HomeMy WebLinkAbout100 - 09/06/2011 - APPROPRIATING UNANTICIPATED REVENUE IN THE CULTURAL SERVICES FUND AND IN THE CAPITAL PROJECTS FUND F ORDINANCE NO. 100, 2011
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CULTURAL
SERVICES FUND AND IN THE CAPITAL PROJECTS FUND FOR THE
BUILDING ON BASICS LINCOLN CENTER RENOVATION PROJECT
WHEREAS, on November 1, 2005, Fort Collins voters passed Ordinance No. 092, 2005
approving the`Building on Basics" (`BOB") tax for certain capital projects including the Lincoln
Center Renovation Project (the `'Project"), which is currently under construction; and
WHEREAS, the Project will add 17,000 square feet and renovate 55,000 square feet with
a focus on improving the patron experience, performer amenities, and infusing new life into the
facility; and
WHEREAS, the total cost of the Project, including the structural reinforcement of the
performance hall walls, is estimated to be $8.2 million, to be paid for with $5.5 million of BOB
funding, $2.6 million previously appropriated from grants, donations, and prior year reserves, and
an additional $175,708 to be appropriated with this Ordinance; and
WHEREAS,additional unanticipated revenue in the amount of$161,088 has been received
by the Lincoln Center Support League, which is a 501(c)(3) non-profit corporation formed by
private parties to raise and donate funds to the Lincoln Center to support its activities; and
WHEREAS,this revenue came from the following sources: (1) $50,000 from the Boettcher
Family Foundation; (2) $50,000 from the Griffin Family Foundation; (3) $50,000 from an
anonymous donation; and (4) $11,088 in donations from various other individuals; and
WHEREAS, additional revenue in the amount of $14,620 has been received from the
Community Foundation of Northern Colorado Agency Fund for the 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 as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated revenue in
the Cultural Services Fund the sum of ONE HUNDRED SIXTY-ONE THOUSAND EIGHTY-
EIGHT DOLLARS (S 161,088) for the Lincoln Center Renovation expenses.
Section 2. That there is hereby appropriated for expenditure from unanticipated revenue in
the Capital Projects Fund the sum of FOURTEEN THOUSAND SIX HUNDRED TWENTY
DOLLARS (814,620) for the Lincoln Center Renovation Project.
Introduced, considered favorably on first reading, and ordered published this 16th day of
August, A.D. 2011, and to be presented for final passage on the 6th day of September, A.D. 2011.
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Passed and adopted on final reading on the 6th day of September, A.D. 2011.
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