HomeMy WebLinkAbout099 - 09/18/2007 - APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE GENERAL FUND FOR THE LANDMARK REHABILITATION LOAN P ORDINANCE NO. 099, 2007
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE
GENERAL FUND FOR THE LANDMARK REHABILITATION LOAN PROGRAM
WHEREAS,the City of Fort Collins has been awarded a grant in the amount of$24,000(the
"Grant") from the Colorado Historical Society for the rehabilitation of historic commercial
properties; and
WHEREAS, the City's Landmark Rehabilitation Loan Program provides funds for the
rehabilitation of local historic landmarks and a portion of these funds is typically spent on
commercial properties; and
WHEREAS,property owners who are awarded Loan Program funds are required to provide
at least 50% in matching funds; 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 staffhave determined that the appropriation of the Grant from the Colorado
Historical Society as described herein will not cause the total amount appropriated in the General
Fund to exceed the current estimate of actual and anticipated revenues to be received in that fund
during any fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated grant revenue in the General Fund
the sum of TWENTY-FOUR THOUSAND DOLLARS ($24,000) for expenditure in the General
Fund for the rehabilitation of historic commercial properties.
Introduced, considered favorably on first reading, and ordered published this 4th day of
September, A.D. 2007, and to be presented for final passage on the 18th day of September, A.D.
2007.
i
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading on the 18th day of tember, A.D. 2007.
i
Mayo '
ATTEST:
City Clerk