HomeMy WebLinkAbout019 - 02/20/2007 - APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND FOR TRANSFER TO THE CAPITAL PROJECTS ORDINANCE NO. 019, 2007
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES
IN THE STREET OVERSIZING FUND FOR TRANSFER
TO THE CAPITAL PROJECTS FUND -- DRAKE
AND ZIEGLER ROAD IMPROVEMENTS PROJECT, PHASE II
WHEREAS,Phase I of the Drake Road and Ziegler Road Improvements Project resulted in
the construction of improvements to Drake Road, from Timberline east to Environmental Drive,
including the widening of Drake Road to minor arterial street standards, and the construction of the
Environmental Drive connection; and
WHEREAS, the aforementioned improvements, constructed in 2005, included the
installation of curb-and-gutter, sidewalks, asphalt paving, bike lanes, and storm sewers; and
WHEREAS,Phase II of the Drake Road to Ziegler Road Improvements Project will include
relocating a portion of the Fossil Creek Reservoir Inlet Ditch("FCRID")to accommodate the arterial
roadway, constructing a bridge over the the FCRID, and constructing an outfall channel from the
existing Rigden Pond (Pond 261) to the Poudre River(the"Project'); and
WHEREAS,the estimated cost of the drainage improvements associated with the Project is
$1,844,806; and
WHEREAS, on October 17, 2006, City Council adopted Ordinance No. 154, 2006,
appropriating unanticipated revenue,in the form ofdeveloper contributions totaling$909,438,which
allowed Project engineering to be undertaken and bid documents for the Project to be prepared; and
WHEREAS,additional appropriations needed($1,844,806)to complete construction of Phase
II of the Drake Road to Ziegler Road Improvements Project, are available in the form of prior year
reserves in the Street Oversizing Fund; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the"Charter")
permits the City Council to appropriate by ordinance at anytime during the fiscal year such funds for
expenditure as maybe available from reserves accumulated in prior years,notwithstanding that such
reserves were not previously appropriated; and
WHEREAS,it is the desire of the City Council to appropriate prior year reserves in the Street
Oversizing Fund, totaling$ 1,844,806, for transfer to the Capital Projects Fund- Drake and Ziegler
Road Improvements,Phase II capital project,for appropriation,to construct drainage improvements
to Drake and Ziegler Roads.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from prior year reserves in the Street Oversizing Fund,
the sum of ONE MILLION EIGHT HUNDRED FORTY-FOUR THOUSAND EIGHT HUNDRED
SIX DOLLARS ($ 1,844,806) for transfer to the Capital Projects Fund - Drake and Ziegler Road
Improvements Project, Phase II, and appropriated therein, to be used to construct drainage
improvements to Drake and Ziegler Roads.
Introduced, considered favorably on first reading, and ordered published this 6th day of
February,A.D. 2007, and to be presented for final passage Z"Owl'ele
i day of February,A.D. 2007.
Mayo
ATTEST:
1
City Clerk
Passed and adopted on final reading on the 20th day of F ruary, A.D. 2007.
May Ur
ATTEST:
City Clerk