HomeMy WebLinkAbout026 - 03/02/2004 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND TIMBERLINE ROAD IMPROVEMENTS PROJEC ORDINANCE NO. 026, 2004
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND -
TIMBERLINE ROAD IMPROVEMENTS PROJECT TO BE USED FOR THE ENGINEERING
DESIGN OF TIMBERLINE ROAD FROM PROSPECT ROAD TO DRAKE ROAD
WHEREAS,traffic congestion at the intersection of Timberline Road and Prospect Road(the
"Intersection") is well below the City's level of service requirements with almost all legs and turn
movements failing during the morning and evening peak rush hours; and
WHEREAS,improvements for the Intersection are not a part of the any of the City's current
capital improvement programs,and funding for these improvements has not yet been identified;and
WHEREAS, Section 3.7.3.(D)(1)(b) of the City's Land Use Code requires that all
developments shall meet or exceed the transportation level of service standards contained in Part H
of the City of Fort Collins Multi-modal Transportation Level of Service Manual for motor vehicles,
bicycles, and pedestrians; and
WHEREAS, prior to any new development impacting the Intersection any level of service
deficiencies at the Intersection must be corrected; and
WHEREAS,currently,the development of two large parcels within a one-mile radius of the
Intersection is on hold due to the inadequate levels of service at the Intersection; and
WHEREAS, the developers of the aforementioned parcels (the James Company and the
Cumberland Group) have proposed privately funding the improvements needed to meet the
minimum levels of services at the Intersection necessary to allow development of their parcels; and
WHEREAS, the City received a petition from the James Company requesting that the
Council initiate proceedings for the creation of a special improvement district which would spread
the cost of the needed improvements among benefitted properties in the vicinity of the Intersection;
and
WHEREAS, on November 4, 2003,City Council adopted Resolution 2003-122,Accepting
a Property Owner Petition Regarding the Initiation of a Special Improvement District, Stating the
Need For, the Nature Of, and the Location of the Improvements to Be Made, Describing the Area
to Be Assessed for the Same,and Directing the Director for Community Planning and Environmental
Services to Prepare and Present to the City Council the Necessary Information for the Formation of
Said District; and
WHEREAS, the City has received a total of$100,000, from the James Company and the
Cumberland Group to be used to prepare plans,estimate of costs,and maps of the proposed special
improvement district in order to complete the engineering design of improvements along Timberline
Road; and
WHEREAS, upon completion of the engineering design in January 2005 City Council may
be asked to consider adoption of a resolution accepting the completed plans, approving an
assessment method, holding a public hearing, and creating a special improvement district by
ordinance adopting the creation of a special improvement district; and
WHEREAS, right of way acquisition is scheduled to be completed by October 2005, with
interim improvements to be constructed at an estimated cost of$2.3 million, in order to bring the
Intersection into compliance with minimal levels of service by the Fall of 2006; 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 combination with
all previous appropriations for that fiscal year does not exceed the current estimate of actual and
anticipated revenues to be received during the fiscal year; and
WHEREAS, City staff has determined that the appropriation of funds from unanticipated
revenue as described herein will not cause the total amount appropriated in the Capital Projects Fund
- Timberline Road Improvements Capital Project to exceed the current estimate of actual and
anticipated revenues to be received during any fiscal year; and
WHEREAS,it is the desire of the Council to appropriate the sum of$100,000,representing
contributions from two developers proposing development projects along Timberline Road, north
of Drake Road,in the Capital Projects Fund-Timberline Road Improvements Capital Project to be
used for the Engineering design of Timberline Road from Prospect Road to Drake Road.
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-Timberline Road Improvements capital project,the sum of ONE HUNDRED
THOUSAND DOLLARS ($100,000), in the form of contributions from two developers proposing
development projects along Timberline Road, north of Drake Road,to be used for the Engineering
design of Timberline Road from Prospect Road to Drake Road.
Introduced and considered favorably on first reading and ordered published this 17th day of
February, A.D. 2004, and to be presented for final passage on the 2nd da f March, A.D. 2004.
Mayor
ATTEST: (�
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City Clerk
Passed and adopted on final reading this 2nd day of March, A.D. 2004.
ayor
ATTEST:
City Clerk