HomeMy WebLinkAbout118 - 10/21/2008 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND, MASON CORRIDOR PROJECT FOR PHASE 1 ORDINANCE NO. 118, 2008
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND, MASON CORRIDOR PROJECT FOR PHASE 1 OF THE
MASON EXPRESS BUS RAPID TRANSIT
WHEREAS, the Mason Corridor project is a five-mile, north-south byway extending from
Cherry Street to just south of Harmony Road and Phase 1 includes the section of the Mason Corridor
Bus Rapid Transit from the Downtown Transit Center to Colorado State University; and
WHEREAS, CDOT's SB-1 "Strategic Transit Project" funding program will provide 80%
of the project costs in the amount of $4,560,000, and the 20% local match, in the amount of
$1,140,000,will be provided by the City and the Downtown Development Authority("DDA");and
WHEREAS,the Mason Corridor capital project was appropriated with the 2008 Budget on
Ordinance No. 118, 2007 and this project included the CDOT SB-1 funding in the amount of
$3,441,488 and the additional CDOT SB-1 funding of$1,118,512 needs to be appropriated in the
Project; and
WHEREAS,the local matching funds needed,totaling$1,140,000,have been identified as
$540,000 from the City existing appropriations in the Capital Projects Fund and $600,000 to be
provided by the DDA; and
WHEREAS,the City Council has,this same date,adopted Resolution 2008-090 authorizing
the City to enter into an intergovernmental agreement with the Colorado Department of
Transportation ("CDOT")to provide funding for Phase 1 of the Mason Corridor - Mason Express
(MAX)Bus Rapid Transit project("the Project"); and
WHEREAS, pursuant to Chapter 1, Section 22 of the Code, the City Manager executed an
intergovernmental agreement with the DDA on March 27, 2008, for funds from the DDA for the
local match; 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 as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated revenue
in the Capital Projects Fund the sum of SIX HUNDRED THOUSAND DOLLARS($600,000)from
the Fort Collins Downtown Development Authority to be used for Mason Corridor Project-Phase
1 Mason Express Bus Rapid Transit.
Section 2. That there is hereby appropriated from unanticipated revenue from the CDOT
SB-1 funds in the Capital Projects Fund the sum of ONE MILLION ONE HUNDRED EIGHTEEN
THOUSAND FIVE HUNDRED TWELVE DOLLARS($1,118,512)for expenditure in the Capital
Projects Fund, Mason Corridor Project- Phase 1 Mason Express Bus Rapid Transit.
Introduced, considered favorably on first reading, and ordered published this 7th day of
October, A.D. 2008, and to be presented for final passage on the st day of October, A.D. 2008.
May
ATTEST:
id"11,13k-*Ns
Chief Deputy City Clerk
Passed and adopted on final reading on the 21st day of er, A.D. 2008.
May
ATTEST:
City Clerk