HomeMy WebLinkAbout111 - 09/18/1979 - APPROPRIATING RESERVE FUNDS AND ADDITIONAL UNANTICIPATED REVENUE IN THE SEVEN YEAR CAPITAL FUND OF T OPDINANCE NO 111 , 1979
BEING AN ORDINANCE OF ThE COUNCIL OF THE CITY
OF FORT COLLINS APPROPRIATING RESERVE FUNDS AND
ADDITIONAL UNANTICIPATED PEVENUE IN THE SEVEN YEAR CAPITAL
FUND OF THE CITY FOR PAYMENT OF DESIGNATED EXPENSES THEREOF
WHEREAS, an annual budget for the City's Seven Year Capital Fund for
1979 was heretofore approved by the Council and an annual appropriation
ordinance for 1979 was adoptea providing for expenditure from said fund for
particular purposes specified in the budget, and
WHEREAS, in the opinion of the Council , additional expenditures from
the Seven Year Capital Fund in excess of those appropriated in the 1979
Annual Appropriation Ordinance will be necessary to pay the costs of
certain expenses, and
WHEREAS, reserves accumulated in prior years exist in the Seven Year
Capital Fund, and
11HEREAS, revenues not anticipated in the budget have been received
which revenues were designated by the source providing the same for er-
penditure for a particular purpose, and
t,HEPEAS, Article V, Section 8 of the Charter of the City of Fort
Collins provices that the Council by ordinance may authorize payment of
expenses from reserves accumulated in prior years notwithstanding that such
reserves were not appropriated for expenditure in the annual appropriation
ordinance, and
WHEREAS, Article V , Section 15 of the Charter provides that the
Council may, at any time arming the year in which said revenues are re-
ceived, authorize by ordinance the expenditure of such revenues or any part
thereof notwithstanding the fact that such revenues v,eie not appropriated
for expenditure in the annual appropriation ordinance
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the total suns of $538,561 GO be, and the same hereby is,
appropriated from the Seven Year Capital Fund as follows
Section I From accumulated reserves of the Seven Year Capital Fund,
the sum of $41A,237 00 for expenditure on the following projects
Open Space and Trails $131 282 00
Street Ia provements 259,131 00
Lemay Avenue Extension 9,500 OG
New Municipal Building 14,322 00 `
TOTAL $414,237 00 _ r
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Section 2 From revenue not anticipated in the budget, the sum
of $124,32n 00 for expenditure on the following protects
Historic Facilities $ 59000 00
Street - Traffic Improvements 50,324 00
Lemay Avenue Extension 549000 00
Stour Drainage 15,000 00
TOTAL $124,324 00
Introduced, considered favorably on first reading, and ordered pub-
lished this 4th day of September, 1979, and to be presented for final
passage on the 18th day of September, 1979
Nayor
7 ST
City Clerk
Passed and adopted on final reading this 18th day of September,
1979
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Ci y Clerk
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