HomeMy WebLinkAbout070 - 06/05/2007 - APPROPRIATING UNANTICIPATED REVENUE IN THE NEIGHBORHOOD PARKLAND FUNDTO RECORD THE TRANSFER OF REAL ORDINANCE NO. 070, 2007
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE NEIGHBORHOOD PARKLAND FUND
TO RECORD THE TRANSFER OF REAL
PROPERTY FROM THE NEIGHBORHOOD PARKLAND FUND
TO THE CAPITAL PROJECTS FUND -NORTH COLLEGE
AVENUE IMPROVEMENTS PROJECT
WHEREAS, on April 8, 1997, the voters of the City approved Ordinance No. 30, 1997(the
"Ordinance"), authorizing the imposition of a quarter cent sales and use tax for the purpose of
generating revenues to construct certain transportation projects described in the Building Community
Choices ("BCC") capital improvement program; and
WHEREAS, one such project approved for funding by the voters was the North College
Avenue Corridor Improvements, Phase I (the "Project"); and
WHEREAS, the scope of the Project as outlined in the Ordinance called for the phased
construction of improvements to enhance the safety of pedestrians and vehicles on North College
Avenue between Jefferson Street to Vine Street,and included the addition of sidewalks,bike lanes,
access and drainage improvements; and
WHEREAS,in addition to the BCC capital improvement program funding,Project funding
also included Colorado Department of Transportation ("CDOT") Congestion Mitigation & Air
Quality("CMAQ") funds, and a transfer from the City's Transportation Services Fund; and
WHEREAS, as part of the project, a public access road to and from Willow Street was
constructed just east of two businesses at 400 and 410 North College Avenue to minimize the access
points along North College Avenue; and
WHEREAS, the aforementioned public access road was constructed on 11,011 square feet
of the Old Fort Collins Heritage Park(the Northside Aztlan Community Center site)just west of the
Burlington Northern & Santa Fe railroad tracks; and
WHEREAS,to complete the Project,an additional 3,974 square feet of the Old Fort Collins
Heritage Park is to be conveyed to the adjacent property owner at 400 North College Avenue,
pursuant to Ordinance No. 069, 2007; and
WHEREAS, the total estimated value of the aforementioned two parcels of the Old Fort
Collins Heritage Park land used to complete the Project is $5,545; and
WHEREAS, adequate funds exist in the Project for the purpose of reimbursing the
Neighborhood Parkland Fund for the loss of the two parcels of neighborhood parkland property that
are being transferred or conveyed in conjunction with the completion of the Project; 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 current estimate of actual and anticipated
revenues to be received during the fiscal year; and
WHEREAS, City staff has determined that the appropriation of transferred funds ($5,545)
from the Capital Projects Fund -North College Avenue Improvements project will not cause the
total amount appropriated in the Neighborhood Parkland Fund to exceed the current estimate of
actual and anticipated revenues to be received during the fiscal year; and
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WHEREAS, it is the desire of the Council to appropriate the sum of$5,545, in transferred
funds from the Capital Projects Fund - North College Avenue Improvements project, into the
Neighborhood Parkland Fund,as reimbursement forproperty transferred to the Capital Projects Fund
-North College Avenue Improvements project, to be used for purposes associated with providing
neighborhood parks.
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
Neighborhood Parkland Fund, the sum of FIVE THOUSAND FIVE HUNDRED FORTY-FIVE
DOLLARS ($5,545), in transferred funds from the Capital Projects Fund -North College Avenue
Improvements project, to be used for purposes associated with providing neighborhood parks.
Introduced and considered favorably on first reading and ordered published this 15th day of
May,A.D. 2007, and to be presented for final passage on h day of June, A.D. 200 .
Mayor
ATTEST:
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Cola
City Clerk
-2-
Passed and adopted on final reading this 5th day of A.D. 2007.
Mayor
ATTEST:
City Clerk
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