HomeMy WebLinkAbout044 - 05/04/2010 - APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE GENERAL FUND FOR THE RESTORATION AND REHABILITATION ORDINANCE NO. 044, 2010
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE GENERAL FUND
FOR THE RESTORATION AND REHABILITATION OF
PARAMOUNT COTTAGE CAMP
WHEREAS,the City was awarded a grant in the amount of$66,600(the"Grant")from the
Colorado Historical Society's State Historical Fund for the restoration and rehabilitation of the
historic Paramount Cottage Camp located at 1544 West Oak Street (the "Property"); and
WHEREAS,the City Council designated the Property a Fort Collins landmark by Ordinance
No. 089, 2009; and
WHEREAS,the Grant requires matching funds and that the City administer the distribution
of the Grant funds and the matching funds; and
WHEREAS, the owners of the Property will provide the necessary matching funds for the
project in the amount of$81,400; 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 Grant revenue and the
matching funds as described herein will not cause the total amount appropriated in the General Fund
to exceed the current estimate of actual and anticipated revenues to be received in that fund during
the fiscal year; and
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue in the General Fund the sum
of ONE HUNDRED FORTY-EIGHT THOUSAND DOLLARS ($148,000) for expenditure in the
General Fund for restoration and rehabilitation of the Paramount Cottage Camp located at 1544 West
Oak Street.
Introduced, considered favorably on first reading, and orde d published this 20th day of
April, A.D. 2010, and to be presented for final passage on the 4 da of May, A.D. 2010.
Mayor
`ATTEST:
4L
City Clerk
Passed and adopted on final reading on the 4th day of M .D. 2010.
ayo ,
ATTEST-:
City Clerk