HomeMy WebLinkAbout192 - 12/21/2004 - APPROPRIATING UNANTICIPATED REVENUE IN THE STREET OVERSIZING FUND AND AUTHORIZING THE TRANSFER OF AP ORDINANCE NO. 192, 2004
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE STREET OVERSIZING FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS FROM THE STREET
OVERSIZING FUND TO THE CAPITAL PROJECT FUND - DRAKE AND ZIEGLER ROAD
IMPROVEMENTS PROJECT, PHASE I
WHEREAS, City staff has designed the Drake and Ziegler Road Improvements Project,
Phase I (the "Project"), in conjunction with the Rigden Farm development; and
WHEREAS, increased traffic volumes anticipated as a result of the Sidehill Development
and the future Lifestyle Center at Harmony Road and Ziegler Road have created the need to begin
construction of the Project improvements on Drake Road from Timberline Road east to
Environmental Drive; and
WHEREAS, Project improvements include the installation of curb-and-gutter, sidewalks,
asphalt paving, bike lanes, and storm sewers in conjunction with the widening of Drake Road to a
minor arterial street standard and the construction of the Environmental Drive connection; and
WHEREAS, the Project improvements will be constructed in conjunction with the
construction of a new trunk sewer line by the City's Wastewater Utility, thereby, minimizing the
impact of road closures to motorists; and
WHEREAS, the estimated cost to construct improvements associated with the Project is
$1,343,752, with available funds identified as follows:
Street Oversizing Fund -Developer Contributions $ 443,752
Street Oversizing Fund- Existing Appropriations 900,000
Total $ 1,343,752
WHEREAS,upon completion of the bid process,the Project is scheduled to begin in March
2005, with final completion scheduled for June 2005; 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, 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
account 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 appropriation of the developer contributions
from Sidehill Development as described herein will not cause the total amount appropriated in the
Street Oversizing Fund budget 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 City Council to appropriate the sum of$443,752 from
developer contributions within the Street OversizingFund,fortransfer to the Capital Projects Fund-
Drake and Ziegler Road Improvements Project, and to authorize the transfer of existing
appropriations,totaling$900,000,in the Street Oversizing Fund to the Capital Projects Fund Drake
and Ziegler Road Improvements Project to be used to construct improvements on Drake Road from
Timberline Road, east to Environmental Drive.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from unanticipated revenue in the Street
Oversizing Fund, the sum of FOUR HUNDRED FORTY-THREE THOUSAND SEVEN
HUNDRED FIFTY-TWO DOLLARS ($443,752)for transfer to the Capital Projects Fund-Drake
and Ziegler Road Improvements Project, and appropriated therein, to be used to construct
improvements on Drake Road from Timberline Road, east to Environmental Drive.
Section 2. That the unexpended appropriated amount of NINE HUNDRED THOUSAND
DOLLARS ($900,000) is hereby authorized for transfer from the Street Oversizing Fund to the
Capital Projects Fund-Drake and Ziegler Road Improvements Project,and appropriated therein,to
be used to construct improvements on Drake Road from Timberline Road, east to Environmental
Drive.
Introduced, considered favorably on first reading, and ordered published this 7th day of
December,A.D.2004,and to be presented for final passage on the 21 st day of December,A.D.2004.
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City Clerk
Passed and adopted on final reading this 21st day of December, A.D. 2004.
Mayor
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City Clerk