HomeMy WebLinkAbout154 - 10/17/2006 - APPROPRIATING UNANTICIPATED REVENUE IN THE STREET OVERSIZING FUND FOR TRANSFER TO THE CAPITAL PROJEC ORDINANCE NO. 154, 2006
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE STREET OVERSIZING FUND FOR TRANSFER
TO THE CAPITAL PROJECT FUND - DRAKE
AND ZIEGLER ROAD IMPROVEMENTS PROJECT, PHASE lI
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
realigning and constructing Ziegler Road to minor arterial standard,relocating a portion of the Fossil
Creek Reservoir Inlet Ditch("FCRID")to accommodate the arterial roadway,constructing bridges
over the Foothills Channel and the FCRID, and constructing an outfall channel from the existing
Rigden Pond to the Poudre River(the"Project'); and
WHEREAS,Section 3.7.3(E)of the Fort Collins Land Use Code allows developers to choose
to build or supply funding for required development of transportation facilities; and
WHEREAS,the developers of the Rigden Farm Development and the Sidehill Development
have chosen to contribute funds in lieu of building the necessary transportation facilities; and
WHEREAS, the appropriation of developer contributions, totaling $659,438 from Rigden
Farm Development and $250,000 from Sidehill Development, will allow engineering and bid
documents to be prepared, and the construction of the bridges and ditch relocation to be awarded
prior to the 2007 construction season; and
WHEREAS, additional appropriations needed to complete construction of the Project will
be requested early in 2007, once Project costs have been finalized; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the"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 has determined that the appropriation of the developer contributions
from the Rigden Farm and Sidehill 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 the fiscal year; and
WHEREAS, it is the desire of the City Council to appropriate the sum of$909,438 from
developer contributions within the Street Oversizing Fund,for transfer to the Capital Projects Fund-
Drake and Ziegler Road Improvements Project, Phase II, for appropriation therein to be used to
construct arterial roadway improvements for the Drake Road and Ziegler Road Improvements
Project, Phase II.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue in the Street Oversizing
Fund, the sum of NINE HUNDRED NINE THOUSAND FOUR HUNDRED THIRTY-EIGHT
DOLLARS ($909,438) for transfer to the Capital Projects Fund - Drake and Ziegler Road
Improvements Project, Phase II, and appropriated therein, to be used to construct arterial roadway
improvements for the Drake Road and Ziegler Road Improvements Project, Phase II.
Introduced, considered favorably on first reading, and ordered published this 3rd day of
October, A.D. 2006, and to be presented for final passage on th th day of October, A.D. 2006.
i
Mayo
ATTEST:
ILOLA
City Clerk
Passed and adopted on final reading on the 17th day of her, A.D. 2006.
i
M4U
ATTEST:
City Clerk