HomeMy WebLinkAbout062 - 08/21/2012 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE FORT COLLINS MUSEUM OF DISC ORDINANCE NO. 062, 2012
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL
PROJECTS FUND FOR THE FORT COLLINS MUSEUM OF
DISCOVERY SCIENCE CENTER EXHIBITS PROJECT
WHEREAS, in March 2008, the City and the Discovery Center, a Colorado non-profit
corporation, d/b/a Discovery Science Center (the "NPC"), now officially known as FCDM, Inc.,
entered into an operating agreement for the construction and operation of the Fort Collins Museum
of Discovery Science Center Project; and
WHEREAS, pursuant to the operating agreement, the cost of the exhibit design contract in
the amount of$1,285,000 is to be shared equally by the City and the NPC; and
WHEREAS, staff is working with the contractor to complete the first two phases of the
exhibits by the opening date of November 10, 2012; and
WHEREAS, the non-profit partner has raised $135,249 through fund raising efforts and
would like to appropriate this money into the Exhibits capital project to build exhibit walls and
digital dome infrastructure; 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 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 ONE HUNDRED THIRTY-FIVE THOUSAND TWO HUNDRED FORTY-NINE
DOLLARS ($135;249) for expenditure on the Building on Basics - Fort Collins Museum of
Discovery Science Center Exhibits Project.
Introduced,considered favorably on first reading,and ordered published this 17th day of July,
A.D. 2012, and to be presented for final passage on the 21 st day of August, A.D. 2012.
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Passed and adopted on final reading on the 21 st day of August, A.D. 2012.
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