"Building Community Choices"("BCC")capital improvement program; and WHEREAS, one such project approved for funding by the voters was the construction of a studio ice rink (the "Studio Ice Rink") at the Edora Pool & Ice Center ("EPIC"); and WHEREAS,Ordinance No. 31, 1997,requires that the proposed ice rink be smaller than the existing EPIC ice arena, and requires that it be added to enhance the EPIC facility to provide more ice time for programs such as the City's leam-to-skate program, figure skating, youth and adult hockey, and drop-in skating; and WHEREAS, pursuant to Ordinance No. 31, 1997, the construction of the EPIC Studio Ice Rink Project is expressly contingent upon a determination by the City Council that the City has received supplemental funding, or in-kind contributions, for such project from the private sector, having a value of at least 22%of the estimated cost of the project as determined by the City Council, and upon a further determination by the City Council as to whether to proceed with said project,after receiving a report and recommendation to proceed from the City Manager and the City's Financial Officer, no later than December 31, 2005; and WHEREAS,Twice the Ice,a private fundraising group,is providing the City with$865,136, received through fundraising, in-kind contributions, and advertising proceeds and interest earned through the sale of advertising on the dasher boards at EPIC; and WHEREAS, the proposed Studio Ice Rink, which consists of a 32,302 square foot, arena- sized sheet of ice and supporting facilities built as an addition to the existing EPIC facility (which has a 34,305 square foot ice arena), will provide more ice time for programs such as the City's learn-to-skate program, figure skating, youth and adult hockey, and drop-in skating; and WHEREAS, the new addition will make use of existing staff and infrastructure for administration, operation, programming, and maintenance; and WHEREAS, on November 20, 2001, City Council adopted Ordinance No. 197, 2001 (the City's 2002 Adopted Budget), which included an appropriation of$3,273,801 from BCC sales and use tax proceeds for the construction of the second sheet of ice at EPIC; and WHEREAS,the City's 78%share from the aforementioned BCC funds($3,067,299)and the private sector contribution of$865,136 allows for a total estimated project cost of$3,932,435; 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, do 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 private sector contributions to be added with the previously appropriated BCC funds, 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 City Manager and Financial Officer have determined that all conditions set forth in Ordinance No. 31, 1997, for the construction of the Studio Ice Rink have been met, and recommend that the City Council make the necessary determinations to allow said construction to proceed, including the appropriation of the sum of$865,136 in private sector contributions and earnings thereon in the Building Community Choices EPIC Second Sheet of Ice capital project to be used with existing appropriations to construct a studio ice rink facility at EPIC. NOW, THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby determines that the total estimated cost of the Studio Ice Rink is Three Million Nine Hundred Thirty-Two Thousand, Four Hundred and Thirty Five Dollars ($3,932,435.00). Section 2. That the City Council hereby determines that the City has received supplemental funding, or in-kind contributions, for the Studio Ice Rink from the private sector, having a value of at least 22% of the estimated cost of the project. Section 3. That the City Council hereby further determines that all conditions set forth in Ordinance No. 31, 1997,for the construction of the Studio Ice Rink have been met, and finds that construction of the Studio Ice Rink may proceed in accordance therewith. Section 4. That there is hereby appropriated for expenditure from unanticipated revenue in the Building Community Choices EPIC Second Sheet of Ice capital project the sum of EIGHT HUNDRED SIXTY-FIVE THOUSAND ONE HUNDRED THIRTY-SIX DOLLARS ($865,136) from private sector contributions and interest earnings thereon to be used with existing appropriations to construct a studio ice rink facility at EPIC. Introduced and considered favorably on first reading and ordered published this 15th day of January, A.D. 2002, and to be presented for final passage on the 5th day of February, A.D. 2002. s Mayor ATTEST: s City Clerk Passed and adopted on final reading this 5th day of February, A.D. 2002. Mayor ATTEST: City Clerk X.