HomeMy WebLinkAbout069 - 07/07/2009 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND, MASON CORRIDOR PROJECT FOR THE SOU ORDINANCE NO. 069, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND, MASON CORRIDOR PROJECT FOR THE
SOUTH TRANSIT CENTER PROJECT
WHEREAS, the Mason Corridor Project is a five-mile, north-south byway extending from
Cherry Street to just south of Harmony Road; and
WHEREAS, the South Transit Center (the "STC") which is a component of the Mason
Corridor Bus Rapid Transit service is ready for final design; and
WHEREAS, the STC will be built on City-owned property located near the intersection of
Fairway Lane and Fossil Boulevard(the "Site") that was specifically purchased in 2003 to use as a
transit center; and
WHEREAS,the City Council has 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 Bus Rapid Transit project
(the "Project"); and
WHEREAS, CDOT's SB-1 Strategic Transit Project funding program will provide 80%of
the project costs in the amount of$212,000,and the 20%local match in the amount of$53,000 will
be provided by the use of the Site; and
WHEREAS,the remainder of the State funds for construction of the STC will be granted to
the City via a subsequent contract with CDOT, where the total State contribution approved for the
STC portion of the Mason Corridor project is $4,000,000; and
WHEREAS, Article V, Section 9, of the City Charter authorizes 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 that there is hereby appropriated from unanticipated revenue from the Colorado
Department of Transportation SB-1 funds in the Capital Projects fund the sum of TWO HUNDRED
TWELVE THOUSAND DOLLARS($212,000)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 2nd day of June,
A.D. 2009, and to be presented for final passage on the 7th day ,uly, A.D. 2009.
May
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City Clerk
Passed and adopted on final reading on the 7th day of July, A.D. 2009.
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