HomeMy WebLinkAbout002 - 02/05/2008 - APPROPRIATING UNANTICIPATED REVENUE IN THE STREET OVERSIZING FUND FOR TRANSFER TO THE CAPITAL PROJEC ORDINANCE NO. 002, 2008
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE STREET OVERSIZING FUND
FOR TRANSFER TO THE CAPITAL PROJECTS FUND - HARMONY ROAD AND
ZIEGLER ROAD IMPROVEMENTS - FRONT RANGE VILLAGE DEVELOPMENT
CAPITAL PROJECT AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS
BETWEEN FUNDS TO CONSTRUCT SIDEWALK IMPROVEMENTS ON THE NORTH
SIDE OF HARMONY ROAD FROM ZIEGLER ROAD TO LADY MOON DRIVE
WHEREAS, staff has been working on sidewalk improvements along Harmony Road to
support pedestrian accessibility and enhance transit services along the Harmony Transfort route;and
WHEREAS,staffhas been working with Avago Corporation and Hewlett Packard Company,
as adjacent property owners, to construct an eight-foot wide sidewalk along the north side of
Harmony Road from Ziegler Road to Lady Moon Drive, spanning approximately 3,900 linear feet;
and
WHEREAS, the estimated cost to construct the aforementioned section of sidewalk along
Harmony Road, adjacent to the Avago Corporation and Hewlett Packard Company properties, is
$267,294; and
WHEREAS, staff recommends funding these sidewalk improvements using the following
sources:
Developer Contribution- Avago Corporation $ 30,324
Developer Contribution - Hewlett Packard Company 32,462
Existing Appropriations - City's Street Oversizing Fund 204,508
Total $ 267,294
and;
WHEREAS, constructing these sidewalk improvements at the same time as other City
roadway improvements associated with the Front Range Village Development along Harmony Road
will allow the City to take advantage of economies of scale and create savings in construction costs;
and
WHEREAS,staff plans to construct the proposed sidewalk improvements beginning in May
of this year with a scheduled completion date in July; 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, staff has determined that the appropriation of developer contributions from
Avago Corporation ($30,324) and Hewlett Packard Company ($32,462) will not cause the total
amount appropriated in the Capital Projects Fund-Harmony Road and Ziegler Road Improvements
- Front Range Village Development capital project to 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; and
WHEREAS, in order to construct sidewalk improvements on the north side of Harmony
Road from Ziegler Road to Lady Moon Drive, it is the desire of City Council to: (a)appropriate the
sum of$62,786, in the form of developer contributions from Avago Corporation ($30,324) and
Hewlett Packard Company ($32,462) in the Capital Projects Fund - Harmony Road and Ziegler
Road Improvements - Front Range Village Development capital project; and (b) authorize the
transfer of$204,508 from the Street Oversizing Fund to the Capital Projects Fund- Harmony Road
and Ziegler Road Improvements - Front Range Village Development capital project for
appropriation therein.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated revenue
in the Capital Projects Fund-Harmony Road and Ziegler Road Improvements-Front Range Village
Development capital project,the sum of SIXTY-TWO THOUSAND SEVEN HUNDRED EIGHTY-
SIX DOLLARS($62,786),representing developer contributions from Avago Corporation($30,324)
and Hewlett Packard Company($32,462) for the purpose of constructing sidewalk improvements
on the north side of Harmony Road from Ziegler Road to Lady Moon Drive.
Section2. That the unexpended and unencumbered appropriated amount of TWO
HUNDRED FOUR THOUSAND FIVE HUNDRED EIGHT DOLLARS ($204,508) is hereby
authorized for transfer from the Street Oversizing Fund to the Capital Projects Fund - Harmony
Road and Ziegler Road Improvements - Front Range Village Development capital project for
appropriation therein for the purpose of constructing sidewalk improvements on the north side of
Harmony Road from Ziegler Road to Lady Moon Drive.
Introduced, considered favorably on first reading, and ordered published this 15th day of
January, A.D. 2008, and to be presented for final passage on th day of February, A 2008.
Mayo
ATTEST:
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City Clerk
Passed and adopted on final reading on the 5th day of F ru A.D. 200&
Mayor
ATTEST:
City Clerk
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