HomeMy WebLinkAbout078 - 06/06/2006 - APPROPRIATING UNANTICIPATED REVENUE IN THE STREET OVERSIZING FUND AND AUTHORIZING THE TRANSFER OF AP ORDINANCE NO. 078, 2006
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE STREET
OVERSIZING FUND AND AUTHORIZING THE TRANSFER OF
APPROPRIATIONS FROM THE STREET OVERSIZING FUND
TO THE CAPITAL PROJECT FUND - LEMAY AVENUE,
TRILBY ROAD TO CARPENTER ROAD CAPITAL PROJECT
WHEREAS, on February 4, 2003, City Council adopted Ordinance No. 011, 2003,
appropriating prior year reserves in the Street Oversizing Fund, and authorizing the transfer of
appropriations between City funds to construct improvements on Lemay Avenue from the Fossil
Creek bridge south to Trilby Road; and
WHEREAS, the aforementioned improvements along Lemay Avenue were spurred on by
development in the area including Fossil Creek Community Park and the Paragon Point
Development, south of the Southridge Greens Golf Course; and
WHEREAS, with the engineering design completed and with funding secured, Staff
proposes beginning the bid process for the construction of additional improvements on Lemay
Avenue from Trilby Road south to Carpenter Road; and
WHEREAS,the proposed improvements planned for Lemay Avenue,from Trilby Road south
to Carpenter Road (the "Project") include the widening of Lemay Avenue to a four-lane arterial
street from its existing two-lane configuration, including installation of curb-and-gutter, asphalt
paving,bike lanes, some landscaped medians and storm and sanitary sewers, and interim widening
at the Lemay Avenue/Carpenter Road intersection to accommodate auxiliary turn lanes; and
WHEREAS, the estimated cost to construct improvements associated with the Project is
$1,663,229, with available funding sources identified as follows:
Contributions - Everitt Enterprises Development $ 414,927
Contributions - Provincetowne Filing 2 Development 107,192
Street Oversizing Fund - Existing Appropriations 1,141,110
Total $ 1,663,229
WHEREAS, in conjunction with this project, maintenance and an overlay of a portion of
existing Lemay Avenue will be constructed using funding, totaling $486,571, from the City's
Pavement Management Program; and
WHEREAS, the aforementioned funds for Pavement Management are already appropriated
in the Transportation Services Fund and are available for the portion of Lemay Avenue described
herein; and
WHEREAS, upon completion of the bid process, the Project is scheduled to begin July 1 st
of this year with completion scheduled for mid November of this year; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the"Charter")
permits 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, Article V, Section 10, of the Charter authorizes City Council to transfer by
ordinance any unexpended and unencumbered amount or portion thereof from one fund or capital
account to another fund or capital project,provided that the purpose for which the transferred funds
are to be expended remains unchanged; and
WHEREAS, the appropriation of the contributions from Everitt Enterprises and the
Provincetowne Filing 2 Developments as described herein will not cause the total amount
appropriated in the Street Oversizing Fund budget to exceed the current estimate of actual and
anticipated revenues to be received during any fiscal year; and
WHEREAS, it is the desire of City Council to appropriate the sum of $522,119 from
contributions within the Street Oversizing Fund, for transfer to the Capital Projects Fund- Lemay
Avenue, Trilby Road to Carpenter Road capital project, and to authorize the transfer of existing
appropriations, totaling $1,141,110, in the Street Oversizing Fund to the Capital Projects Fund -
Lemay Avenue, Trilby Road to Carpenter Road capital project to be used to construct arterial
roadway improvements for Lemay Avenue from Trilby Road, south to Carpenter Road.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from unanticipated revenue in the Street
Oversizing Fund, the sum of FIVE HUNDRED TWENTY-TWO THOUSAND ONE HUNDRED
NINETEEN DOLLARS($522,119)for transfer to the Capital Projects Fund-Lemay Avenue,Trilby
Road to Carpenter Road capital project, and appropriated therein, to be used to construct arterial
roadway improvements for Lemay Avenue from Trilby Road, south to Carpenter Road.
Section 2. That the unexpended appropriated amount of ONE MILLION ONE HUNDRED
FORTY-ONE THOUSAND ONE HUNDRED TEN DOLLARS($1,141,110)is hereby authorized
for transfer from the Street Oversizing Fund to the Capital Projects Fund - Lemay Avenue, Trilby
Road to Carpenter Road capital project to be used to construct arterial roadway improvements for
Lemay Avenue from Trilby Road, south to Carpenter Road.
Introduced, considered favorably on first reading, and ordered published this 16th day of
May, A.D. 2006, and to be presented for final passage on the ay of June, A.D. 200
Mayo
ATTEST:
u
City Clerk <tF
Passed and adopted on final reading this 6th day of June, A.D. 2006.
Mayor
ATTEST:
vaml�o
0
City Clerk