HomeMy WebLinkAbout007 - 02/05/2002 - APPROPRIATING UNANTICIPATED REVENUE IN THE OPEN LANDS FUND FOR REIMBURSEMENT TOWARD THE PURCHASE PRI ORDINANCE NO. 007, 2002
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
OPEN LANDS FUND FOR REIMBURSEMENT TOWARD
THE PURCHASE PRICE OF THE SAUER PROPERTY OPEN SPACE AND THE UTE
FARM AND ONE PUTT PORTIONS OF THE LONG VIEW FARM OPEN SPACE
WHEREAS, the City of Fort Collins has been working with Latimer County since 1994
to preserve significant areas of open land between Fort Collins and Loveland; and
WHEREAS, in 1997, the City of Fort Collins, together with Latimer County and the City
of Loveland, purchased approximately 478.5 acres of land located west of College Avenue and
south of County Road 32, referred to as the Ute Farm and One Putt portions of the Long View
Farm Open Space; and
WHEREAS, in 2000, the City of Fort Collins, together with Latimer County and the City
of Loveland, purchased approximately 785 acres of land located south of Fort Collins and west
of Taft Hill Road, abutting the southern portion of the Coyote Ridge Natural Area, referred to as
the Sauer Property Open Space; and
WHEREAS, Larimer County, on behalf of the City of Fort Collins and the City of
Loveland, was awarded a $400,000 grant from the Board of the Great Outdoors Colorado Trust
Fund (GOCO) to assist with the acquisition of the Long View Farm Open Space parcels; and
WHEREAS, the City of Fort Collins share of the aforementioned GOCO grant, based on
its percentage of ownership of the property, was $133,320; and
WHEREAS, the City of Fort Collins was awarded a $500,000 grant from the Board of
the Great Outdoors Colorado Trust Fund to assist with the acquisition of the Sauer Property
Open Space; and
WHEREAS, the City of Fort Collins used proceeds representing its share of the county-
wide 0.25 cent sales and use tax dedicated towards open space, natural areas, wildlife habitat,
and parks and trails for its share of the Long View Farm Open Space acquisitions in 1997 and
the Sauer Property Open Space in 1998; and
WHEREAS, the City received, in 2001, $133,320 for the Long View Farm Open Space
acquisition, and $500,000 for the Sauer Property Open Space acquisition, representing
reimbursement for the City's share of the proceeds from the aforementioned GOCO grants; and
WHEREAS, the funds received from the Great Outdoors Colorado grants will be
appropriated in the City's Open Lands Fund where said appropriations will be available for the
acquisition and development of open space, trails, and natural areas as identified in the Natural
Areas Policy Plan and City Plan; 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 GOCO grant receipts in
the amount of $633,320 will not cause the total amount appropriated from the relevant fund 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 for expenditure from unanticipated revenue in
the Open Lands Fund, the sum of SIX HUNDRED THIRTY-THREE THOUSAND THREE
HUNDRED TWENTY DOLLARS ($633,320), upon receipt from the Great Outdoors Colorado
Trust Fund to be used for the acquisition and development of open space, trails, and natural
areas.
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.
Mayor
AST:
-4w" A -
City Clerk
Passed and adopted on final reading this 5th day
yooffFebruary, A.D. 2002.
Mayor
ATTEST:
0
City Clerk