HomeMy WebLinkAbout005 - 02/16/2010 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE INTERSECTION IMPROVEMENTS P ORDINANCE NO. 005, 2010
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL
PROJECTS FUND FOR THE INTERSECTION IMPROVEMENTS PROJECT
FOR HARMONY ROAD AND COLLEGE AVENUE
WHEREAS, the Harmony Road and College Avenue intersection is one of the highest
volume intersections in the City and it is projected that the volume will increase in the future; and
WHEREAS, these proposed improvements will reduce delay time, improve the pavement
surface, add urban design and landscaping elements, and provide better facilities for bicycles and
pedestrians; and
WHEREAS, approximately $5.3 million has already been appropriated for the Harmony
Road and College Avenue intersection project, consisting of$2,280,000 from Building on Basics
funds, $1,420,000 State Transportation Plan Metro Funds Grant, and $1,557,000 from the
Transportation Fund Harmony Maintenance Reserve; and
WHEREAS,the City has been awarded Congestion Relief funds in the amount of$627,000
and Hazard Elimination and Safety funds in the amount of$120,000 from the Colorado Department
of Transportation designated for the construction of improvements to the Harmony Road and
College Avenue intersection; and
WHEREAS, these sources will complete the funding required for the Harmony Road and
College Avenue Intersection project; and
WHEREAS, on February 2, 2010, City Council adopted Resolution 2010-003 authorizing
the Mayor to amend a contract with the Colorado Department of Transportation to add funding for
the construction of the Harmony Road and College Avenue Intersection Project; 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 has 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 in the Capital Projects Fund
the sum of SEVEN HUNDRED FORTY-SEVEN THOUSAND DOLLARS ($747,000) for
expenditure in the Capital Projects Fund - Building on Basics—Intersection Improvements Project
for Harmony Road and College Intersection Improvements.
Introduced, considered favorably on first reading, and ordered published this 2nd day of
February,A.D. 2010, and to be presented for final passage on t 1 th day of February,A.D. 2010.
Mayor
AT-TEST:
s
City Clerk
Passed and adopted on final reading on the 16jday ebruary, A.D. 2010.
i
Mayo
ATTEST:
.City Clerk