HomeMy WebLinkAbout033 - 05/05/2009 - TRANSFERRING EXISTING APPROPRIATIONS IN THE STREET OVERSIZING FUND TO THE CAPITAL PROJECTS FUND FOR ORDINANCE NO. 033, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
TRANSFERRING EXISTING APPROPRIATIONS IN THE STREET
OVERSIZING FUND TO THE CAPITAL PROJECTS FUND FOR-THE DRAKE
ROAD IMPROVEMENTS, TAFT HILL TO OVERLAND TRAIL PROJECT
WHEREAS,the City's Master Street Plan has designated the section of Drake Road between
Taft Hill and Overland Trail as a four-lane arterial; and
WHEREAS, said section of Drake Road adjoins three undeveloped lots and is two lanes in
width; and
WHEREAS, Drake Road serves as a major east west arterial and is a major access point to
events at Hughes Stadium; and
WHEREAS, over the previous fifteen years, traffic in this area has increased beyond the
capacity of the current design of this section of Drake Road; and
WHEREAS, the Drake Road Improvements, Taft Hill and Overland Trail Project (the
"Project") will add two lanes, curb and gutter, sidewalks, and bike lanes to this section of Drake
Road (the "Improvements"); and
WHEREAS, City staff has acquired the necessary right-of-way, including utility easements
used to underground utilities, to construct the Project; and
WHEREAS,this section of Drake Road is also due for an asphalt overlay as part of the City's
Pavement Management Program, and completing the Improvements prior to this asphalt overlay
would avoid a pavement joint and duplication of striping Drake Road; and
WHEREAS, the estimated cost of the Improvements totals $280,315 and is available from
existing appropriations in the Street Oversizing Fund; 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 foregoing appropriations, totaling$280,315,
will not cause the total amount appropriated in the Street Oversizing Fund 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 transfer existing appropriations in the Street
Oversizing Fund to the Capital Projects Fund-Drake Road Improvements,Taft Hill to Overland Trail
capital project, for appropriation therein, to construct roadway improvements.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from existing appropriations in the Street Oversizing
Fund, the sum of TWO HUNDRED EIGHTY THOUSAND THREE HUNDRED FIFTEEN
DOLLARS ($280,315) for transfer to the Capital Projects Fund - Drake Road Improvements, Taft
Hill to Overland Trail capital project for construction of roadway improvements.
Introduced,considered favorably on first reading,and ordered published this 21 st day of April,
A.D. 2009, and to be presented for final passage on the 5th day qfMy, A.D. 2009.
Mayor
TTEST:
a
City Clerk
Passed and adopted on final reading on the 5th day of ay, A.D. 2009.
May
ATTEST: "
s L
LL
City Clerk