HomeMy WebLinkAbout018 - 02/17/2009 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE INTERSTATE 25 AND STATE HIG ORDINANCE NO. 018, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE CAPITAL PROJECTS FUND FOR THE INTERSTATE 25 AND
STATE HIGHWAY 392 INTERCHANGE AND IMPROVEMENTS PROJECT
WHEREAS, the Interstate 25 and State Highway 392 Interchange ("Interchange"), located
at Exit 262,borders the western limits of the Town of Windsor("Town")and the southeastern limits
of the City of Fort Collins ("City"); and
WHEREAS, the Interchange is an integral part of the regional transportation network; and
WHEREAS,in recent years, the capacity of the Interchange has been significantly impacted
by state and regional growth, as well as local growth in Windsor and southeast Fort Collins, so that
the Interchange is unable to handle current traffic capacity during peak hours; and
WHEREAS, the Interchange is characterized by numerous design and operational
deficiencies and substandard safety features; and
WHEREAS, in January 2006, the City and Town entered into an Intergovernmental
Agreement to develop a plan for the improvement of the Interchange, including implementation
strategies; and
WHEREAS,the Town and the City have conducted a series ofjoint meetings for the purpose
of reviewing and directing the preparation of a Systems Level Study as part of the Colorado
Department of Transportation("CDOT") 1601 Interchange Approval Process(the"1601 Process");
and
WHEREAS, the Systems Level Study for the Interchange included a conceptual design,
environmental clearance, and a financing package for the project; and
WHEREAS, the City Council adopted Resolution 2009-003 accepting the Systems Level
Study and authorizing the City Manager to present it to the Colorado Transportation Commission
(the"Commission")and directed the City Manager to continue to work cooperatively with the Town
and CDOT to move forward with the plans for the final design and construction of the Interchange;
and
WHEREAS, on January 21,2009 the System Level Study for the Interchange was approved
by the Commission; and
WHEREAS, the City Council has adopted Resolution 2009-010, approving an
intergovernmental agreement among the Town,City and CDOT(the'!Design IGA")that establishes
the process for administering $1,937,878 that CDOT has made available to the Town and the City
for the purpose of funding the design of the Interchange improvements, with no requirement of
matching funds; and
WHEREAS, pursuant to the Design IGA, CDOT will be withholding $169,355 of the
$1,937,878 to compensate CDOT for the costs it will incur in reviewing the final design of the
Interchange improvements; and
WHEREAS,the balance of$1,768,523 to be administered by the City must be appropriated
by the City Council; and
WHEREAS, with the Commission's approval of the Systems Level Study and the approved
Design IGA, the Interchange design can begin immediately and potentially allow for the project to
be ready for construction in the fall of 2009, qualifying the project for potential stimulus package
funding; and
WHEREAS, Article V, Section 9, of the City 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, City staff have determined that the appropriation of the revenue as described
herein will not cause the total amount appropriated in the Capital Projects 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 revenue in the Capital Projects Fund
the sum of ONE MILLION SEVEN HUNDRED SIXTY EIGHT THOUSAND FIVE HUNDRED
TWENTY THREE DOLLARS ($1,768,523) for expenditure in the Capital Projects Fund for the
design of the I-25 and SH392 Interchange Improvements Project.
Introduced, considered favorably on first reading, and ordered published this 3rd day of
February, A.D. 2009, and to be presented for final passage on tJxTth day of February,A.D. 2009.
t Mayor
ATTEST:
City Clerk,.
Passed and adopted on final reading on the 17th day of February, A.D. 2009.
Mayor
`ATTEST: <•
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'City Clerk